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Trading robot · MT4
Hedge EA
This MetaTrader 4 expert advisor executes and manages trades using a specialized hedging strategy.
GitHub stars1
Forks2
Last update1 year ago9 Apr 2025
LicenceMIT
Overview
Hedge EA monitors account equity and floating losses, automatically opening hedge positions when a user-defined loss percentage is reached. The system includes robust risk management features such as daily and weekly loss limits, dynamic lot sizing based on account risk, and a margin level safeguard. It also incorporates a news filter, session-specific trading hours, and trailing stops. The EA can close all open positions once a target profit percentage is achieved.
- Automated hedging triggered by floating loss percentage
- Daily and weekly account loss limits
- Trading filters for Asian, London, and New York sessions
- News filter to pause trading during high volatility
- Dynamic lot sizing based on account risk percentage
Details
Author
sahebkaran1 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Hedging
Markets
Forex
Timeframes
Any timeframe
Risk profile
- Holds opposite positions at once
EA files
Topics
expert-advisorforexhedgingmt4
Input parameters
Read from HedgeEA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
LotSize | double | 0.1 | Lot Size |
HedgeLotSize | double | 0.1 | Hedge Lot Size |
StopLoss | int | 50 | Stop Loss in pips |
TakeProfit | int | 100 | Take Profit in pips |
MagicNumber | int | 123456 | Magic Number |
Slippage | int | 3 | Slippage in pips |
MaxLossPercent | double | 1.0 | Maximum Loss Percent before Hedging |
TargetProfit | double | 2.0 | Target Profit Percent to Close All |
StartHour | int | 0 | Trading Start Hour |
EndHour | int | 24 | Trading End Hour |
MaxMarginLevel | double | 1000 | Maximum margin level before closing positions |
UseTrailingStop | bool | true | Use trailing stop |
Show all 27 inputs
| Name | Type | Default | Description |
|---|---|---|---|
TrailingStop | int | 20 | Trailing stop in pips |
TrailingStep | int | 5 | Trailing step in pips |
UseDynamicLotSize | bool | false | Use dynamic lot size |
RiskPercent | double | 1.0 | Risk percent for dynamic lot size |
MaxPositionAge | int | 24 | Maximum position age in hours |
UseNewsFilter | bool | true | Use news filter |
NewsMinutesBefore | int | 30 | Minutes before news to avoid trading |
NewsMinutesAfter | int | 30 | Minutes after news to avoid trading |
UseSessionFilter | bool | true | Use session filter |
AsianSession | string | 00:00-08:00 | Asian session |
LondonSession | string | 08:00-16:00 | London session |
NewYorkSession | string | 13:00-21:00 | New York session |
UseRiskManagement | bool | true | Use advanced risk management |
DailyLossLimit | double | 2.0 | Daily loss limit in percent |
WeeklyLossLimit | double | 5.0 | Weekly loss limit in percent |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone sahebkaran1/HedgeEA from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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