Hedging Martingale EA Source Code MQ4- FREE DOWNLOAD

By: Sayan

Published on: Jun 09, 2025

Introduction

Ever had a losing streak that just won’t quit? Watching your balance shrink is painful—but what if you could stack the odds back in your favor? Hedge-Martingale EA combines classic hedging with a smart martingale system to recover losses systematically. Best part? You get full MQ4 source code for free on ForexFactory.cc, so you can audit, tweak, or extend it however you like.

Overview

Hedging Martingale EA watches your trades and, upon a losing move, opens a hedge in the opposite direction. If that hedge also moves against you, the EA doubles the lot size—continuing to hedge and martingale until either profit or your preset cap is reached. It’s designed for EURUSD H1 by default but works on any pair and timeframe.

YoForex’s development team rigorously back-tested this EA across multiple market regimes, and it’s been running on live demo accounts with consistent results. With customizable inputs, you’re in full control of offsets, multipliers, and safety limits.

Strategy Details

Initial Hedge: On a new signal or manual trade, the EA places an opposing pending order at a defined offset (e.g., ±20 pips).

Martingale Step: If the hedge triggers and moves against you by another offset, the EA doubles the lot size and places a second hedge.

Win Condition: When any hedge closes in profit, all open positions are closed to lock in net gain.

Max Steps: You configure a maximum number of martingale steps (e.g., 4). Beyond that, no further orders are placed.

Equity Stop: A global equity-based stop-loss closes all positions if drawdown exceeds your limit.

Key Features

• Dual hedging + martingale logic
• Adjustable hedging offset (pips)
• Configurable martingale multiplier
• Max martingale steps limit
• Per-trade take profit & stop loss
• Global equity stop-loss
• Fixed or percent-of-equity lot sizing
• Works on any Forex pair & timeframe
• Low resource usage
• Full open-source MQ4 code

Backtest & Performance

– Backtest Period: Jan 2012–Dec 2022 on EURUSD H1
– Net Profit: +1,420%
– Max Drawdown: 15.8%
– Profit Factor: 1.75

Equity curve shows periodic drawdowns during volatile news events, but consistent recovery thanks to the martingale steps. In live demo testing since Feb 2024 on a $1,000 account, the EA has averaged 3–4% monthly net gains, capping drawdowns under 10%.

Installation & Setup

Download: Grab HedgingMartingaleEA.mq4 from the ForexFactory thread below.

Compile: Place it in MQL4/Experts/, open MetaEditor, and compile.

Attach: Drag the EA onto your chosen chart (EURUSD H1 recommended).

Inputs:

HedgeOffset (pips)

MartingaleMultiplier (e.g., 2)

MaxSteps (e.g., 4)

TakeProfit / StopLoss (pips)

EquityStopPercent (e.g., 5)

Enable AutoTrading: Ensure AutoTrading is on.

Risk Management & Tips

– Demo-Test Extensively: Run at least one month on demo before going live.
– Leverage Wisely: Keep leverage ≤1:50 to avoid margin calls.
– Set Equity Stop: Protect your account by enabling EquityStopPercent.
– Avoid News Spikes: Consider disabling EA during major news releases.
– Monitor Drawdown: If drawdown nears your equity stop, pause and reassess settings.

Conclusion & Download

Hedging Martingale EA Source Code MQ4 offers a transparent way to combine hedging and martingale recovery on MT4. Dive into the MQ4 logic, adjust parameters, and start demo-testing today—totally free.