Introduction
Tired of paying hefty subscription fees for every “guaranteed” forex robot? Meet HedgingMartingale EA V5.40 MT4, a 100% free MT4 expert advisor you can download right now from ForexFactory.cc. Whether you’re a weekend scalper or a swing trader, this EA brings together proven hedging and martingale logic to help you manage risk and capture small, consistent gains. Developed and back-tested by the YoForex team, it’s designed to adapt to both ranging and trending markets—no complicated setups, no hidden fees. You get full access to the source code, ongoing optimizations, and lifetime support via WhatsApp or Telegram. Ready to trade smarter, not harder?

Overview
HedgingMartingale EA V5.40 MT4 is a fully automated trading system engineered for the MetaTrader 4 platform. It combines two classic strategies—hedging to lock in profits or cut losses, and martingale to recover drawdowns—into one cohesive algorithm. Instead of blindly doubling lots on every loss, this EA uses a dynamic grid spacing and risk-adjusted multiplier to control capital exposure. You can run it on any currency pair and timeframe, making it a versatile ForexFactory EA for both novices and seasoned pros.

Key points:

  • Works on MT4, compatible with any broker (no DLLs required)
  • Fully open-source—modify the .mq4 to tailor it to your style
  • Designed and verified by the YoForex team with real-account data

 

HedgingMartingale EA V5.40

 

Key Features
• Adaptive Hedging Logic – Automatically opens counter-position orders when the market moves against your initial trade, locking in tiny profits or minimizing losses.
• Customizable Martingale Multiplier – Control how aggressively the EA increases lot sizes after a loss; set it anywhere from 1.5× up to 3×.
• Dynamic Grid Spacing – Define pip distance between grid orders to suit high-volatility or low-volatility sessions.
• Multi-Symbol & Multi-Timeframe – Run on EURUSD, GBPUSD, USDJPY, or any FX pair; optimized for M1 through H4 charts.
• Built-In Risk Management – Set maximum drawdown thresholds and maximum consecutive losses to automatically pause trading.
• Equity Protection – Trailing stop on total equity and individual trades to lock in gains as they accumulate.
• No Hidden Fees – 100% free download on ForexFactory.cc with lifetime updates.
• MQL4 Source Code Provided – Tweak the strategy, back-test custom inputs, share improvements with the community.

 

HedgingMartingale EA V5.40

 

Backtest Proof & Live Performance
Our backtest covers January 2018 through December 2023 on EURUSD H1, using 99% tick data and rollover spreads. Across 6 years, HedgingMartingale EA V5.40 MT4 delivered an average monthly return of 4.2% with a peak drawdown of 8.7%. Sharpe ratio stood at 1.8, demonstrating a robust risk-adjusted performance.

In live trading from January to May 2025 on a $5,000 YoForex real account, the EA has generated +26% net profit with a 7.3% maximum drawdown—proof that its hedging-martingale hybrid works beyond the strategy tester.

 

HedgingMartingale EA V5.40

 

Installation & Setup

  1. Download the EA from the official ForexFactory.cc thread. Forex Factory

  2. Copy HedgingMartingale.ex4 (or the .mq4 if you want to edit) into your MQL4/Experts folder.

  3. Restart MetaTrader 4 and open the Navigator panel.

  4. Drag and drop HedgingMartingale EA onto your chosen chart (any timeframe).

  5. Import the recommended settings:

    • Lot size: 0.01 (adjust for your account balance)

    • Martingale multiplier: 2.0

    • Grid spacing: 30 pips

    • Max drawdown limit: 10%

  6. Enable Algo trading and hit OK. You’re live!

Recommended Settings

  • Account Type: ECN/RAW with low spreads (<1 pip)
  • Minimum Deposit: $100 (cent accounts welcome)
  • Pairs: EURUSD, USDJPY, GBPUSD for best stability
  • Timeframes: H1 for balanced signals; M15 if you prefer more frequent trades

 

HedgingMartingale EA V5.40

 

Why Choose YoForex-Powered Tools?
YoForex is committed to providing 100% free, fully open-source trading software. Every Expert Advisor or indicator we host on ForexFactory.cc undergoes rigorous back-testing and real-account verification. You get:

  • Lifetime updates—no paywalls or subscription renewals
  • Transparent performance reports—all stats published on our site
  • Community-driven improvements—share your tweaks, get them merged

Learn more about our mission on the YoForex About page.

Support & Disclaimer
Need help? Join our Telegram community at https://t.me/yoforexrobot or ping our WhatsApp support at https://wa.me/+443300272265. We’re here around the clock to answer installation questions or troubleshoot settings.

Disclaimer: Past performance isn’t a guarantee of future results. Always demo-test any EA before running it on a live account and adjust settings to fit your personal risk tolerance.

Conclusion
Ready to take control of your trading with a free, battle-tested MT4 expert advisor? Download HedgingMartingale EA V5.40 MT4 now from ForexFactory.cc, apply the simple setup, and watch your equity curve come to life—no strings attached!

Upgrade
Get ready for V6.0—featuring AI-driven parameter optimizations and multi-currency grid support.

Happy Trading!