hunter
Info
The hunter is a Expert Advisor for MetaTrader 5 that **hunter ea trading logic** the hunter ea uses the fvglibrary and liquiditylibrary to detect market bias and make trading decisions. the ea operates on a specified hourly timeframe and uses a profit target to manage risk.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use hunter
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
**hunter ea trading logic** the hunter ea uses the fvglibrary and liquiditylibrary to detect market bias and make trading decisions.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Resonance Hunter Trading Robot - another powerful expert for MetaTrader 5 traders.
**hunter ea trading logic** the hunter ea uses the fvglibrary and liquiditylibrary to detect market bias and make trading decisions. the ea operates on a specified hourly timeframe and uses a profit target to manage risk. **indicators used** * fvglibrary for bias detection * liquiditylibrary for getting daily bias and dol (direction of liquidity) information **risk management behavior** the ea uses a fixed lot size and a profit target to manage risk. the profit target is set to $2.00. **order execution rules** the ea places trades based on the detected market bias and dol information. the ea does not have any specific order execution rules, but it uses the built-in mql5 order management functions. **overall purpose** the hunter ea is designed to detect market bias and make trading decisions based on that bias. the ea aims to maximize profits by taking advantage of the detected market conditions.Also recommended: hunter, liquidity library and fvg detection library - similar expert with strong performance on MetaTrader 5.
You may also like: Trade Signals Based on Bullish/Bearish Harami Candlestick Patterns Confirmed by MFI Indicator using MQL5 Wizard - excellent alternative for expert users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.