Download Hunter for MetaTrader 5

Hunter

Hunter

This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.

MT5 expert Pack 📂

How to Setup 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.

Description & Settings

**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.

You May Also Like

MT4 Experts

MT4 Indicators

MT5 Experts

MT5 Indicators

RobotFX does not own any of the code provided on this platform. All tools are freely available on the internet; we simply index and re-offer them for download. We are not responsible for any financial losses that may occur. Trading responsibilities rely solely on the traders downloading and using the displayed Expert Advisors, indicators, and scripts. These tools are provided for educational purposes only and may require modification or optimization to align with a trader's specific strategy or needs.
© ROBOTFX - Best MetaTrader Expert Advisors & Indicators