Golden Hunter MT4

The Golden Hunter MT4 has emerged as a potent Forex trading tool in the currency trading arena. Specifically designed for manual traders, it is endowed with three distinct indicators that enhance its performance in the volatile Forex market.

Core Features of Golden Hunter MT4

The Golden Hunter MT4 stands out with its unique features, including non-repainting indicators, optimal trading pairs, and a preferred trading period. It ensures that its values remain consistent even with the influx of new data. It suggests trading pairs with low spreads and high volatility, such as EURUSD, GBPUSD, and BTCUSD, while discouraging the use of range pairs. The tool is also designed to operate best on an M5 time period, i.e., five-minute time frames.

Furthermore, the Golden Hunter MT4 recommends trading during daylight hours when the markets are most active, and spreads are maintained at a minimum. It also stresses the importance of using an ECN broker with tight spreads for scalping positions.

Key Indicators of Golden Hunter MT4

The three indicators employed by the Golden Hunter MT4 tool contribute to its powerful Forex strategy. The first indicator measures the volatility of the currency pair and identifies the market trend, forming a strong entry strategy. LSMA, the second indicator, smooths the price data, making it easier to detect the short-term trend. Finally, the Heikin Ashi, when attached to the chart, changes the Japanese candlesticks to Heikin Ashi candlesticks, smoothing the price information to help detect solid trends.

Installation and Configuration of Golden Hunter MT4

The installation of the Golden Hunter MT4 is straightforward, requiring attachment to the preferred trading pair on the M5 time period. The default setting, optimized for five-minute time frames, is found to be the most effective. However, users can adjust the settings to align with their trading mode.

How to Utilize Golden Hunter MT4

Using the Golden Hunter MT4 is quite simple. The indicators display buy and sell signals as the price fluctuates. A buy position should only be opened when the signal (arrow) is above the white line, while a sell position should only be initiated when the signal is below the white line.

As for closing the trade, two methods can be employed. Traders can choose to close the trade when the candles cross the white line or use an additional indicator that draws supports and resistances, closing the trade when both supports and resistances are reached.

Frequently Asked Questions

Where can I purchase the Golden Hunter MT4?

It is recommended to purchase the Golden Hunter MT4 only from MQL5.com. Beware of scammers who may offer to sell this product.

Where can I find a review of the Golden Hunter MT4?

Independent testing of the Golden Hunter MT4 can be viewed at forexroboteasy.com. You can also subscribe to updates on the results of testing this product.

We invite users to share their experiences with the Golden Hunter MT4. Remember, this is an independent product review and caution should be exercised when purchasing this trading software from external websites, as they may offer fake versions of the product.