Description

Hunting Cat Scalper EA v3.0 MT4 For Build 1421+: The Ultimate Forex Trading Tool

Alternative Title: Hunting Cat Scalper EA v3.0: Revolutionizing Automated Forex Trading on MT4

Table of Contents

1. Introduction
2. What is Hunting Cat Scalper EA?
3. Key Features
4. System Requirements
5. Recommended Trading Sets
6. How to Set Up Hunting Cat Scalper EA
7. Risk Management and Best Practices
8. Conclusion

Introduction

In the fast-paced world of Forex trading, having a reliable and efficient automated trading system can make all the difference. Enter the Hunting Cat Scalper EA v3.0 MT4 For Build 1421+, a sophisticated trading robot designed to identify and capitalize on potential breakout levels in specific price patterns, primarily focusing on the USDJPY currency pair.

What is Hunting Cat Scalper EA?

Hunting Cat Scalper EA is a fully automated trading robot that operates primarily on the USDJPY currency pair. This advanced system is engineered to identify potential breakout levels within certain price patterns and execute trades along with these breakouts. The EA is compatible with MetaTrader 4 (MT4) Build 1421 and above, ensuring wide accessibility for traders using this popular platform.

One of the standout features of Hunting Cat Scalper EA is its ability to perform well in high-ping environments, making it suitable for traders across various geographical locations. Additionally, as a bonus, purchasers of Hunting Cat Scalper EA receive a FREE copy of Superdog Pro, further enhancing the value proposition for traders.

Key Features

1. Breakout Level Identification: The EA excels at recognizing potential breakout levels in specific price patterns, allowing for timely entry into profitable trades.
2. High-Ping Resistance: Designed to perform efficiently even in high-latency environments, ensuring consistent performance regardless of your location.
3. Calculated Hedging Mechanism: Set B of the EA incorporates a sophisticated hedging strategy to manage risk effectively.
4. Pending Orders: Utilizes pending orders to minimize slippage, crucial for maintaining accuracy in fast-moving markets.
5. Risk Management: Implements strict stop-loss orders on every trade, prioritizing capital preservation.
6. Proven Performance: Has successfully passed long-term backtests with 99.9% modality, demonstrating its robustness and reliability.
7. No Overfitting: The EA is designed to avoid overfitting, ensuring its strategies remain effective across various market conditions.
8. Safe Trading Practices: Avoids risky strategies such as grid or martingale, focusing instead on more sustainable trading methods.

System Requirements

To use Hunting Cat Scalper EA effectively, you’ll need:

• A hedging-enabled trading account
• A low-spread, raw ECN broker
• MetaTrader 4 (MT4) platform, Build 1421 or higher
• Sufficient account balance (minimum recommended deposit varies based on risk level)

The EA uses autolot calculation based on USD, but it can be adjusted for other currency bases. It’s crucial to modify the autolot risk level according to your account’s base currency exchange rate if it’s not USD.

Recommended Trading Sets

Hunting Cat Scalper EA offers two distinct strategies derived from the same EA:

Set A

• Currency Pair: USDJPY (main)
• Timeframe: M30
• Lotsize per 0.01 lot:
  • Low risk: 350
  • Moderate risk: 250
  • High risk: 150

Set B

• Currency Pair: USDJPY
• Timeframe: H1 & H4
• Lotsize per 0.01 lot (manual lot recommended):
  • Low risk: 550
  • Moderate risk: 400
  • High risk: 250

Set C

• Currency Pair: USDJPY
• Timeframe: H1 & H4
• Lotsize per 0.01 lot: 50

It’s recommended to run Set A and Set B in separate accounts for optimal performance.

How to Set Up Hunting Cat Scalper EA

1. Download the EA onto your MT4 terminal.
2. Obtain additional set files from the #1 comment in the “Comment” section of the official page.
3. Open the chart for USDJPY with the appropriate timeframe.
4. Drag the EA onto the chart and load the corresponding set files.
5. Adjust lotsize settings and risk level according to your preferences.
6. Enable autotrading in your MT4 platform.

For detailed instructions on input parameters and setup, refer to the manual provided in the official blog.

Risk Management and Best Practices

While Hunting Cat Scalper EA is a powerful tool, it’s essential to approach trading with caution:

1. Start with a Demo Account: Familiarize yourself with the EA’s mechanism using a demo account before risking real capital.
2. Choose Appropriate Risk Levels: Trade with an amount and risk level you’re comfortable with. The EA offers different risk settings to suit various trading styles.
3. Select a Suitable Broker: A good ECN broker with low spreads is crucial for the EA’s performance. Consult with the EA provider if you need broker recommendations.
4. Understand Backtesting Limitations: Remember that backtest results are based on historical data and don’t guarantee future performance or profits.
5. Regular Monitoring: While the EA is automated, it’s advisable to regularly monitor its performance and adjust settings if necessary.
6. Stay Informed: Keep up-to-date with any updates or recommendations from the EA provider to ensure optimal performance.

Conclusion

Hunting Cat Scalper EA v3.0 MT4 For Build 1421+ presents a sophisticated solution for traders looking to automate their Forex trading strategy, particularly in the USDJPY market. With its advanced features, proven performance, and focus on risk management, it offers a compelling option for both novice and experienced traders.

However, as with any trading system, it’s crucial to approach its use with careful consideration of your financial goals, risk tolerance, and overall trading strategy. By following best practices and maintaining a disciplined approach, Hunting Cat Scalper EA can be a valuable addition to your trading toolkit.

Ready to take your Forex trading to the next level? Contact the EA provider for more information on Hunting Cat Scalper EA and to discuss how it can fit into your trading strategy.