AF Gold Hunter Pro

The AF Gold Hunter Pro is an Expert Advisor (EA) that has been specifically designed to cater to the unique characteristics of trading gold (XAUUSD) on the popular MetaTrader 4 platform. This EA utilizes advanced algorithms and sophisticated trading strategies to provide traders with a tool for trading gold in the dynamic and fast-paced forex market.

We’ll delve into the features, strategies, and performance of the AF Gold Hunter Pro, providing you with the necessary information to make an informed decision on whether this EA is suitable for your trading needs.

AF Gold Hunter Pro Strategy

The AF Gold Hunter Pro is an expert advisor (EA) designed for trading XAUUSD, which is the trading pair for gold, using a day scalping strategy. It operates on the MetaTrader 4 platform and has a time frame of H1 (1-hour chart). The EA has a news filter feature that automatically disables trading 20 minutes before a news release and enables it again 20 minutes after the news. This allows the EA to analyze technical and fundamental news for trading decisions. A demo account is available for users to test the EA before using it in a live trading environment.

AF Gold Hunter Pro
AF Gold Hunter Pro

The AF Gold Hunter Pro specializes in day scalping, which is a trading strategy that aims to take advantage of short-term price movements and generate small profits on a frequent basis. Scalping typically involves using technical indicators and analyzing price patterns to identify entry and exit points quickly. As it is designed for day scalping on a 1-hour chart, it may execute multiple trades within a day to capitalize on short-term price fluctuations. The AF Gold Hunter Pro is optimized for trading with an ECN broker with low spreads, such as IC Markets, which indicates its preference for tight spreads and fast execution.

One of the limitations of the AF Gold Hunter Pro is its reliance on a scalping strategy. While this strategy can be effective in a volatile market like gold, it also carries inherent risks. Scalping strategies require precise timing and accuracy and may be more susceptible to slippage and spread costs. Additionally, scalping strategies may not be suitable for traders who prefer longer-term trading approaches or have a lower risk tolerance, as they can involve frequent trading and potentially higher transaction costs. It’s important for traders to carefully consider their trading style and risk tolerance before utilizing the AF Gold Hunter Pro, as its scalping strategy may not align with everyone’s trading preferences.

It is important to demo-test the AF Gold Hunter Pro thoroughly before using it in a live trading environment to understand its performance and risk management features. As with any trading strategy, it is recommended to practice proper risk management and closely monitor the EA’s performance to ensure it aligns with your trading goals and risk tolerance.

AF Gold Hunter Pro Features

  • Trading pair: XAUUSD (gold)
  • Trading type: Day scalping
  • Time frame: H1 (1-hour chart)
  • Platform: MetaTrader 4
  • News filter
  • Technical and fundamental news analysis
  • Demo account available
  • Optimized for ECN Brokers with Low Spread, e.g., IC Markets
  • Specializes in day scalping strategy for short-term price movements
  • Multiple trades per day
  • Risk management
  • Designed for use in a live trading environment with real funds after thorough demo testing.

AF Gold Hunter Pro Settings

  • Lot for Balance: Adjusts the lot size based on the account balance.
  • Balance: Displays the current account balance.
  • Fix Lot (if 0 then Auto): Allows manual setting of a fixed lot size, or automatically adjusts lot size based on other settings.
  • Number of Opened Deals: Sets the maximum number of allowed open trades.
  • Time to Start Hour: Specifies the starting hour for trading.
  • Time to Finish Hour: Specifies the ending hour for trading.
  • Comments: Allows adding comments or notes to trades for identification.
  • Magic: Assigns a unique identifier (magic number) to trades for tracking purposes.
  • Open Opposite Deals: Enables or disables the ability to open opposite trades (e.g., buy and sell) simultaneously.
  • MaxSpread: Sets the maximum allowable spread for trade execution.
  • Close At Friday: Specifies if trades should be closed on Fridays.
  • Close At Friday Hour: Sets the closing hour for trades on Fridays.
  • Trailing On Off: Activates or deactivates the trailing stop feature.
  • Trailing Start: Sets the initial trailing stop value.
  • Trailing From: Sets the price level from which the trailing stop will start.
  • Trailing Step: Sets the increment for trailing stop movement.
  • Use Breakeven: Enables or disables the breakeven feature.
  • BE activity: Sets the breakeven activation condition.
  • BE Pips: Specifies the number of pips for the breakeven level.
  • Take Profit: Sets the desired profit target for trades.
  • Stoploss: Sets the maximum allowable loss (in pips) for trades.

AF Gold Hunter Pro Summary

The AF Gold Hunter Pro is an expert advisor (EA) specifically designed for trading gold (XAUUSD) on the MetaTrader 4 platform. It features a day scalping strategy, a news filter, and technical and fundamental analysis capabilities. The EA offers flexibility in adjusting lot size, trade management, trailing stops, and breakeven features, providing traders with control over their risk exposure and profit targets.

It’s important to note that the AF Gold Hunter Pro, like any trading system, has weaknesses. Scalping involves frequent and rapid trading, which can result in increased transaction costs due to spreads and commissions. The EA is also sensitive to slippage as it aims to capture small price movements within short time frames. Additionally, the fast-paced nature of scalping can lead to increased market exposure and potential losses during periods of high market volatility or rapid price movements.

Demo testing is recommended before using the AF Gold Hunter Pro in a live trading account. This allows traders to assess the performance of the EA in a simulated environment and apply good risk management settings, such as appropriate lot sizes and stop loss levels, to mitigate potential losses.


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