Huckster EA – Free Download

Huckster EA is an automated trading system for MT4 designed to help traders execute price-action-based trades automatically in the forex market. This expert advisor is built on an algorithm that analyzes market trends and makes trades based on predefined rules.

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This expert advisor is easy to install and can be easily customized to suit your trading style depending on your risk tolerance.

This guide will explore how Huckster EA works in MT4 and discuss its key features.

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Huckster EA Strategy

Huckster EA is programmed to enter and exit trades based on predefined rules. These rules are based on the current market conditions and are designed to enter/exit trades based on overbought/oversold market conditions.

The EA applies Stochastics with a slow MA to determine the OB/OS market. It uses the same indicator to determine the stop loss level. The primary momentum signals are verified by Relative Strength Index (RSI).

Huckster EA for MT4
Huckster EA for MT4

Furthermore, it uses the Williams Percentage Range (WPR) to determine potential take-profit zones. Alternatively, you can use fixed TP and SL limits for scalping. You can activate its trailing stop feature for intraday trading to extend your profit probability on higher timeframes.

Huckster EA Features

  • Determines market momentums and stop levels using Stochastics and RSI.
  • Applies WPR indicator to project potential take profit zones.
  • Price Slippage and Max Spread Protection.
  • Several stop-loss and take-profit modes.
  • Highly customizable trade execution parameters.
  • Customizable trade limits.
  • Beginner-friendly.
  • E-mail alerts.

Huckster EA MT4 Settings

  • Use Auto Magic – Enable/disable automatic magic number generation.
  • Manual Magic – Set default magic number for the Huckster EA.
  • Signal Mail – Activate e-mail alerts on trading activities.
  • Each Tick Mode – Enable/disable each tick mode.
  • Lots – Default initial trading lot.
  • Slippage – Max price slippage for trade entry and exit.
  • Stop Loss Mode – Enable/disable automatic stop loss placement.
  • Stop Loss – Default stop loss limit compared to take profit target.
  • Take Profit Mode – Enable/disable automatic take profit projection.
  • Take Profit – Default take-profit target in pips.
  • Trailing Stop Mode – Enable/disable automatic trailing-stop activation.
  • Trailing Stop – Default trailing stop in pips.
  • Maximum Risk – Maximum risk percentage of the net account balance.
  • Decrease Factor – Input the decrease factor value.
  • Max Orders – Maximum number of active orders.
  • Emergency Stop Loss – Activate/deactivate the emergency stop loss features.
  • Stop on Slow Stoch – Set stop level based on the Stochastics indicator.
  • TP on WPR – Determine take-profit level based on Williams Percentage Range.
  • StochK – %K period of Stochastics.
  • StochD – %D period of Stochastics.
  • Stoch Slow – Slow Stochastics moving average period value.
  • Stoch MA Mode – The moving average calculation mode of Slow Stoch.
  • WPR Period – The Williams Percentage Range period.
  • RSI Period – Relative Strength Index period value.
  • Stoch OS – Oversold level for Stochastics.
  • Stoch OB – Overbought level for Stochastics.

Huckster EA Summary

The Huckster EA for MT4 is simple to install and highly customizable to meet your trading needs. However, it is essential to understand that forex EA’s are not a miracle solution for making profits in the forex market. It still requires proper risk management and a solid market understanding to succeed. With the right approach, Huckster EA can be a valuable tool for enhancing your trading performance.