The Hunting Cat Scalper EA is a completely automated scalping tool designed for MetaTrader 4 platform, and is completely free to download. This scalper focuses on the USDJPY currency pair and utilizes a self-developed algorithm to identify potential breakout levels within specific price patterns. The Hunting Cat Scalper EA works by analyzing the market trends and patterns, and once it identifies a potential breakout, it opens trades in the direction of the breakout.
Hunting Cat Scalper Strategy
The Hunting Cat Scalper EA’s trading strategy is built around an algorithm that can identify potential breakout levels in specific price patterns. This approach allows the EA to capture market on rapid price movements in the forex market. Moreover, the EA’s coding logic is designed to operate with minimal compromise on trading quality. The Hunting Cat Scalper EA utilizes pending orders to minimize slippage during price breakouts. By placing pending orders, the EA executes the trades at the desired price level.
Hunting Cat Scalper Features
- The Hunting Cat Scalper EA uses a self-developed algorithm that can identify potential breakout levels in specific price patterns.
- This approach is particularly effective in capturing market trends and rapid price movements in the forex market.
- The EA’s coding logic is designed to maintain trading quality.
- Pending orders are used to minimize slippage during price breakouts.
- The Hunting Cat Scalper EA does not employ strategies such as grid or martingale.
- Strict stop loss is placed on every order.
Hunting Cat Scalper Settings
- _ //—-General Setting—-//
- Magic_Number 707
- Open_order_Comment HuntingCat
- Max Slippage 49
- _______ //—-Entry Setting—-//
- Timeframe 4 hours
- Length High 16
- Length Low 16
- Traceback_Length_Multiplier 0.5
- Take_Profit_in_Points 150
- Stop Loss_in_Points 1500
- _______ //—-Trailing Stop—-//
- TrailingSL_Switch false
- SAR Period 5 minutes
- Increment Acceleration 0.02
- Max_Acceleration 0.2
- __ //—-Cancel Pending Orders—-//
- Cancel PendingsWeekly false
- Cancel_dayofweek Friday
- Cancel_Hour Weekly 23
- Cancel PendingsMonthly false
- Cancel_dayofmonth 14
- Cancel_Hour Monthly 23
- _____ //—-Lotsize Setting—-//
- Lotsize_Control By_Account_Balance
- Manual_Lotsize 0.01
- Balance_or_Equity_every_001Lot 250
- __ //—-Time Setting—-//
- Broker GMT_Winter 2
- ___ Hour Count by Broker Server Time
- Sunday_Starthour 0
- Sunday Stophour 24
- Monday_Starthour 0
- Monday_Stophour 24
- Tuesday Starthour 0
- Tuesday_Stophour 24
- Wednesday_Starthour 0
- Wednesday_Stophour 24
- Thursday_Starthour 0
- Thursday_Stophour 24
- Friday_Starthour 0
- Friday_Stophour 24
- Saturday_Starthour 0
- Saturday_Stophour 24
Hunting Cat Scalper Summary
Overall, The Hunting Cat Scalper EA is an automated scalping tool which focuses on the USDJPY currency pair and uses a self-developed algorithm to identify potential breakout levels within specific price patterns. This unique approach enables the EA to capture market trends and reacts on rapid price movements in the forex market. Furthermore, the Hunting Cat Scalper EA uses pending orders to minimize slippage during price breakouts.
However, it is important to note that there is no guarantee with any trading tool, including the Hunting Cat Scalper EA. Therefore, it is recommended to test the EA on a demo account before using it with real money. This allows traders to assess the EA’s performance and evaluate its suitability for their trading style and risk appetite.
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