Hunting Cat Scalper

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.