Panther Trader Pro EA

The Panther Trader Pro EA is a trading robot which uses trend-following strategy that primarily trades during the Asian session. The EA has been submitted to stress tests for 17 years, as claimed, and has passed each year with a favorable profit/drawdown ratio. It analyzes the market without the use of outdated indicators and patterns, searching for the main trend, entering the market based on volatility, and employing an artificial intelligence algorithm to forecast the probable future trend.

In this article, I will be taking a look at how Panther Trader Pro EA works. Hopefully, that will help you to decide if this is a trading robot that you would consider using on your trading account.

Following Trends with Panther Trader Pro EA

Implementing a trend-following strategy means making investment decisions based on the direction of a particular trend in the market. This strategy is commonly used in technical analysis, where investors and traders use past price and volume data to identify patterns and trends in the market. The Panther Trader Pro EA utilizes this strategy to execute trades automatically for the traders/investors.

A trend-following strategy involves buying assets or securities that are trending upwards and selling assets or securities that are trending downwards. The goal is to ride the trend and profit from the momentum of the market.

Panther Trader Pro EA
Panther Trader Pro EA

Panther Trader Pro EA Settings

  • Lot: Lot amount with autolot disabled.
  • Autolot: Enable autolot or disable it.
  • Risk: Risk for autolot calculation.
  • Magic Number: ID for identify EA orders.
  • Spread Allowed: Spread limit, over no trade will be open.
  • Momentum Period: MA Periods for Momentum Indicator.
  • Momentum Price: Applied Price for Momentum Indicator.
  • Momentum Timeframe: Timeframe for Momentum Indicator.
  • Momentum Limit Value: Momentum EA limit value for entry at market.
  • Monday: Enable trading on this Day.
  • Tuesday: Enable trading on this Day.
  • Wednesday: Enable trading on this Day.
  • Thursday: Enable trading on this Day.
  • Friday: Enable trading on this Day.
  • Saturday: Enable trading on this Day.
  • Sunday: Enable trading on this Day.
  • Enable Buy: Enable Buy Trade.
  • Enable Sell: Enable Sell Trade.
  • One trade for one bar: Only one trade for each bar.
  • Order Timeframe: Timeframe for EA First order.
  • Max Orders: Maximum number of orders.
  • Coeff Sum: Position increase coeff.
  • Minimum Distance: Minimum Distance for Secondary Positions.
  • One Trade Bar Grid: If true, robot can open only one trade for bar for grid orders.
  • Timeframe Secondary Order: Timeframe for secondary Trades.
  • Take Profit: Take profit for orders.
  • Modify Take Profit for First Order: Use a different take profit for the first order.
  • Take Profit for first order: Take profit for first order.
  • Close only end of bar: Close trades only at the end of M1 bar.
  • Enable Money Max Loss: Enable Loss Limit in money.
  • Every Microlot: Multiply the amount of “money max loss” x 100 x lot.
  • Stop Trading When Hit: Stop Trading when you hit max loss.
  • Maximum Monetary loss: Maximum Monetary Loss amount.
  • Close Friday: Close all trades on Friday, only if they are in profit, and do not open any others.
  • Close Friday Hour: Closing time on Friday.
  • Trade Comment: Trades comments.
  • Broker UTC: Broker UTC time (usually 2).
  • Enable News Filter: Switch to false to disable news filter or to true to enable it.

Conclusion

Panther Trader Pro EA could be a beneficial trading robot for traders who love to ride trends. The developer of this forex robot has also shared some backtests for you to get an idea of how the Panther Trader Pro EA has performed over recent years through different market conditions.


It is important, however, to note that past performance does not guarantee good future results. Therefore, I would only test the Panther Trader Pro EA on a demo account using a trial version to begin with. This would allow me to get a feel for how it works and see if it fits within my own trading style.

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