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Golden Hunter MT4

4.88

MT5 Version

Golden Hunter has been developed for traders who trade manually in the markets. It is a very powerful tool consisting of 3 different indicators:

  1. Powerful entry strategy: Formed by an indicator that measures the volatility of the currency pair and identifies the market trend.
  2. LSMA: Smoothes the price data and is useful to detect the short term trend.
  3. Heikin Ashi: Once the indicator is attached to the chart, the Japanese candlesticks will change to Heikin Ashi candlesticks. This type of candlestick smoothes the price information, which allows solid trends to be detected.


Features

No repainting
This indicator does not change its values when new data arrives
Trading pairs
Pairs with very low spreads and which are volatile (EURUSD, GBPUSD, BTCUSD...). It is not recommended to use range pairs
Time period
M5
Trading time
It is preferable to trade during daylight hours when there is more movement in the markets and spreads are kept low


Requirements

It is mandatory to use an ECN broker with tight spreads for scalping positions.


How to install

Attach the indicator to the preferred trading pair (Time Period M5).


Configuration

The default setting is the most effective I have found for 5 minute time frames.

You can use a setting that best suits your trading mode.


How to use it

It is very simple to use (explained in pictures): The indicator will show buy and sell signals as the price moves.
  1. A buy position should only be opened when the signal (arrow) is above the white line. 
  2. A sell position should only be opened when the signal (arrow) is below the white line.
When to close the trade: Two methods can be used.
  1. When the candles cross the white line.
  2. Using an extra indicator that draws supports and resistances, closing the trade when both supports and resistances are reached. (In a future update I will try to add this functionality to the indicator).

Warnings

I only sell my EA's on MQL5.com. If someone contacts you to sell you my EA's, then they are scammers who only want your money.

Also if you buy my EA's from an external website, I assure you that they will be fake versions and will not work the same as the originals.


Reviews 15
ree499391
34
ree499391 2025.01.05 02:55 
 

thank you very much !

everwelwisher
81
everwelwisher 2024.10.25 03:30 
 

Very nice and easy to use indicator. but i have one concern, it shows the Signal Arrow for buy and sell very very late, motsly it misses the big moves, and misses the arrows. but when it shows ,,, it appears very late on the chart.

lauro1956
5577
lauro1956 2023.02.20 11:12 
 

Buenos dias Sr. Arana Buen indicador, ya se que usted recomienda M5... pero veo que tampoco es mala opcion H1

Aunque usted no lo esté recomendando de esta forma.... me podría por favor dar una hipotética configuración para H1... sin que sirva de precedente.

Muchas gracias

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mulong316
25
mulong316 2025.04.18 14:15 
 

您好,我对您在MQL4市场发布的[指标名称]非常感兴趣, 希望能学习其实现逻辑。请问是否提供付费/免费的源码授权?

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2025.04.18 14:19
Hello, I wrote to you privately
Tim Marco Talarowski
217
Tim Marco Talarowski 2025.03.18 12:15 
 

this indicator is hanging too much,meta4 always frozen !

edit: yes it was an issue of meta4

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2025.03.18 14:05
This is a problem with your MT4, contact me on private if you need help
Evgeny Belyaev
89953
Evgeny Belyaev 2025.01.20 22:14 
 

User didn't leave any comment to the rating

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2025.01.21 08:14
thank you Evgeny !!!
ree499391
34
ree499391 2025.01.05 02:55 
 

thank you very much !

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2025.01.21 08:14
thank you !
merky16
294
merky16 2024.12.16 12:15 
 

Buen indicador, gracias por su trabajo

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2025.01.21 08:14
thank you !
[Deleted] 2024.11.04 08:22 
 

User didn't leave any comment to the rating

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2025.01.21 08:14
thank you !
[Deleted] 2024.11.02 00:49 
 

User didn't leave any comment to the rating

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2025.01.21 08:14
thank you !
everwelwisher
81
everwelwisher 2024.10.25 03:30 
 

Very nice and easy to use indicator. but i have one concern, it shows the Signal Arrow for buy and sell very very late, motsly it misses the big moves, and misses the arrows. but when it shows ,,, it appears very late on the chart.

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2025.01.21 08:14
thank you!
philippe germain
2799
philippe germain 2024.10.12 20:52 
 

User didn't leave any comment to the rating

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2024.10.12 21:21
Thank you philippe enjoy !
Brettfau77
312
Brettfau77 2023.02.21 12:41 
 

User didn't leave any comment to the rating

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2023.02.21 14:00
I respect your opinion, for one thing, there are other people who have found it to work. Give it time and you will see positive results.
lauro1956
5577
lauro1956 2023.02.20 11:12 
 

Buenos dias Sr. Arana Buen indicador, ya se que usted recomienda M5... pero veo que tampoco es mala opcion H1

Aunque usted no lo esté recomendando de esta forma.... me podría por favor dar una hipotética configuración para H1... sin que sirva de precedente.

Muchas gracias

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2023.02.20 11:35
Hola lauro muchas gracias por tu buena opinión, te he escrito un mensaje
Stanislav Melnikov
748
Stanislav Melnikov 2023.02.12 20:33 
 

Quite a working tool.thanks to the author

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2024.02.17 12:03
thank you very much !
feichkop
54
feichkop 2023.02.10 20:32 
 

This is an amazing indicator, awesome results so far, hopefully it continues.

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2023.02.11 21:15
Thank you so much for your good review :)
Natali Vandros
602
Natali Vandros 2023.01.20 20:12 
 

User didn't leave any comment to the rating

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2023.01.21 10:18
Thanks Natalija for your good review :)
crisg
94
crisg 2023.01.16 15:54 
 

User didn't leave any comment to the rating

Rodrigo Arana Garcia
68091
Reply from developer Rodrigo Arana Garcia 2023.01.16 17:04
Thanks, enjoy the product :)
Reply to review
Version 1.20 2025.04.09
Push notifications have been added
Version 1.10 2023.02.24
A new alert function has been added at the request of a customer to the indicator. Now each alert will show the symbol from which it originates.