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Golden Hunter MT5

4.82

 MT4 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 14
gimboo
24
gimboo 2025.04.21 03:36 
 

Very good indicator, thanks

Ed_ Edward
162
Ed_ Edward 2025.04.14 13:02 
 

great indicator for free

Gordon888
50
Gordon888 2025.03.28 02:40 
 

Very good indicator. It gives me confidence to enter trades. Could you please add push notifications to mobile , I will gladly pay for an updated version.Thank you for creating this wonderful indicator. Well done!

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FourAverage is a new word in trend detection. With the development of information technology and a large number of participants, financial markets are becoming less amenable to analysis by outdated indicators. Conventional technical analysis tools, such as a Moving Average or Stochastic, in their pure form are not able to determine the direction of a trend or its reversal. Can one indicator indicate the correct direction of the future price, without changing its parameters, based on the history
Basic Harmonic Patterns Dashboard MT5
Mehran Sepah Mansoor
4.22 (9)
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This dashboard shows the latest available   harmonic patterns   for the selected symbols, so you will save time and be more efficient /   MT4 version . Free Indicator:   Basic Harmonic Pattern Comparison of "Basic Harmonic Pattern" vs. "Basic Harmonic Patterns Dashboard" Indicators Feature Basic Harmonic Pattern Basic Harmonic Patterns Dashboard Functionality Detects and displays harmonic patterns on a single chart Searches multiple symbols and timeframes for harmonic patterns, displays res
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Issam Kassas
3.92 (12)
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Gold Trend 5
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3.5 (2)
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Gold Trend - this is a good stock technical indicator. The indicator algorithm analyzes the price movement of an asset and reflects volatility and potential entry zones. The best indicator signals: For SELL = red histogram + red SHORT pointer + yellow signal arrow in the same direction. For BUY = blue histogram + blue LONG pointer + aqua signal arrow in the same direction. Benefits of the indicator: The indicator produces signals with high accuracy. A confirmed arrow signal can only be redrawn
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5 (4)
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Black Dragon indicator mt5
Ramil Minniakhmetov
4.84 (61)
Indicators
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5 (5)
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Filter:
gimboo
24
gimboo 2025.04.21 03:36 
 

Very good indicator, thanks

Rodrigo Arana Garcia
67099
Reply from developer Rodrigo Arana Garcia 2025.04.21 05:27
Thank you!!
Ed_ Edward
162
Ed_ Edward 2025.04.14 13:02 
 

great indicator for free

Rodrigo Arana Garcia
67099
Reply from developer Rodrigo Arana Garcia 2025.04.14 13:48
thank u !!
1116975 GREENWOOD
35
1116975 GREENWOOD 2025.04.09 07:46 
 

User didn't leave any comment to the rating

Rodrigo Arana Garcia
67099
Reply from developer Rodrigo Arana Garcia 2025.04.09 08:45
Hello, thanks for your good review, I will add them in the next update ;)
Gordon888
50
Gordon888 2025.03.28 02:40 
 

Very good indicator. It gives me confidence to enter trades. Could you please add push notifications to mobile , I will gladly pay for an updated version.Thank you for creating this wonderful indicator. Well done!

Rodrigo Arana Garcia
67099
Reply from developer Rodrigo Arana Garcia 2025.03.28 06:40
Thank you!! In next updates it will be added
NPSTrader
17
NPSTrader 2025.03.25 12:53 
 

Very good indicator so far I´ve demoed it and it seem to be having a genuinly high success rate. And this developer actually responds to messages!!! :)

Rodrigo Arana Garcia
67099
Reply from developer Rodrigo Arana Garcia 2025.03.25 13:48
thank you for your nice review !
Laurent Marc Verdun
1172
Laurent Marc Verdun 2025.02.28 10:04 
 

Very good thanks you !

Rodrigo Arana Garcia
67099
Reply from developer Rodrigo Arana Garcia 2025.03.25 13:48
thank you for your nice review !
henner
16
henner 2025.02.10 12:57 
 

It is a very negative point that the indicator does not remember the individual settings. With every change in the trade it takes its default setting, which is very unpleasant

Long Li
182
Long Li 2024.10.23 09:05 
 

Hello, I like this indicator very much, thank you for your creation, because I can't keep staring at the computer, so I urgently need an email reminder function, and prompt its entry point and take profit point, can you please add, thank you.

Detleff Böhmer
2936
Detleff Böhmer 2024.10.17 09:19 
 

Ein ausgezeichneter Indikator für M5. Sehr gute Arbeit, danke.

Rodrigo Arana Garcia
67099
Reply from developer Rodrigo Arana Garcia 2024.10.17 10:14
Thank you for your good review !
Rafal Krzysztof Manuszewski
2327
Rafal Krzysztof Manuszewski 2024.10.05 16:45 
 

good

Rodrigo Arana Garcia
67099
Reply from developer Rodrigo Arana Garcia 2024.10.17 10:14
Thank you Rafal !
151823122
25
151823122 2024.08.16 09:16 
 

Very nice indicator, Thank you.

Rodrigo Arana Garcia
67099
Reply from developer Rodrigo Arana Garcia 2024.10.17 10:13
Thank you for your feedback !
mikicharm101
45
mikicharm101 2024.07.27 12:07 
 

User didn't leave any comment to the rating

Rodrigo Arana Garcia
67099
Reply from developer Rodrigo Arana Garcia 2024.10.17 10:13
Thanks, I will plan to update it
Grzegorz Miks
189
Grzegorz Miks 2024.07.03 19:55 
 

Very good product, works great with a grid bot under constant supervision. Works best with medium volume.

Rodrigo Arana Garcia
67099
Reply from developer Rodrigo Arana Garcia 2024.07.04 09:24
Thank you for your good review !!!
RKE
705
RKE 2023.01.21 04:31 
 

User didn't leave any comment to the rating

Rodrigo Arana Garcia
67099
Reply from developer Rodrigo Arana Garcia 2023.01.21 10:18
Thanks for support my products RKE, enjoy it :)
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.