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Golden Hunter MT5

5

 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 2
Grzegorz Miks
109
Grzegorz Miks 2024.07.03 19:55 
 

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

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Grzegorz Miks
109
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
44619
Reply from developer Rodrigo Arana Garcia 2024.07.04 09:24
Thank you for your good review !!!
RKE
675
RKE 2023.01.21 04:31 
 

User didn't leave any comment to the rating

Rodrigo Arana Garcia
44619
Reply from developer Rodrigo Arana Garcia 2023.01.21 10:18
Thanks for support my products RKE, enjoy it :)
Reply to review
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.