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High-Frequency Trading (HFT) has been a buzzword in the financial markets for quite some time. Its popularity arises from its potential to generate steady equity growth. However, for traders to fully leverage the benefits of HFT, they require a robust platform like the HFT Pro MT4. This trading software stands out in the crowded market of Forex trading tools.
Key Features
HFT Pro MT4 is a high-frequency trading expert advisor developed for traders aiming to pass the evaluation stage of prop firms. It employs advanced pending order and stop-loss management, limiting the number of trades open at any given time to two. An optional feature, the hedge logic, enables the system to follow price action or trade on both sides simultaneously, paving the way for higher profits.
The software is equipped with an advanced money management function that dynamically increases trade size to meet profit targets more quickly. Its tight stop loss feature ensures low drawdown, while the order frequency modes ranging from reduced, high, to extreme offer flexibility based on the trader’s preferences. The software also includes wide spread and slippage protection.
Interactive On-Chart Panel
Besides the automatic trading features, HFT Pro MT4 comes with an interactive on-chart panel complete with buy and sell buttons for manual orders. This feature allows traders to have more control over their trades, a crucial aspect especially for those new to high-frequency trading.
Compatibility with Prop Firms
One of the selling points of the HFT Pro MT4 is its compatibility with prop firms. This functionality is an asset for traders seeking to pass the evaluation stage of these firms. However, it’s important to note that the core strategy of HFT Pro MT4 may not work with most live accounts.
Input Definitions
HFT Pro MT4 incorporates a wide array of inputs. These include the Order Comment, which is a comment displayed on each trade taken, and the Magic Number, a unique identifier for the EA to associate trades with itself. There’s also the Show On Chart Comment, a feature that allows the display of information directly on the chart.
FAQs
What is the recommended minimum deposit for using HFT Pro MT4?
The recommended minimum deposit ranges from 100USD to 1000USD, depending on the minimum lot of the pair.
What is the ideal ping rate for HFT Pro MT4?
A lower ping rate allows for faster transaction editing. A ping rate lower than 20ms is ideal, and less than 2ms would be perfect.
Are HFT strategies compatible with all funded account types?
No, HFT strategies are not compatible with all funded account types or most standard broker live accounts.
For further information on the product, independent testing of HFT Pro MT4 can be observed on the forexroboteasy.com website. Subscriptions are available for updates on the results of testing this product. We invite readers to share their experiences of using HFT Pro MT4 in the comments below.
Please note that this is an independent product review and should be considered as such. The text is written in the third person and does not represent the views of the product developer.
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