The realm of Forex trading has seen a significant surge in automated trading solutions, one of which is the well-known Hippo Trader Pro MT5. Expert Advisors (EA) such as this one are garnering attention for their efficiency, profitability, and user-friendly nature. This review delves into the functionality and features of this Forex EA to provide an unbiased evaluation.
Understanding the Mechanism
Hippo Trader Pro MT5 is a forex trading robot that functions by following the market trends. It primarily operates during the Asian and European sessions, aiming to capitalize on market volatility. This EA utilizes an innovative approach to analyze market trends without relying on outdated indicators or patterns. Instead, it uses an ATR (Average True Range) Filter and some Trend Pattern to predict future market trends.
Performance and Results
What sets the Hippo Trader Pro MT5 apart is its impressive performance in stress tests. The EA has been subjected to stress tests over a period of 17 years. Despite the challenging nature of these tests, this EA has consistently demonstrated advantageous profit and drawdown ratios annually.
Key Features
A notable feature of the Hippo Trader Pro MT5 is its compliance with the FIFO (First In, First Out) rule, ensuring international regulatory compliance. Additionally, this EA is specifically designed to work with the EURUSD pair on the M1 timeframe.
Another unique feature of this EA is its use of the Relative Vigor Index oscillator to identify market trends. This approach enables the EA to predict possible market movements based on the vigor or energy of the price. It is recommended to run a backtest from 2003 to the present to evaluate the EA’s performance accurately.
Customization and Settings
Users of the Hippo Trader Pro MT5 can customize various settings to suit their trading preferences. The EA allows you to adjust the lot amount, enable or disable autolot, and set the risk for autolot calculation. It also provides options to set the maximum allowable spread and the periods for the RVI oscillator and ATR indicator.
FAQs
What is the minimum deposit requirement?
It is suggested to have a minimum deposit of 1000 USD, but a deposit of 3k USD is recommended for optimal performance.
Are there any additional benefits of purchasing this EA?
Yes, upon purchasing the Hippo Trader Pro MT5, you are entitled to receive a free copy of another EA with all future updates included.
How is the market entry method?
The market entry method for this EA is the Market Order.
Is the Hippo Trader Pro MT5 tester method tick by tick?
Yes, the tester method is tick by tick which provides accurate backtesting results.
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