Golden Hunter MT4

Overview of Golden Hunter MT4

• Name: Golden Hunter MT4
• Category: Indicators
• Price: FREE
• Published: 13 January 2023
• Last Updated: 24 February 2023
• Rating: 3.67 from 6 reviews

Key Features

• Powerful entry strategy assessing currency pair volatility and identifying market trends.
• Utilizes LSMA (Least Squares Moving Average) for detecting short-term trends.
• Incorporates Heikin Ashi candlesticks for smoother price movement visual representation.
• No repainting: Indicator values remain unchanged with new data.
• Ideal for trading pairs with low spreads like EURUSD, GBPUSD, and BTCUSD.
• Best performance on M5 timeframe during active market hours.

How to Install and Use

• Attach the indicator to your preferred trading pair on the M5 timeframe.
• Default settings are optimized for effective performance; customization is available.
• Open a buy position when a buy signal (arrow) is above the white line and sell when it’s below.
• Close trades when candlesticks cross the white line or based on additional support/resistance indicators.

User Feedback

• Golden Hunter MT4 has received mixed reviews, with a significant number of users appreciating its functionality but others remaining skeptical about its profitability.
• Users have highlighted the importance of market timing and proper setup for optimal results. ⚡️

Warnings and Advice

• The author warns against purchasing copies outside of MQL5.com, as such versions may be ineffective fakes.
• It's advised to use an ECN broker with tight spreads for scalping strategies. 🧐
• Remember, even powerful tools can lead to losses if not used correctly; practice patience and manage your risks. 😉