HFT Pro MT5

Overview of HFT Pro MT5

HFT Pro MT5 is a High-Frequency Trading (HFT) Expert Advisor (EA) designed for the MetaTrader 5 platform. It utilizes price action and a sophisticated management of pending orders with tight stop losses to achieve consistent equity growth. This EA is specifically tailored to help traders pass the evaluation stage of proprietary trading firms that allow the use of HFT.

Key Features

• Opens and closes trades within seconds.
• Advanced pending order and stop loss management.
• Maximum of 2 trades open at one time.
• Optional hedge logic: can follow price or trade both sides simultaneously for increased profit.
• Advanced money management function dynamically increases trade size to achieve profit targets faster.
• Tight stop loss resulting in low drawdown.
• Order Frequency modes: Reduced, High, and Extreme.
• Wide spread and slippage protection.
• Multiple alert and limiting functions, including a crucial time-limiting feature for HFT experts.
• News filter to avoid trading during high-impact news events.
• Interactive on-chart panel with buy and sell buttons for manual orders managed by HFT Pro.

Operational Insights

• Pairs: US30.
• Timeframe: M1.
• Minimum deposit: $100 - $1000, depending on the minimum lot of the pair.
• Recommended to use a lower ping rate for faster transaction editing; less than 20ms is ideal, and less than 2ms would be perfect.
• If using hedge set true, a hedge account type will be required.
• HFT Pro opens a lot of trades, so it is important to utilize the time limit function to avoid hyperactivity warnings from the broker.
• HFT strategies are not compatible with all funded account types or most standard broker live accounts.

Input Definitions

• Order Comment: Comment displayed on each trade taken.
• Magic Number: Number the EA uses to associate trades with itself. Change this if using the EA on two charts of the same pair.
• Show On Chart Comment: Displays information on the chart when set to true.
• Chart Panel Mode: 'Panel_' draws a moveable panel with information on the chart, 'Comment_' displays a comment on the left side of the screen.
• Panel Text: Color of the panel text.
• Sell Color: Color for sell panel.
• Buy Color: Color for buy panel.
• Text Size: Size of the panel text.
• Draw Line: Draws a line at the breakeven point for open trades when set to true.

Recommendations

• Use a VPS with a latency lower than 80ms for optimal performance.
• Timeframe: 1 Minute.
• Symbol: US30 (DJ30, WS30), GER30 (DE30), or other indices offered by your prop firm.
• This EA is not a martingale or grid system; it opens one trade at a time and closes each trade before opening another. Every trade includes a stop-loss setting.
• Designed for use in HFT prop firm evaluations and challenges, not tested for other types of challenges, funded prop firm accounts, or live/real broker accounts.

Special Considerations

• HFT Pro MT5 is not suitable for all types of accounts and may not work with most live accounts.
• It is crucial to use the time limit function to avoid broker warnings due to the high frequency of trades.
• Contact the author for setup advice and a free Expert Advisor after purchase.

Conclusion

HFT Pro MT5 is a robust and dynamic tool for traders aiming to pass prop firm evaluations using high-frequency trading strategies. With its advanced features and sophisticated management systems, it offers a unique approach to achieving consistent equity growth. However, it is essential to understand its limitations and ensure it is compatible with your trading environment. 🚀📈