Print
Pinterest
Gmail
Email App
Log in or register to download unlimited Forex robots!
Stop Hunter EA
This EA is based on the strategy "Stop Hunting with the Big Players".
It sends BuyStop and SellStop orders at the given Distance from the round price targets.
the settings is given bellow..
Zeroes: the number of zeroes at the right of the price.
Distance: how far from the round price target should the order be placed.
The other settings are usual.
Stop_Hunter(1).mq4 15.84 kb, 61 downloads since 2014-10-08
Join the MT4talk Telegram channel: https://t.me/MT4talkchannel
Join the MT4talk Telegram group: https://t.me/+XcwLRi9oFOJhYjlk
Watch videos from the MT4talk YouTube channel.
https://www.youtube.com/@MT4talkForexForum/videos
Stop Hunter EA
https://mt4talk.com/viewtopic.php?pid=1681#p1681
The Stop Hunter EA outsmarting the big players in the market. This EA sends BuyStop and SellStop orders at specific distances from the current price. What's cool is that it keeps the TakeProfit and StopLoss hidden from your broker, so you can set them close to the spread.
How this EA works:
It looks at the current price and calculates the BuyStop and SellStop levels.
You can adjust the "Zeroes" to determine the precision of these levels.
If you have enough margin and the market conditions are right, it places these orders.
Once an order is triggered, it manages it with a hidden TakeProfit and StopLoss.
It can also handle partial closing of orders to lock in profits.
Adjustable Parameters:
Zeroes: Determines the precision of price levels. Higher values mean more decimal places are considered.
Suggested Setting: 2 (This works well for most currency pairs).
Distance: Defines the distance from the current price where BuyStop and SellStop orders are placed.
Suggested Setting: 15 (A good starting point, but you can adjust it based on your strategy and market conditions).
TakeProfit: Hidden TakeProfit value for orders. It's the level at which the EA will close a trade to capture profits.
Suggested Setting: 15 (Again, you can fine-tune this based on your risk tolerance and market analysis).
StopLoss: Hidden StopLoss value for orders. It's the level at which the EA will close a trade to limit losses.
Suggested Setting: 15 (Adjust it as needed to match your risk management plan).
LongOrders: Enable or disable BuyStop orders.
Suggested Setting: TRUE (Enable if you want to allow BuyStop orders; set to FALSE if you don't).
ShortOrders: Enable or disable SellStop orders.
Suggested Setting: TRUE (Enable if you want to allow SellStop orders; set to FALSE if you don't).
Risk_percent: The percentage of your free margin that you're willing to risk for each trade.
Suggested Setting: 5 (This is a moderate risk setting; adjust it based on your risk appetite).
minLots: The minimum lot size for your trades.
Suggested Setting: 0.1 (A common minimum lot size; adjust it according to your broker's requirements).
maxLots: The maximum lot size for your trades.
Suggested Setting: 30 (A reasonable maximum lot size; you can lower it for more conservative trading).
MaxBuyPos: Maximum number of Buy positions allowed simultaneously.
Suggested Setting: 1 (Limiting it to 1 means only one Buy position can be open at a time).
MaxSellPos: Maximum number of Sell positions allowed simultaneously.
Suggested Setting: 1 (Limiting it to 1 means only one Sell position can be open at a time).
magic: A unique identifier (like a secret code) for the EA's orders.
Suggested Setting: 3265 (You can choose any number you like, just ensure it's unique).
Its strategy is clear and cunning, helping you catch profitable trades while keeping your risk in check. Plus, you have the power to tailor it to your preferences with those adjustable parameters.
Profit posts by forum members!
Why don't many people post their daily winning results?
MT4talk PRO members can Turn off MT4talk daily winning result post requirements for $49.99 / month. More info...
Latest profit posts from the Trade Executor EA users.
By using the MT4talk website, you automatically agree to the Forum Rules & Terms of Use, as well as the terms below.
Everything you see on the MT4talk website is created by its users, mainly the members of the MT4talk forum.
What is MT4talk?
MT4talk is an online Forex forum with over 5000 Forex robots and over 3000 Forex indicators uploaded by forum members in the last 10 years, available to download from forum posts. The Uploaded file does not come with support.
The website doesn't sell Forex robots and doesn't provide support for the ones you download. MT4talk offers a PRO membership, allowing you to download unlimited files from forum posts. Even though the site usually doesn't provide support for downloaded Forex robots, if you're new to Forex and need help, you can buy the MT4talk dedicated support membership from the MT4talk forum. The MT4talk Dedicated support subscription is only available for purchase for MT4talk PRO members.
The MT4talk Team also provides an Artificial Intelligence Forex robot called "MT4talk Forex AI Signal - Trade Executor EA" to PRO members. However, this Forex robot is only a bonus and is not included in the original PRO membership.
Updates for the Forex robots may be limited or nonexistent, depending on the creator. If you choose to download any Forex robot or setting file from the forum, you acknowledge that you are using it at your own risk. MT4talk PRO membership is a digital product. Therefore, after you complete the PRO membership purchase, there is no refund available!
We are conducting real-life tests on Forex robots to assess their performance. For certain robots, we may use a demo account to conduct tests, and for other Forex robots, we may use a real Forex account. It's essential to recognize that we are not financial advisors and cannot provide investment guidance. Our objective is to discover effective market analysis solutions through testing various strategies, which could be beneficial to our community.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The website may have links to partner websites, and if you sign up and trade through these links, we will receive a commission. Our affiliate partners are FXOpen, FBS, LQDFX, and MyForexVPS.
Copyright MT4talk.com Forum Rules - Privacy Policy.