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Hippo Trader Pro is an MT4 expert advisor that follows the trend on EURUSD M1, using the Relative Vigor Index and ATR volatility filters. It offers FIFO-related options, session controls and money-based loss limits.
Get one message the moment it launches, with its price.
Hippo Trader Pro is an expert advisor for MetaTrader 4 that trades with the prevailing trend on EURUSD, using the one-minute chart. It reads direction from the Relative Vigor Index and uses average true range (ATR) readings to judge whether volatility is high enough to enter.
The EA does not rely on a long list of classic indicators or chart patterns. It uses the Relative Vigor Index oscillator to identify the trend, then compares fast, slow and super slow ATR periods to decide whether the market is moving enough to justify a trade. Entries are placed as market orders. The developer describes it as most active during the Asian and European sessions.
The EA can open additional positions after the first one. Settings such as the maximum number of orders, a coefficient that scales position size, a minimum distance between positions and a one-trade-per-bar rule for grid orders control this behaviour. Adding to positions can increase exposure quickly, so these inputs deserve careful attention.
Take profit can be set for all orders, with a separate value for the first order if you choose. Trades can be closed only at the end of an M1 bar, and an optional closing routine runs on Friday at an hour you set. A money-based maximum loss can also stop trading when reached.
The list below is a summary of the main input groups. Check the default values in your own copy, since this page does not list exact numbers.
| Group | What it controls |
|---|---|
| Lot, Autolot, Sqrt lot, Risk | Fixed lot, automatic lot sizing, a more conservative square-root version, and the risk value used for autolot (not a percentage of capital) |
| Magic Number, Spread Allowed | Order identification and a spread limit above which no trade opens |
| RVI and ATR periods and timeframes | Trend and volatility filters |
| Fixed trading hours, weekdays, Friday close | When the EA may trade and when it closes |
| Enable Buy, Enable Sell, Buy and sell together | Direction control |
| FIFO closing, Max Orders, Coeff Sum, Minimum Distance | Order handling and secondary position rules |
| Take profit options | Targets for all orders and for the first order |
| Money max loss options | Loss limit in account currency and whether trading stops when it is hit |
| Panel, buttons, comments, chart colour | Display and labelling |
Trading carries risk and past results, including backtests, do not predict future ones. Strategies that add positions can produce large losses in strong, one-directional moves. Test on a demo account first, size positions to money you can afford to lose, and review the loss-limit settings before going live.
Before relying on it, run your own tick-based backtest on good quality data from your broker and watch it on a demo account for a while, since spreads, execution and rollover times differ between brokers.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Trend, Momentum, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Recommended symbol | EURUSD |
| Recommended timeframe | M1 |
| Trade style | Trend following with ATR filter and secondary (grid-style) orders |
| Order type | Market orders |
| Deposit guidance | Developer suggests 1,000 USD minimum, 3,000 USD preferred |
| Broker | Any MT4 broker; check spread and FIFO rules |
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No. This listing is the MetaTrader 4 build and will not load in MetaTrader 5. If you trade on MT5, look for the separate MT5 edition of the product rather than trying to use this one.
The developer recommends EURUSD on the M1 chart. The logic and default settings are tuned for that pairing, so using other symbols or timeframes would mean testing and adjusting inputs yourself, and results may differ a lot.
The EA includes a FIFO closing option and the developer states it can be made FIFO compliant with the appropriate settings. Check your broker's exact rules, then confirm the inputs on a demo account before going live.
The developer suggests a minimum deposit of around 1,000 USD, with about 3,000 USD preferred. Your own figure depends on lot size, the money loss limit, broker leverage and your tolerance for drawdown, so test on a demo account first.
In MT4 choose File, then Open Data Folder, and copy the expert file into MQL4/Experts. Restart the terminal or refresh the Navigator, drag the EA onto an EURUSD M1 chart and make sure Algo Trading is switched on and automated trading is allowed in the options.
The defaults are the starting point the developer recommends, and a set file may also be available for FIFO use. Review lot size, autolot, spread limit and the loss limit settings against your account size before running live.
Hippo Trader Pro
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