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Hunting Cat EA is a grid-based expert advisor for MetaTrader 4 that opens baskets of orders at set distances, with a trend-following or reversal mode and an optional drawdown reduction routine. It is a multi-order strategy and carries real risk.
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Hunting Cat EA is an expert advisor for MetaTrader 4 that trades with a grid of orders. It opens a group of positions at set price distances, closes the group at a take profit target, and offers a drawdown reduction routine for cases where the grid becomes deep.
The EA places orders at intervals measured in points. Each new order in a group can be larger than the last, depending on the lot multiplier you choose, and the whole group is managed together with a shared take profit. A maximum order count limits how many positions can be open in one group.
A single setting decides the direction of the logic. With counter-trend trading turned off, the EA follows the prevailing market direction. With it turned on, the EA looks for reversal prices instead. The two modes behave differently, so test each one separately before choosing.
Once the group reaches a chosen number of orders, the EA can start a routine that uses extra profit to reduce the open drawdown. This can help in some conditions, but it does not remove the exposure of a deep grid. The EA may also wait for better conditions when the minimum grid distance is not met.
The strategy is not tied to one timeframe, and it can be attached to different symbols. Higher timeframes usually produce fewer and wider grid steps, which many users find easier to manage. Spreads, swaps and contract specifications differ by broker and instrument, so test the exact symbol on your own account type. Swap can be positive or negative depending on the direction and the broker, so check it before holding positions for long periods.
| Input | Purpose |
|---|---|
| Magic number | Lets the EA recognise its own orders |
| Trade counter trend | Off follows the trend, on trades reversals |
| Initial lot | Size of the first order in a group |
| Lot multiplier | Factor applied to each new order |
| Maximum lot size | Upper limit for new orders |
| Distance (points) | Minimum grid spacing |
| TP (points) | Take profit for the group |
| Max number orders | Cap on open orders in a group |
| Orders to start drawdown reduction | Order count that activates the routine |
| Profit for drawdown reduction | Extra profit used when reducing |
| Show profits and label colour | Chart labels for closed trades |
No default values are given here. Check the inputs shown in the EA window and set them to suit your account size and symbol.
Grid systems with increasing lot sizes can accumulate large floating losses in a persistent trend. Work out your worst case before going live: the combination of initial lot, multiplier, distance and maximum orders determines how much exposure the group can reach.
Trading carries risk, and you can lose some or all of your capital. Past results, including any backtest, do not predict future ones. Test on a demo account first and only trade amounts you can afford to lose.
For continuous operation, many users run the terminal on a VPS so that open grids are managed without interruption.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Strategy focus | Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (Experts folder) |
| Strategy | Grid with trend or counter-trend mode |
| Markets | Forex pairs; other symbols possible, test on your broker first |
| Timeframes | Any; higher timeframes are generally gentler on the grid |
| Position sizing | Initial lot, lot multiplier and maximum lot size |
| Risk controls | Maximum order count and drawdown reduction routine |
| Requirements | Algo trading enabled; a stable connection or VPS is advisable |
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This listing is for MetaTrader 4 only. The expert advisor is built for MT4 and will not load on MetaTrader 5. If you use MT5, look for a separate MT5 product instead of trying to convert this one.
Open MT4, choose File, then Open Data Folder, and go to MQL4, then Experts. Copy the expert advisor file there, restart MT4 or refresh the Navigator, and drag the EA onto a chart. Make sure Algo Trading is switched on and that automated trading is allowed in the EA properties.
There is no single correct set. Begin on a demo account with a small initial lot, a modest lot multiplier and a low maximum number of orders, then adjust grid distance and take profit to the symbol you trade. Check the input descriptions in the EA window and test on your own broker's data before using real money.
It is designed to be flexible, but spreads, swaps, contract sizes and minimum lot rules differ between brokers and instruments. Test the symbol you plan to use on a demo account with the same broker, and confirm that lot steps and stop levels suit the settings you choose.
No strategy is safe by default. A grid with a lot multiplier can build large positions during a strong one-way move, and drawdown can grow quickly. Use the order cap, size your lots to your account, and remember that trading carries risk and past results do not predict future ones.
Updates depend on what is published for the product in your store account. Check your downloads page for the latest file and reinstall it in the Experts folder when a newer file is available, keeping a copy of your settings.
Hunting Cat EA
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