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Hunting Cat Scalper is an MT4 expert advisor that looks for breakout levels in recurring price patterns, mainly on USDJPY. It places pending orders with a stop loss on each trade and runs on a hedging account.
Get one message the moment it launches, with its price.
Hunting Cat Scalper is a fully automated expert advisor for MetaTrader 4. It is designed mainly for USDJPY and aims to trade breakouts from price levels that form inside certain recurring chart patterns.
The expert advisor scans price action for areas where the market may break out of a pattern. When it finds one, it places pending orders around the level instead of entering at market. Pending orders can help reduce slippage, because the entry price is fixed in advance and the broker fills it only if price reaches it. Each order carries a stop loss, so no position is left without a defined exit.
The same program offers more than one way of trading. One configuration works on the M30 chart. Others run on H1 and H4, and one of these uses a calculated hedging mechanism, which is why a hedging account is required. A further configuration uses a trailing stop. Check the author's manual for exactly how each one manages open positions before you choose.
Because the logic depends on spread and fill quality, a low-spread raw ECN account is the sensible choice. Wide spreads or delayed execution can change results noticeably.
Lot sizing can be automatic or manual. The automatic calculation is based on USD, so owners of accounts in other currencies should adjust the risk input to match the exchange rate. The author supplies set files for each configuration and a manual covering the input parameters. Confirm the current files with the author, because exact values are not listed here.
| Item | What to check |
|---|---|
| Set file | Match it to the chart and timeframe |
| Lot size or risk level | Choose according to your balance and tolerance for drawdown |
| Account type | Hedging, low-spread ECN |
| Broker time and spread | Compare against the author's guidance |
A breakout system can suffer a series of losing trades, particularly in ranging or erratic markets. Test on a demo account first, and risk only an amount you can afford to lose.
Trading carries risk, and past results, including backtests, do not predict future ones. Nothing here is a promise of profit.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Scalping, Signals, Grid, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (fully automated) |
| Main market | USDJPY |
| Timeframes | M30, H1 and H4, depending on the configuration |
| Trade style | Breakout entries with pending orders, scalping-type holding times |
| Account type | Hedging account |
| Broker | Low-spread raw ECN account recommended |
| Lot sizing | Automatic lot calculation or manual lots |
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No. This is an MT4 expert advisor and it will not load in MetaTrader 5. Check that your terminal is MetaTrader 4 before you buy.
It needs a hedging account, because some configurations can hold opposite positions at the same time. A low-spread raw ECN account is also advised, since a scalping-type system is sensitive to spread and execution quality. Confirm both with your broker.
USDJPY is the main pair. The M30 chart suits one configuration, while H1 and H4 suit the others. Load the matching set file for the chart you attach it to, and do not mix them on one chart.
The author supplies set files and a manual describing the input parameters. Ask the author for the current files and read the manual before you go live, because defaults may not suit your broker or risk level.
There is no single figure. The suitable balance depends on the lot size and risk level you choose. Test on a demo account first and size your lots so that a losing run would not hurt you.
Yes, but the automatic lot calculation is based on USD. If your account uses another currency, adjust the risk setting for the exchange rate, or use manual lots.
Hunting Cat Scalper
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