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Th3Eng Panda Trader PRO is an MT4 expert advisor that opens scalping and swing-style trades on forex pairs, gold and other CFDs. It offers lot, risk percent, trailing and basket profit inputs. Trading carries risk.
Get one message the moment it launches, with its price.
Th3Eng Panda Trader PRO is an expert advisor for MetaTrader 4. It is designed to open trades automatically on forex pairs, gold and other CFDs, and it can be used for short-term scalping as well as slower swing-style entries.
The expert advisor opens an initial position and manages it with a take profit, an optional trailing stop and a basket profit target. Inputs for a lot multiplier and a basket value suggest that several positions can be open on a symbol at the same time. Review the behaviour of the multiplier in the strategy tester and on a demo account before you use real funds, because the number of open positions and the lot sizes affect your drawdown.
You can use a fixed initial lot, or switch on the money management option, where the lot is based on a risk percent value and the account balance. The developer gives the formula as risk multiplied by the account balance divided by 100,000. A separate factor input multiplies the lot value.
The developer suggests the H1 timeframe, and H4 is also mentioned. The pairs named as the best fit are:
Symbol names and contract specifications differ between brokers, so check them in your own terminal.
| Input | Purpose |
|---|---|
| Initial lot size | Lot size of the first position |
| Risk percent | Turns on percentage-based money management |
| Factor | Multiplier applied to the lot value |
| Take profit | Take profit of the first order, in pips |
| Trailing and trailing start | Trailing stop for the first position only, in pips |
| Basket profit | Closes all trades once a set profit in account currency is reached |
| Comment | Text label on the expert advisor's positions |
| Max slippage | Maximum slippage in points |
| Magic number | Identifier for the expert advisor's orders |
No default values are listed here. Open the inputs window after attaching the expert advisor and check each value against your account and symbol.
Trading carries risk, and past results do not predict future ones. Automated systems that add positions can build large drawdowns. Test on a demo account first and use only money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Gold or XAUUSD, Scalping |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Markets | Forex pairs and CFDs, including XAUUSD, US30 and oil |
| Timeframes | H1 suggested by the developer; H4 also mentioned |
| Trade style | Scalping and swing-style entries, several positions possible |
| Account | Standard, cent or micro accounts; lot step 0.01 |
| Spread | Developer advises spreads below 40 points |
| Other requirements | VPS recommended; developer suggests about 1,000 USD balance |
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No. This listing is the MT4 build and will not run on MetaTrader 5. Check that your terminal is MetaTrader 4 before you buy.
The developer suggests the H1 timeframe and names the GBP pairs, EURUSD, USDJPY, EURAUD, XAUUSD, US30 and oil as the best fit. H4 is also mentioned. Test any other symbol on your own broker data before running it live.
The developer states that a VPS is needed so that all positions can be opened. The expert advisor must be running whenever the market is open, so a stable, always-on connection is sensible.
The developer suggests a balance of about 1,000 USD, which can be on a standard, cent or micro account, and a spread below 40 points. Your broker must allow a 0.01 lot step. Confirm these points with your own broker, because conditions differ.
Extract the downloaded archive, copy the expert advisor file into the MQL4/Experts folder through File, Open Data Folder in MT4, then restart the terminal. Attach it to a chart and enable algorithmic trading.
No. Trading carries risk and past results do not predict future ones. Test on a demo account first and size positions you can afford to lose.
Th3Eng Panda trader PRO
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