Hunting Cat Scalper Manual and Details

Hunting Cat Scalper is a fully automated trading robot on mainly USDJPY. It well identifies potential breakout levels in certain price patterns and then trades along with the breakouts. 

Features

• Self-developed algorithm that identifies potential breakout levels
• Especially effective in certain price patterns 
• Unique coding logic that allows minimal compromise on trading quality even in high ping environment 
• Calculated hedging mechanism (Set B) that maintains margin load and drawdown in a reasonable level 
• Pending orders are used to minimize slippage during price breakouts 
• No risky strategies such as grid or martingale is used
• Strict stoploss is placed on every order 
• Survived long term backtest with historical tick data of 99.9% modality 
• Genuine backtest results with gradual growth curve instead of super steep curve like the manipulated backtest of other market EAs

Requirements 

• Hedging account 
• Low spread raw ECN broker 
• Currency base: no limit (Autolot calculation is based on USD, adjust autolot risk level according to the exchange rate if you use other currency)
• Minimum recommended deposit: Depends on your risk level (see below)

Recommended Sets

• Two very different strategies are derived from the same EA. Please run Set A & B in separate accounts. 
• Set A 
• Currency pairs: USDJPY(main), EURUSD, USDCAD
• Timeframe: M30 
• Settings: Message me for set files
• Take Profit in points: 300
• Stop Loss in points: 50 (Due to this TP/SL ratio, you will expect lower winrate and yet higher profit per winning trade)
• Lotsize per 0.01lot: (Manual lot is safer in general)
• Conservative-350; Moderate-250; Aggressive-150 (If only running USDJPY)
• Conservative-550; Moderate-400; Aggressive-250 (Multicurrency)
• Set B 
• Currency pair: USDJPY
• Timeframe: H1 & H4
• Settings: Message me for set files  
• Lotsize per 0.01lot: (Set B trading strategy does not flavor autolot, please use manual lot)
• Conservative-550; Moderate-400; Aggresive-250

• Set C 
• Currency pair: USDJPY
• Timeframe: Message me for set files
• Settings: Message me for set files 
• Lotsize per 0.01lot: 50

Input parameters 

• Magic_Number: different sets can use the same magic number (if trailing stoploss switch is off)
• Max_slippage: max slippage for each pending order 
• TrailingSL_Switch: trailing stoploss in Parabolic SAR
• Cancel_PendingsWeekly: switch to cancel all pending orders
• Cancel_dayofweek: the day of week that the above function takes place 
• Cancel_Hour_Weekly: the hour that the above function takes place 
• Cancel_PendingsMonthly: a monthly switch that works the same as Cancel_PendingsWeekly
• Lotsize_Control: manual/autolot by balance/autolot by equity
• Broker_GMT_Winter: Your broker GMT in winter times (usually 2)
• xxxday_Starthour: the starting hour that new pending orders are allowed to be placed
• xxxday_Stophour: the last hour that new pending orders are allowed to be placed 

Setup 

1. Download the EA on your MT4/5 terminal 
2. Download the additional set files from the attached
3. Open the chart of the corresponding currency with the right timeframe 
4. Drag the EA onto the chart and load the corresponding set files 
5. Choose your own lotsize settings and risk level 
6. Allow autotrading 

Disclaimer 

• Backtest result is based on historical data which does not guarantee future performance and profit
• Live result and backtest are originated from its MT4 version. MT5 version is translated from the MT4 EA coding. Results may vary in some cases.
• Trade with an amount and a risk level you feel comfortable with. Start with a demo account to understand the EA mechanism first if you are unsure 
• A good ECN broker with low spread is essential.

Broker for good EA performance - ICMarkets: https://icmarkets.com/?camp=59354
Registration via the link and get free monthly VPS when you trade over 15lot a month~

VPS with low pings and good stablility - FXVM: https://fxvm.net/?aff=16162
Trade safe!