Hunt

Launch price: 199 USD. The price will increase after the first 10 copies.

Hunt is a trend-following Expert Advisor for XAUUSD (gold) with a grid recovery system.

How it works

The first order of each basket opens in the direction of the trend, defined by EMA 50 and EMA 200 on the H1 timeframe. If the price moves against the basket, the EA adds recovery orders at fixed distances. Lot sizes grow by a multiplier in three phases. The whole basket closes together when the total profit reaches the Basket TP in money.

Main features

• Trend filter: EMA 50 / EMA 200 on H1
• Three-phase recovery grid with separate distance and lot multiplier for each phase
• Basket Take Profit and Basket Stop in account currency
• Commission is included in the basket profit calculation
• Maximum lot per order
• Daily profit target: no new baskets after the target is reached
• Pause after a Basket Stop
• Time filter and news filter (MT5 economic calendar)
• Maximum spread filter
• Command HUD dashboard: grid ladder with real open prices, floating profit, drawdown, daily target and account values
• Works on hedging and netting accounts
• Gold quotes with 2 or 3 digits are handled automatically

Recommendations

• Symbol: XAUUSD (any broker suffix). The default settings are designed for gold.
• Account: hedging account is recommended.
• Use a VPS for continuous operation.
• Test the settings in the Strategy Tester and on a demo account before live trading.

Input parameters

All distances are in gold points. 1 point = 0.01 of the gold price.

General

• Magic Number: identifies the orders of this EA. Use a different number on each chart.
• Start lot: lot size of the first order.
• Max lot per order: largest lot for any single order (0 = off).
• Max spread for new basket: a new basket does not open when the spread is higher (0 = off).
• Max slippage: allowed price deviation for orders.

Recovery

• Recovery mode: Hunt 3-phase or DRAGON-B fixed table.
• Hunt-1 / Hunt-2 / Hunt-3 Steps: last order number of each phase (counted from the first recovery order). Maximum orders = Hunt-3 Steps + 1.
• Hunt-1 / Hunt-2 / Hunt-3 Force: lot multiplier for each new order in the phase.
• Hunt-1 / Hunt-2 / Hunt-3 Range: distance between orders in the phase.

Basket Exit

• Basket TP: closes the whole basket when its profit reaches this amount.
• Basket Stop: closes the whole basket when its loss reaches this amount (0 = off).
• Basket TP / Stop include commission: counts opening and estimated closing commission.

Daily and Safety

• Daily target: no new baskets after the closed profit of the day reaches this amount (0 = off).
• Pause after Stop: hours without new baskets after a Basket Stop (0 = off).

Time Filter

• Enable time filter, Start time, End time: new baskets open only inside this window (computer time). Open baskets are always managed.

News Filter

• Enable News Shield: no new baskets around economic news.
• High / Medium / Low impact news: which news levels to use.
• Stop before news / Resume after news: minutes before and after the news.
• News currency: currencies to watch, separated by commas (for example USD).

Chart

• Show dashboard, Show basket TP line, TP line color.
• Reset Max DD record on start: clears the stored maximum drawdown.

Risk warning

This EA uses a grid and lot multiplier (martingale) method. A long price move against the basket can create a large drawdown. Set Start lot, Max lot and Basket Stop according to your balance and risk tolerance. Past results do not guarantee future results.