FX Hunter EA: In-Depth Review & Free Download – Your Scalping Solution?

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If you’re a forex trader tired of the emotional rollercoaster of manual trading and looking for a hands-off solution, the FX Hunter EA (Expert Advisor) might be on your radar. This automated trading robot promises to simplify your forex journey, especially if you’re into scalping strategies. But as with any expert advisor, it’s important to go beyond the hype. In this in-depth review, I’ll break down everything you need to know about the FX Hunter EA – its features, pros, potential drawbacks, and how to get your hands on it for free (plus where to find reliable downloads). I’ve been trading forex for over 15 years, so I’ll cut through the marketing and give you the real deal.

What is the FX Hunter EA?

The FX Hunter EA is a forex robot designed specifically for scalping strategies. Scalping is a trading style that involves taking many small profits on very short-term price movements. To do this effectively, you need speed and precision – which is where an EA can come into play. The FX Hunter EA supposedly uses sophisticated algorithms and technical indicators to identify these small, fleeting profit opportunities in the forex market and execute trades automatically.

Key Features of the FX Hunter EA

  • Scalping focus: Designed explicitly for short-term scalping strategies.
  • Technical analysis: Relies on various technical indicators to signal potential trades.
  • Automated execution: Trades are executed without manual input, saving you time and potentially minimizing emotional trading errors.
  • Customization: You may have some control over parameters like risk levels and indicators used.
  • Compatibility: Typically designed to work with the popular MetaTrader 4 (MT4) platform.

How Does the FX Hunter EA Work?

The exact inner workings of proprietary EAs like the FX Hunter are often kept secret by the developers. This is both to protect their strategy and to prevent others from copying it. However, based on the general concept of scalping EAs, here’s what you can expect:

  1. Market Analysis: The EA likely scans the market using its built-in technical indicators, searching for specific patterns or signals that align with its scalping strategy.
  2. Trade Signal Generation: When the EA identifies a potential trade setup, it generates a trade signal.
  3. Automatic Trade Execution: Using the trade signal, the EA automatically opens and closes trades in your MT4 account based on your preset parameters.

Pros and Cons of the FX Hunter EA

Before jumping into using any forex EA, it’s crucial to weigh the potential benefits and drawbacks.

Pros

  • Removes emotion: EAs can help take the emotional element out of trading, potentially reducing impulsive decisions.
  • Speed and efficiency: EAs can analyze markets and execute orders much faster than any human can, allowing them to capitalize on even the tiniest market movements.
  • 24/7 operation: An EA can trade around the clock, even when you’re sleeping or busy with other commitments.

Cons

  • Cost: Many commercial EAs, including versions of the FX Hunter EA, come with a price tag.
  • Reliability: Not all EAs are created equal. Poorly designed ones can make losing trades and even drain your account.
  • Market shifts: Market conditions can change, causing an originally effective EA to become less profitable over time.
  • Monitoring required: Even the best EAs need oversight. You can’t completely set it and forget it.

Where to Find and Download the FX Hunter EA

There are a few ways to get your hands on the FX Hunter EA:

  • Developer’s website: If there’s an official developer, this is often the best place for the latest version and support.
  • Forex Marketplaces: Marketplaces like the MQL5 Market ([invalid URL removed]) feature a vast collection of EAs, including potentially the FX Hunter EA.
  • Forex Forums: Some forex trading forums have sections dedicated to EAs, where you might find download links or discussions about the FX Hunter EA.

FX Hunter EA Pricing and Options

Pricing for the FX Hunter EA can vary depending on where you find it and the type of license you choose. Here’s a breakdown of what you might encounter:

  • Free Downloads: Be extra cautious with these. While alluring, ‘free’ versions could be outdated, limited in features, cracked and potentially harmful, or just plain ineffective.
  • Demo Versions: These may be offered by the developer or on marketplaces, giving you a chance to test the EA in a simulated environment without risking real money.
  • One-Time Purchase: Some sellers provide the FX Hunter EA for a one-time fee, granting you lifetime access and potential updates.
  • Subscription-Based: You might find subscriptions offering access to the EA for a set period, often with recurring payments.

Important: Consider your budget and needs before committing to a purchase or subscription. Always factor in the potential risks of using an EA versus its promised rewards.

FAQs

Q1: Is the FX Hunter EA really profitable?

A: The profitability of any forex EA is never guaranteed. Market conditions are constantly changing, and an EA that performed well historically might become less effective in the future. Even the most well-designed EAs can experience losing periods. It’s essential to have realistic expectations and manage your risk.

Q2: Do I need any prior forex trading experience to use the FX Hunter EA?

A: While EAs automate trade execution, it’s highly recommended to have a basic understanding of forex trading concepts and the risks involved, You’ll need this knowledge to set appropriate parameters for the EA, monitor its performance, and intervene if necessary.

Q3: What are the best settings for the FX Hunter EA?

A: Unfortunately, there’s no one-size-fits-all answer. Optimal settings depend on factors like your chosen currency pairs, market conditions, and risk tolerance. Many EA providers offer recommended settings as a starting point. Always test in a demo environment before using real money and tailor settings to your preferences.

Q4: Does the FX Hunter EA work on all brokers?

A: The FX Hunter EA is likely designed for MT4 compatibility. Therefore, you’ll need to ensure your forex broker supports the MT4 platform and allows the use of EAs.

Q5: Can I backtest the FX Hunter EA?

A: If you can obtain a copy of the EA, MT4 offers backtesting functionality. This allows you to simulate the EA’s performance on historical data, giving you some insight into how it might have behaved under different market conditions. Remember, past performance is not indicative of future results.

Q6: I’m not seeing results with the FX Hunter EA. What can I do?

A: Here are a few steps to consider:

  • Review Settings: Double-check if your settings align with current market conditions.
  • Monitor market: The EA may be designed for specific market types (trending or ranging). Observe if the current market suits its strategy.
  • Demo-test: Run the EA in a demo account for a longer period with adjusted settings.
  • Contact support: If you purchased the EA, reach out to the seller for troubleshooting assistance.

Conclusion

The FX Hunter EA, like many forex robots, presents both potential benefits and risks. It offers a chance to automate your scalping and potentially remove some emotional aspects of trading. However, it’s crucial to remember that EAs are not magic money-making machines.

Before investing in or heavily relying on the FX Hunter EA (or any EA), conduct thorough research, always start with demo testing, and proceed with caution. Success in forex trading, whether manual or automated, requires a combination of knowledge, realistic expectations, and continuous risk management.

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FREQUENTLY ASKED QUESTIONS

The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US $3.98 trillion in April 2010 by the Bank for International Settlements.

Expert Advisors (EA) / Forex Robot are used to render the trading process automatic allowing to exempt the trader from continuous watching the market. Many professional traders have a big amount of trading systems allowing them to work in different markets and under different conditions. EA is robotic script written in MQ4 language. It can work in the Metatrader 4 trading platform.

Yes it is easy to use. Forex Robot is based on a new generation technology that allows you with a few clicks to install, run and start earning money. No need to be professional. Everyone can do it. It is completely hands free and the whole process is 100% automated.

Yes it is too easy. Just a few steps and you will be ready to use Forex Robot. You will also get a guide when you purchase any Forex Robot, it will help you to install EA. If you still need any help please contact with us.

Yes Forex Robot can work 24 hours per day from the market opening on Monday to the market closing on Friday. You don’t need to monitor you trades. Our Forex Robot will do it for you. It will monitor the trades, open and close positions automatically.

MT4 is a free trading platform. You can download it from the official web sites of your broker. Here is the list of most popular brokers.

First you need a computer with a minimal hardware configuration and a stable internet connection. Second you need to install Metatrader 4 trading platform. You don’t need to have any additional Forex knowledge.

You can use any broker that offers the Metatrader 4 trading platform. But for Best Result we suggest you to trade with most popular brokers.

You can use Forex Robot with Multiple Accounts. There is no restrictions.

You don’t need to trade yourself. Just turn on Forex Robot and let it trade using your account to bring some profit for you. Of course you can trade manually too. But we recommend that you use only Forex Robot to avoid any loss.

Yes we offer free updates of our robot. Our development team will not stop improving of the Forex Robot and make it competitive on the market under actual market conditions.

We know that the money is the main question. We know well that many people don’t have much money to get started. Our robot is made to be able to trade with a minimum amount of money. The minimum amount depends to your brokerage company too. You can start trading with a small amount as $50.

Every Forex Robot is unique. Please check the guide before trading. If you don’t understand which one is suitable please contact us.

Yes we provide customer support. Our support team is working 24/7 for you. If you have any questions about our robot don’t hesitate to contact us.

Yes you can use. Please Backtest before using it in a real trading. Or use Demo Trade for at least one month with your broker spread and proper balance. Never use in live trading with any pair without demo testing. It is always better to invest time before losing any money.

We recommend to have a stable internet connection and computer hardware, working without interruptions 24 hours a day from the Forex market opening on Monday to the market closing on Friday. Crypto market is open everyday 24×7.

If you can’t keep your PC / Laptop on 24 hours a day so better choice is to get a vps service.

Robot will stop working. You must have to start the robot as soon as possible. Otherwise your running trades will not be closed and it may occur big draw down.

We accept payments by Neteller, Skrill, Bitcoin, Perfect Money, Paypal, MasterCard & Visa. If you don’t have any Paypal you can select custom method during checkout & pay manually.

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After Completing the Payment you will be able to download Expert Advisor and Indicator from dashboard. Please check Download Folder. If you paid manually please contact immediately. Admin will update the order and then you will get download option in the dashboard.

How To Install EA

After completing the download in your computer or laptop you have to extract the file using WinZip software. Please check How do I Install an Expert Advisor on MT4 article or check the following video.

 

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