Introduction
So, you've stumbled upon Hippo Trader Pro, a trading robot that's supposed to make your Forex trading life easier. With a rating of 4.31 and mixed reviews, it's hard to say if this is the holy grail or just another overhyped piece of software. Let's dive into how to set it up, use it, and maybe even squeeze some profits out of it.Installation and Setup
Installing Hippo Trader Pro is straightforward, but let's not get ahead of ourselves. First, make sure you're trading the EURUSD pair on the M1 timeframe. Anything else, and you're just wasting your time.1. Download the EA from the MQL5 marketplace.
2. Open MetaTrader 5 and navigate to the File menu. Select Open Data Folder.
3. Place the EA file in the Experts folder.
4. Restart MetaTrader 5 and add Hippo Trader Pro to your EURUSD M1 chart.
5. Configure the settings:
- Set your lot size (default is 0.01).
- Adjust the global stop loss (default is $1000).
- Define your trading sessions: Asian (0-8) and European (8-16).
User Experience
Antonio Carroccia seems optimistic, running it on a demo account and feeling confident because it's verified on myfxbook. Cristian Mihail Pauna, on the other hand, is not impressed at all. And then there's Maki Matsuda, who thinks it's Very Good. Mixed reviews, but that's par for the course in Forex trading.From my experience, the robot does what it says on the tin. It uses the Relative Vigor Index oscillator and ATR filter to make trading decisions. But let's be real—no robot is going to make you rich overnight. It's all about managing expectations and risks.
Tips for Improvement
Want to get the most out of Hippo Trader Pro? Here are some tips:1. Regularly update your settings based on market conditions. What worked last month might not work today.
2. Use a VPS to ensure your robot is running 24/7 without interruptions.
3. Backtest regularly to see how the robot performs under different market conditions.
4. Diversify your trading. Don't rely solely on Hippo Trader Pro. Use other strategies and robots to spread your risk.
Source Code of Hippo Trader Pro
We don't have the original source code of Hippo Trader Pro sold on MQL5. However, we can create a code based on its description available on the MQL5 website. This is a good starting point for those who want to understand how such a robot might be built. If you have questions about the code, feel free to ask. Remember, this is an example code from easytradingforum.com, based on the description of Hippo Trader Pro.
Code:
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