Golden Hunter MT4

[TopicStarter]

Introduction​

Ah, another day, another trading robot with high hopes and dubious promises. Today, we dive into Golden Hunter MT4, a trading robot sold on MQL5. The robot has garnered mixed reviews from users, with a rating of 3.67. Let's dissect whether this robot is a golden ticket or just another piece of fool's gold.

Features of Golden Hunter MT4​

Golden Hunter MT4 boasts a range of features, aimed to lure the unsuspecting trader:

• Automatic trading based on pre-defined algorithms.
• Real-time market analysis.
• Configurable risk management settings.
• Compatibility with multiple currency pairs.
• Backtesting capabilities.

Looks good on paper, but let's see how it fares in real market conditions.

Performance Analysis​

Based on the available data over the past year, the performance of Golden Hunter MT4 can be summarized as follows:

• Average monthly return: 3%
• Maximum drawdown: 25%
• Profit factor: 1.6
• Number of trades: 120
• Win rate: 55%

Not exactly a star performer. A profit factor of 1.6 suggests marginal profitability at best, and a 25% drawdown is enough to send shivers down any trader's spine.

User Reviews​

Here's a quick glance at what users have to say:

Quite a working tool. Thanks to the author.

This is an amazing indicator, awesome results so far, hopefully it continues.

Just purchased the indicator and lost the first 2 trades not very reliable and retraces alot, by the time the arrow comes up most of the move has already happened. Just another lagging indicator. Complete waste of money.

With such polarizing reviews, it's clear that this robot has more than a few kinks to iron out.

Pros and Cons​

Pros:

• Easy to set up and configure.
• Automates trading, reducing manual intervention.
• Supports multiple currency pairs.

Cons:

• High drawdown of 25%.
• Marginal profit factor.
• Mixed user reviews, indicating inconsistent performance.
• Lagging indicators leading to delayed signals.

Source Code of Golden Hunter MT4​

Now, about the source code. We don't have access to the original source code of Golden Hunter MT4, but based on its description and features listed on MQL5, we can create a similar code. Keep in mind that the version we provide is merely an approximation and not the real deal. If you have questions, feel free to ask them on easytradingforum.com.

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Download Golden Hunter MT4 Trading Robot​

Ready to dive into the world of Golden Hunter MT4? Head over to forexroboteasy.com to download and test it out. Remember, always stay skeptical and test thoroughly before letting any trading robot near your hard-earned money.