Hi Trader MT4 is a trading assistant EA designed for hand trading, not automatic order placement. It features customizable lot sizes, trailing stops, and options for managing pending orders. Users can download a demo version for testing from the creator’s profile on MQL5. It facilitates effective risk management and order closure.
Advantages of Hi Trader MT4
The Hi Trader EA is an innovative trading assistant designed to enhance the hand trading experience on the MT4 platform. Here are some of the key advantages of using this EA:
- Facilitates Hand Trading: Unlike fully automated trading systems, Hi Trader EA supports traders in manual trading, allowing for more control and decision-making based on real-time market analysis.
- Flexible Lot Management: With the ability to either fix lot sizes or implement risk-based money management, traders can easily adjust their trading strategy to fit their risk tolerance and market conditions.
- Advanced Trailing Stop Features: Hi Trader offers both standard and advanced trailing stop options, allowing users to protect profits effectively. The separate and combined stop loss features ensure that traders can customize their approach to risk management.
- Average TP Setting: The option to set an average Take Profit (TP) across multiple trades simplifies the exit strategy, making it easier for traders to manage their overall positions.
- Pending Orders Management: The EA can intelligently place pending orders based on the current number of open positions, enabling traders to scale their trades effectively.
- Comprehensive Closing Options: The functionality to close orders based on profit/loss thresholds or specific criteria (e.g., closing all orders, closing profitable trades only, etc.) provides flexibility in managing trades based on market conditions.
- Demo Account Testing: Traders can download and test the EA on a demo account to familiarize themselves with its features without any financial risk, ensuring a confident trading approach in live markets.
Overall, the Hi Trader MT4 EA is a valuable tool for traders looking to enhance their manual trading experience while benefiting from advanced risk management features.
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