About the Predator Expert Advisor
The Predator Metatrader 4 Forex Robot is a professional-level forex robot that can be used by anyone, irrespective of their skill level.
The robot will completely handle all aspects of trading on your behalf.
The expert advisor has a built-in logic that allows it to search for signals, open trades, manage risks, and secure profits.
As an automated trading software, it is designed to deploy a well-planned divergence strategy to generate buy/sell trade signals that are executed on autopilot.
The Predator forex robot is crafted to work on all time frames and currency pairs, for instance, deploy the EA on EUR/USD, GBP/USD, USD/JPY, USD/CAD, GBP/JPY, etc.
Feel free to play with the FastMA and SlowMA Predator input values.
Free Download
Download the “The Predator.mq4” MT4 robot
Key Features
Multi-Strategy Integration
Combines over 10 internal indicators, price action, support and resistance levels, and trendline strategies to generate high-accuracy trade signals.
Dynamic Risk Management
Adjusts lot sizes based on account balance and predefined risk settings, ensuring consistent risk exposure across trades.
Automated Execution
Executes trades automatically, reducing the need for manual intervention and allowing for faster response to market conditions.
News Trading Capability
Designed to trade during news events, taking advantage of increased market volatility to capture potential profit opportunities.
No Martingale or Hedging
Operates without the use of martingale or hedging strategies, aiming for a more conservative and controlled approach to trading.
Strategy Tester Report
Find below the Predator forex robot strategy tester report for the EUR/USD forex pair on the 4-hour chart.
Key Performance
Backtests and live demonstrations indicate that the Predator EA can achieve monthly profits ranging from 5% to 20%, with a maximum drawdown of less than 30% under recommended settings.
The robot aims to always close trades in profit, break-even, or with minimal loss, depending on market conditions.
The EA made a total profit of $553.58 from a total of 115 trades.
The largest winning trade generated $69.97 in profits, while the largest losing trade generated a loss of $68.31.
Statistics:
Bars in test: 10380 ticks modelled
Initial deposit: $10000.00
Total net profit: $553.58
Total trades: 115
Largest profit trade: $69.97
Largest loss trade: -$68.31
Consecutive wins: 2
Consecutive losses: 2
How the EA Works
- Scans the market using over 10 internal indicators to identify potential trade opportunities.
- Analyzes price action, support and resistance levels, and trendlines to confirm trade signals.
- Calculates optimal lot sizes based on account balance and predefined risk settings.
- Executes trades automatically, managing entries, stop-loss, and take-profit levels.
- Monitors open positions and adjusts stop-loss to break-even or trailing stop as the trade progresses.
- Closes trades in profit, break-even, or with minimal loss, depending on market conditions.
Download Now
Download the “The Predator.ex4” Metatrader 4 robot
Parameters & Settings
- RiskPerTrade – percentage of account equity risked per trade
- UseNewsTrading – enable or disable trading during news events
- MaxSpread – maximum spread allowed to open trades
- LotSizeMultiplier – adjusts lot size based on account balance
- UseTrailingStop – enable or disable the trailing stop feature
- BreakEvenLevel – price level at which stop-loss is moved to break-even
- TimeFrame – timeframe used for analysis (e.g., M5, M15, H1)
Recommended Trading Setup
- Currency Pairs: EURUSD, GBPUSD, USDJPY—liquid pairs with clear price action behavior
- Timeframes: M5 or M15 for scalping; H1 for trend-following strategies
- Broker: ECN or low-latency brokers to reduce slippage
- Risk Settings: Start with 0.5%–1% per trade on live accounts
- Environment: Use VPS hosting for continuous, stable execution
FAQ
Q: Can the Predator EA work on all currency pairs?
A: Yes, it can be used on most major and minor pairs, but it performs best on liquid pairs like EURUSD, GBPUSD, and USDJPY.
Q: Do I need to adjust settings for different brokers?
A: Minor adjustments may be needed based on spreads and execution speed. Always test on a demo account to fine-tune settings.
Q: How does it handle high-volatility events?
A: The EA has built-in news trading filters and adjustable spread limits to manage volatility safely.
Q: Is VPS hosting necessary?
A: While not mandatory, running the EA on a VPS ensures continuous operation and reduces the risk of missed trades due to disconnections.
Q: Can I use it alongside other EAs?
A: Yes, but ensure each EA has a unique Magic Number to prevent interference with trade management.
Summary
The Predator Metatrader 4 Forex Robot is an advanced EA that combines multiple trading strategies to identify high-accuracy trade signals.
With dynamic risk management, automated execution, and the ability to trade during news events, it offers a comprehensive solution for forex traders.
