Hippo Trader Pro EA v3.1 MT4 with SetFiles Build 1422+

Hippo Trader Pro EA is a forex trading robot built for the MetaTrader 4 (MT4) platform. It comes equipped with advanced trading features and is specifically fine-tuned for EUR/USD trading on the M1 timeframe. Its performance has been tested and confirmed through real trading accounts, ensuring reliability in live market conditions.

Vendor Website – Link

Key Features

Trend-Following Strategy: Focuses on trading during the Asian and European market hours.

Highly Adaptive: Avoids outdated indicators, instead analyzing market trends, volatility (through an ATR filter), and trend structures.

Precision & Reliability: Backtesting results show a strong win rate and the ability to withstand sudden market changes.

User-Friendly: Uses the Relative Vigor Index (RVI) to identify trends, making it easy to operate.

Risk Management: Features a built-in global stop-loss of $1,000 for every 0.01 initial lot to protect capital.

FIFO Compatibility: Can be adjusted to meet FIFO trading rules when configured properly.

Recommendations

Trading Pair: EUR/USD

Timeframe: M1 (1 minute)

Backtest Start Date: 2003

Settings: Default or configured set files

Broker Compatibility: Works with any broker

Minimum Deposit: $1,000 (recommended: $3,000)

Order Execution: Market orders

Backtesting Method: Tick-by-tick accuracy

FIFO Compliance: Yes, when using the appropriate set file

Hippo Trader Pro EA Settings & Features

• Lot Size: Manually set lot size when auto-lot is disabled. 
• Auto-Lot Option: Enable or disable automatic lot sizing. 
• Square Root Lot: Uses a conservative lot-sizing method based on the square root formula. 
• Risk Setting: Determines risk for auto-lot calculations (not a percentage of total capital). 
• Magic Number: Unique identifier for tracking EA trades. 
• Maximum Spread Allowed: Defines the spread limit beyond which no trades will be executed. 

Indicators & Timeframe Settings

• Relative Vigor Index (RVI) Periods: Defines the number of periods for the RVI oscillator. 
• RVI Timeframe: Selects the timeframe used for the RVI indicator. 
• ATR Indicator Settings: 
  • Fast ATR Periods 
  • Slow ATR Periods 
  • Super Slow ATR Periods 
  • ATR Timeframe 

Trading Hours & Scheduling

• Fixed Trading Hours: Allows users to set custom trading hours. 
• Start Time: Custom start hour and minute for trading. 
• Stop Time: Custom stop hour and minute for trading. 
• Friday Closing: Option to stop trading at a specific hour on Fridays. 
• Day Selection: Enable or disable trading on specific days (Monday through Sunday). 

Trade Execution & Risk Management

• Buy & Sell Trades: Option to enable buy or sell orders separately. 
• Simultaneous Buy & Sell: Allows both buy and sell trades at the same time if enabled. 
• FIFO Compliance: Enables FIFO closing mode when required. 
• Maximum Orders: Sets a cap on the number of open trades. 
• Position Sizing Coefficient: Determines the increase in position size. 
• Minimum Distance for Additional Trades: Defines spacing for secondary positions. 
• One Trade Per Bar (Grid Mode): Ensures only one trade per bar in grid trading. 
• Secondary Order Timeframe: Sets the timeframe for secondary trades. 

Profit & Loss Management

• Take Profit Settings: 
  • Standard take profit for all trades. 
  • Option to modify take profit for the first order. 
  • Custom take profit value for the first order. 
• Trade Closure: 
  • Close trades only at the end of the M1 bar. 
  • Enable maximum loss limit in monetary value. 
  • Multiply the maximum loss limit per microlot. 
  • Stop trading when the maximum loss is reached. 
  • Define the maximum monetary loss threshold. 

User Interface & Miscellaneous

• Trade Comments: Allows custom comments on trades. 
• Order Counter: Tracks the number of executed trades. 
• Chart Customization: Change the chart color. 
• User Panel Display: Option to show or hide the control panel. 
• Quick Close Buttons: Adds buttons to close trades instantly. 
• Error Display: Shows error messages when issues occur. 

These features make Hippo Trader Pro EA a highly customizable and efficient tool for automated forex trading.

BackTest Reports

Signal Reports

MyFxBook Reports

Link

Reasons to use

Optimized for EUR/USD on M1 – The EA is specifically designed for trading the EUR/USD pair on the 1-minute timeframe, making it ideal for short-term traders.

Proven Performance Since 2003 – Backtesting data from 2003 provides a long-term analysis of its effectiveness, ensuring traders can trust its historical consistency.

Flexible Settings & Compatibility – Traders can use the default configuration or customize settings with set files, allowing adaptability to different trading styles.

Works with Any Broker – The EA is not restricted to specific brokers, providing users with flexibility in choosing their preferred trading platform.

Affordable Entry Requirement – The minimum deposit is set at $1,000, with a recommended balance of $3,000 for optimal performance, making it accessible to a wide range of traders.

Efficient Market Order Execution – Uses market orders for quick and reliable trade execution, helping traders capitalize on market opportunities without delays.

Accurate Backtesting with Tick-by-Tick Data – The EA has been tested using tick-by-tick data, ensuring the most precise simulation of real market conditions.

FIFO Compliance Available – The system can be adjusted to meet FIFO regulations when using the appropriate set file, making it suitable for traders who need compliance with these rules.

Benefits of Using Hippo Trader Pro EA

1. Customizable Lot Sizing – Traders can manually set lot sizes or enable auto-lot with risk-based calculations, including a conservative square root option for controlled growth.
2. Advanced Risk Management – Features like maximum monetary loss limits, spread filters, and FIFO compliance help traders manage risks effectively.
3. Flexible Trading Hours – Users can customize trading start and stop times, ensuring trades align with their preferred market conditions. Additionally, Friday closing options help prevent weekend gaps.
4. Optimized for EUR/USD M1 Trading – The EA is specifically designed for high-frequency trading on the EUR/USD pair, utilizing the 1-minute timeframe for quick trade execution.
5. Precision in Market Analysis – Incorporates multiple indicators such as the Relative Vigor Index (RVI) and ATR filters to analyze trends and market volatility accurately.
6. Efficient Trade Execution – Uses market orders for fast trade execution while limiting the number of open positions to avoid excessive risk exposure.
7. Profit Maximization Tools – Traders can set custom take-profit levels, including different values for the first order, ensuring optimal exit strategies.
8. FIFO Compliance – Can be configured to meet FIFO regulations, making it suitable for traders in regions with specific compliance requirements.
9. User-Friendly Interface – Includes options to display a control panel, trade comments, and error messages for better usability and trade tracking.
10. Chart & UI Customization – Allows users to modify chart colors, enable close buttons for quick trade management, and track trade execution through an order counter.

Hippo Trader Pro EA offers a well-balanced mix of automation, risk control, and customization, making it a powerful tool for forex traders seeking efficiency and consistency.

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