Huckster MT5 is available here: https://www.mql5.com/en/market/product/77467
Huckster MT4 is available here: https://www.mql5.com/en/market/product/82075
PLEASE NOTE! MT4 version of Huckster is not capable of performing multicurrency backtest, so please use its MT5 version
Frequently Asked Questions
What kind of account should I use?
We recommend a low spread (Raw, ECN) account with at least 1:100 leverage.
What timeframe should I use?
Please put Huckster on EURUSD H1 chart and it will automatically trade all the symbols it’s been trained for
How much profit does it make per month?
Around 10 percent with 1 percent risk (it may be a lot more or even less depending on the market conditions)
Does it support hedge accounts only?
The answer is: yes. Huckster must be run on hedge account only otherwise it will not perform properly.
What is an approximate drawdown per month?
Usually anything between below 5% if you choose to use 1% risk per trade.
Drawdown in the backtest is low so can I use a higher risk percent?
It is up to you but I don’t recommend more than 5 percent.
Is it FIFO compliant?
No, it is not. Huckster requires a hedge account to run properly
Can Huckster pass the FTMO challenge?
The backtests from this year (2022) show DD below 4% with 1% risk and around 60% profit UTD (end of May 2022). So yes, it absolutely has the potential to pass the challenege.
Which version should I get? MT4 or MT5?
They are absolutely the same so it is completely up to you.
How many activations do I get?
Huckster comes with 10 activations.
How often do you plan updates?
For now, Huckster is a complete product. However, we constantly monitor the market as well as the EA and if necessary, new updates will be implemented accordingly.
Which VPS provider do you recommend?
Unfortunately I can’t recommend any VPS.
Is there a Telegram group?
Yes, there is a Telegram customer support group. Please message me to get an invitation or leave a comment in the comment section after the purchase
Is Huckster available to purchase anywhere else?
No, Huckster is available only on MQL5 so if you find it anywhere else, it will not be a genuine product.
Why do I get different/worse backtest results?
- The quality of market data provided by your broker (it varies from broker to broker)
- The swaps and spread of each broker may have an impact on the backtest results
Is live trading the same as backtesting?
If you have high quality data provided by broker yes, it is exactly the same as real trading
How do I backtest it?
In order to test it properly and see its full potential you need to
Is there a real tick 100% quality backtest available?
Yes, there is. Please see below.
What year can I backtest from?
There is no limit and you can start the backtest even from 2000’
How to start the expert:
- After you’ve downloaded Huckster into your terminal, please make sure to add the following URL to the list of allowed URLs: https://nfs.faireconomy.media
- Run Huckster just on one chart – EURUSD (timeframe only H1). Once it’s attached to a chart, it will automatically scan charts of other currency pairs and open positions accordingly.
Are the default settings good?
Yes they are but you can change them accordingly to your style of trading.
Is there a recommended set file available?
Default settings are recommended
What’s the minimum start balance?
The minimum recommended start balance is $500 for every 0.01 if you chose fixed lot in lot sizing method. If you choose lot sizing method: based on the balance, then the risk percentage should be like this:
- 1% min. $500
- 2% min. $250
- 2.5% min. $200
- 5% min. $100
What symbols does it support?
EURUSD, EURGBP, EURAUD, EURJPY, EURCHF, EURNZD, EURCAD
Can Huckster run alongside other experts?
Yes, but please make sure that all your expert advisors have different magic numbers.
How can I increase the profit?
You can increase your profit by either increasing fixed lot or increasing risk percentage in the settings.
How to increase traded lot sizes?
The easiest way to increase the traded lot size is by increasing the Risk of each trade (%) or use fixed lot.
The inputs are described in details in the input section
How is the T/P determined?
The T/P is determined by the strength of the signal so if the signal is strong enough the TP will increase.
How is the S/L determined?
Just like the T/P, stop loss is determined by the strength of the signal.
How to fix error 4752?
This error indicates that you’ve not enabled auto trading. In order to fix this, you need to perform two tasks:
Firstly, the “Algo Trading” button on top of your Metatrader terminal should be green (enabled)
Then in expert settings in “Common” section the “allow Algo trading” box should be checked
My symbols have prefix or suffix, what do I do?
Leave symbols to trade as they are and in the inputs below add your suffix or prefix. For example if EURUSD is xEURUSD then put “x” in the prefix input. If it’s EURUSDx, then put “x” in the suffix input.
What if my account is in a different currency than USD?
It doesn’t matter what currency is your account in, Huckster handles it automatically
How to fix error “Indicator ‘Average True Range’ cannot load”?
It means the history of charts are not loaded, to fix this once open all the charts of the symbols you included in the symbol list and let the charts load
Please see a detailed description of all the inputs of Huckster below:
Activate scoring algorithm
The scoring system provides an extra layer of protection. It’s recommended to be set to “true”
GMT (only needed for backtest)
In order to get the right backtest results please make sure to put the correct time zone of your broker. If it’s GMT +3 then you should put 3 in here, if you dont know your broker GTM you can run the GoldBaum toolkit once and after it works is done it will show you what number you have to put into this input,this input is only and only for backtest.
It is very important to set the right suffix if your broker uses one. For example if EURUSD pair with your broker is EURUSDx, you must put “x” here
It is very important to set the right prefix if your broker uses one. For example if USDCAD pair with your broker is xEURUSD, you must put “x” here
This is where you set your magic number. If you decide to change it from the default one you can easily do so by double clicking on that number and changing it to whatever you please.
This is a comment section which some users find quite useful. You can easily edit it by double clicking on the comment that is currently set as “Huckster”
The maximum slippage value set in default inputs is 10 pips. If you decide that it is too low or too high for you, you can amend it.
Max spread for market order in pips (Huckster’s orders)
This is the maximum spread that is allowed for the EA to open a position. In case Huckster would want to place a trade but the spread is too high, the trade will not be placed.
Max open positions (Huckster’s orders)
As a default Huckster will not have more than 5 positions open at any time. This is the optimal number of max trades however you can change it if you want to to 7 (total number of pairs traded by Huckster)
Force stop loss
If you decide to change the stop loss for example to 50 pips, once you’ve put the value here, it will override it to 50 pips in all future trades. If you leave it as it currently is “-1”, S/L in all future trades will be set by the EA.
Force take profit
If you decide to change the take profit for example to 30 pips, once you’ve put the value here, it will override it to 30 pips in all future trades. If you leave it as it currently is “-1”, T/P in all future trades will be set by the EA.
Extra stop loss pips
If you would like to add extra pips to stop loss value you put the number here. For example if you put in 10, then the SL value will increase for another 10 pips in every order
Extra take profit pips
If you would like to add extra pips to take profit value you put the number here. For example if you put in 10, then the TP value will increase for another 10 pips in every order
Lot sizing method
You’ve got a choice of 3 different methods here:
- Based on the Balance
- Based on the Equity
- Fixed lot
- Fixed Lot Per X balance
If you choose a sizing method based either on the balance or equity Huckster will gradually increase the lot size as the balance or equity will increase in time.
Risk of each trade(%):
If you choose lot sizing method either “Based on the Balance” or “Based on the Equity” then this input will make a significant difference. For example if it’s set to 1%, then once it hits the S/L, then you will lose 1% of your balance.
If your selected lot sizing method is “fixed lot”, then you can set its size here.
Fixed Lot Per X balance
If you choose Fixed lot to 0.1 and this input will be set to 1000 then for every 1000 (of your base currency) its orders will have a size of 0.1 lot. For example if your balance is $12300 and you set this value to 1000 then it will open XXXYYY position of 1.23 lot
Close at Equity DD limit
You can either set “true” or “false” and then it will either be on or off. Very useful input for a trader who doesn’t want to go above certain drawdown value.
Equity DD limit in %:
If you set the above to true, then on here you can set the actual drawdown limit For example if your Equity is $1000 and you set the value to 10, then all your open trades will be automatically closed once the total drawdown hits -100 USD. Currently it’s set to 30%
Close all trades on Friday
You can either set it to “true” or “false” here. It is useful for people who rather don’t like to keep their trades over the weekend
Friday close at
If the above input is set to “true” then on here you can set the actual time at which all trades will be closed on Friday for example 21:00
Trading on Monday
If you set it to “true” it will trade on Mondays, otherwise if you’d like NOT to trade on Mondays, then change it to “false”
Trading on Tuesday
If you set it to “true” it will trade on Tuesdays, otherwise if you’d like NOT to trade on Tuesdays, then change it to “false”
Trading on Wednesday
If you set it to “true” it will trade on Wednesdays, otherwise if you’d like NOT to trade on Wednesdays, then change it to “false”
Trading on Thursday
If you set it to “true” it will trade on Thursdays, otherwise if you’d like NOT to trade on Thursdays, then change it to “false”
Trading on Friday
If you set it to “true” it will trade on Fridays, otherwise if you’d like NOT to trade on Fridays, then change it to “false”
News filter enabled
You can either leave it as it is “false” and Huckster will not be using the news filter or you can set it to “true” and it will.
Wait Hours before Event
If news are coming up let’s say at 3.00 pm then if you put “1” here then the EA will not open any trades between 2.00 pm and 3.00 pm
Wait Hours after Event
If news are coming up let’s say at 3.00 pm then if you put “1” here then the EA will not open any trades between 3.00 pm and 4.00 pm
If you set it to “true” it will use trailing stop. Otherwise, by default it is off therefore set to “false”
Trailing Start pip
This is where you define how after how many pips of profit the trailing should start
Trailing Distance pip
This is where you define what should be the distance of trailing stop and current price