HFT Illusion EA v.Beta MT4 is a high-frequency trading (HFT) Expert Advisor (EA) designed for the MetaTrader 4 (MT4) platform. It operates on the M1 timeframe and is optimized for currency pairs such as EUR/USD, GBP/USD, and USD/JPY. The EA employs advanced algorithms to execute rapid trades, capitalizing on small price movements.
Key Features
- Timeframe: M1
- Currency Pairs: EUR/USD, GBP/USD, USD/JPY
- Trading Strategy: High-frequency trading with rapid execution
- Risk Management: Includes stop-loss and take-profit settings
- Compatibility: Designed for MT4 platform
Performance Insights
While specific performance metrics for the HFT Illusion EA v.Beta are not publicly available, high-frequency trading EAs typically aim for small, consistent profits over numerous trades. It’s important to note that such strategies may require a stable internet connection and low-latency execution to be effective.
Legitimacy and Considerations:
- “Illusion” of HFT: As noted, true HFT at institutional speeds is not achievable on MT4. EAs labeled as “HFT” on MT4 typically refer to very fast scalping strategies or those attempting to capture small price movements.
- Performance: There’s no consensus or reliable performance data readily available in the search results. Threads discuss its existence and sharing, but detailed backtesting results or verified trading statements are not prominent.
- Risk: Like any EA, especially those claiming “HFT” or rapid trading, it carries inherent risks. Backtesting and forward-testing on a demo account are crucial before considering live trading.
The “HFT Illusion EA v.Beta MT4” appears to be an Expert Advisor (EA) for the MetaTrader 4 platform, designed for forex trading. Here’s a breakdown of what the search results suggest:
General Information and Availability:
- It seems to be discussed and shared on forums like Forex Factory, often in threads related to “Dashboard Trading” or “High Flying Trading (HFT) EA.”
- There are mentions of it being available for download (e.g., “HFT Illusion – V.Beta – 0.5 – ST – CURRENT (1).mq4” and “.ex4” files). This implies it’s likely a publicly shared or “free” EA, at least in its beta version, rather than a commercially sold product.
- The “.mq4” extension indicates it’s the source code file, while “.ex4” is the compiled executable file for MT4.
Features and Strategy (Inferred):
- The name “HFT Illusion” suggests it aims to simulate or leverage some aspects of High-Frequency Trading (HFT), though true HFT (thousands of orders per second) is generally not possible within the limitations of MT4 and typical retail broker execution speeds.
- One thread mentions a general “High Flying Trading (HFT) EA” that uses “2 moving average crossovers,” “Bollinger Bands Breakout,” and “RSI + Stochastics” with “some kind of filter to stop false trades and entries.” It’s possible the “HFT Illusion EA” is based on similar principles or is a variation of such a system.
- A specific set of rules was discussed for an EA, which might be related to the “HFT Illusion” or a similar system:
- Timeframe: M5 (5-minute charts).
- Entry Rules:
- Buy: Price breaks an “above line” (3rd line), then pulls back to “middle line and bottom line.”
- Sell: Price breaks a “bottom line” (3rd line), then pulls back to “middle line and bottom line.”
- Stop Loss: 5-10 pips when price breaks the “bottom line.”
- Break Even: When price is 15 pips away from entry.
- Take Profit: User’s discretion or 1:1 Risk/Reward.
Legitimacy and Considerations:
- “Illusion” of HFT: As noted, true HFT at institutional speeds is not achievable on MT4. EAs labeled as “HFT” on MT4 typically refer to very fast scalping strategies or those attempting to capture small price movements.
- Performance: There’s no consensus or reliable performance data readily available in the search results. Threads discuss its existence and sharing, but detailed backtesting results or verified trading statements are not prominent.
- Risk: Like any EA, especially those claiming “HFT” or rapid trading, it carries inherent risks. Backtesting and forward-testing on a demo account are crucial before considering live trading.
- Source Code: The availability of the
.mq4
file (source code) is generally a positive, as it allows for inspection and understanding of its logic, though this requires MQL4 programming knowledge.
In summary, the “HFT Illusion EA v.Beta MT4” appears to be a community-shared MT4 Expert Advisor focusing on fast-paced trading strategies. Its “HFT” aspect is likely more about rapid execution and scalping than actual institutional-level high-frequency trading. As with any free or community-shared EA, thorough due diligence and risk management are highly recommended.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.
Important information!
For the first 2 weeks, trade on a demo account or a cent account (to choose the best trading conditions for yourself)
Install a trading advisor on a VPS
Real Account Profit Recorded every Friday (end of the trading week)
What’s in the package?
Experts:
- HFT Illusion EA v.Beta MT4.ex4
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