Huckster EA Review: An In-Depth Analysis

Huckster EA is an automated trading system for MT4 and MT5 designed to execute price action-based trades automatically in the forex market. This expert advisor applies artificial intelligence and custom indicators to identify high-probability setups across seven currency pairs – EURUSD, EURGBP, EURAUD, EURJPY, EURCHF, EURNZD, and EURCAD.

Huckster EA

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Overview of Huckster EA

Huckster EA is programmed to enter and exit trades based on a set of predefined rules that aim to capitalize on overbought and oversold market conditions. The system determines overbought/oversold levels using the Stochastics indicator with a slow moving average. It then verifies momentum signals using the Relative Strength Index (RSI) and applies additional filters like the Williams Percentage Range (WPR) to avoid false signals.

Key Features

  • Fully automated system
  • Compatible with MT4 and MT5
  • Trades 7 EUR currency pairs
  • Multiple time frame analysis (H1, H4, Daily)
  • Custom indicators for trend and volume analysis
  • News filter to avoid high impact events
  • No risky strategies like martingale or grid

Customization Options

The EA allows traders to customize parameters related to trade execution, alerts, lot sizes, slippage limits, and more. So you can adjust risk settings based on your account size and risk tolerance.

How Huckster EA Works

Huckster EA evaluates markets across three timeframes – H1, H4, and the Daily – before determining entry and exit points. It uses a combination of technical indicators like Stochastics, RSI, and custom volume/trend tools to identify high probability setups.

The Stochastics indicator identifies oversold and overbought levels to determine potential reversal points. The RSI provides additional confirmation of momentum shifts. Finally, the EA’s news filter helps avoid volatile moves around high impact events.

Once a setup is identified, the EA executes automated entries and manages trades according to its predefined logic. This includes setting stop losses based on recent swing points and taking partial profits at certain reward targets.

Backtesting Performance

The developer provides limited backtest reports conducted over a five year period. The posted results show the EA was able to generate 10% monthly returns on average, with a max drawdown of 7.08%.

However, there is no clarity on the specific time frames used for testing. More transparency regarding testing periods and parameters would lend greater credibility.

The backtests do indicate the system’s potential to book consistent profits with relatively contained drawdowns. But live trading results carry more weight in determining actual performance.

Live Trading Results

Huckster EA’s public MQL5 signal shows a 22.75% return over 45 days of live trading. It executed 22 trades on a $900 account, scoring over 95% in profitability.

The biggest advantage is a high profit factor of 4.81, indicating the EA’s ability to capture larger wins compared to losses. However, the max drawdown of 11.7% exceeds the developer’s 5% monthly drawdown claim.

While the live results demonstrate profit potential, a longer track record would help determine the EA’s reliability across different market conditions.

Supported Brokers and Accounts

The vendor states Huckster EA works on “any broker” and is suitable for prop firms like FTMO and MyForexFunds. This likely means the system is not heavily optimized to a particular broker’s liquidity or spreads.

However, some user reviews mention better performance with certain brokers like IC Markets, TurnkeyForex, and Exness. So you may want to evaluate brokers before purchasing this EA.

In terms of account requirements, you would need a minimum $1,000 account to properly run the EA with its default settings. Using excessive risk on small accounts often results in quick blowouts.

Pricing and Purchase Options

Huckster EA is listed at €399 on the MQL5 marketplace with a 14-day return policy. This positions it as a mid-range priced EA compared to competitors.

The developer does not offer any discounts or bonus tools. However, MQL5 occasionally runs sitewide sales where you may get 10-15% off.

Overall, the pricing aligns reasonably with industry standards for EAs with some live trading evidence. However, the product lacks a satisfaction guarantee commonly offered by rivals.

Huckster EA Pros and Cons


  • Real account results showing profitability
  • High profit factor and strike rate
  • Multiple timeframe analysis
  • News filter for risk management
  • Easy to set up and use


  • Limited backtest reports
  • No refund policy
  • Only trades EUR pairs
  • Expensive for untested software

So while Huckster EA shows some positive metrics, traders need to exercise caution given the lack of transparency and performance guarantees.

Huckster EA Final Verdict

Huckster EA offers traders an intriguing option for executing automated strategies across EUR currency pairs. Real account results indicate the potential for respectable returns compared to its drawdown risk.

However, there are some unanswered questions regarding the longevity of returns and lack of guarantees. As an untested product, traders would need to risk a significant sum without downside protection.

Overall rating: 6.5/10

The EA may appeal to traders seeking:

  • Hands-free approach requiring little input
  • Multi-timeframe analysis
  • Solid risk metrics on real accounts

However, conducting further due diligence is highly recommended before purchasing this EA. Key areas to evaluate are real user reviews, longevity of returns, and vendor reputation.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit

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