Question 1

What type of strategy does Panther EA MT4 use?

Accepted Answer

It is a multi-timeframe pattern scalper that combines technical chart patterns (detected on H1) with RVI momentum filtering to trade on the M5 timeframe.

Question 2

Is it safe to use?

Accepted Answer

It avoids Martingale and Grid methods. However, the default MaxRisk = 30% is extremely high. It is strongly recommended to lower this value significantly (e.g., to 1–2%) for safer trading.

Question 3

What is the risk level?

Accepted Answer

High — due to the very aggressive default risk setting (30%). With proper risk adjustment, it can be used more conservatively.

Question 4

Can I disable the Trailing Stop?

Accepted Answer

Yes. You can turn off Trailing-stop on/off if you prefer to use only fixed Take Profit.

Question 5

Is it suitable for beginners?

Accepted Answer

It can be used by beginners, but the high default risk setting makes it unsuitable for new traders without modification. Always test on a demo account first.

Question 6

Does it work on Gold?

Accepted Answer

It is primarily designed for Forex pairs. Performance on Gold (XAUUSD) should be tested thoroughly before live use.

Panther EA MT4Premium

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