Dhokiyas Terminal Hunter 2 (MT5) — review, price and free alternatives

Dhokiyas Terminal Hunter 2 is built to identify high-probability swing setups by combining trend bias with support and resistance levels rather than relying on high-frequency indicators.

What makes Dhokiyas Terminal Hunter 2 unique is its emphasis on quality over quantity. The algorithm waits for confluence between trend direction and key price levels before opening positions, and it uses layered risk controls including fixed stop loss, dynamic position sizing and time-of-day filters. The EA typically avoids news spikes by integrating session-based avoidance and uses MT5 native functions for order management and trade protection.

The developer, Chetan Kalubhai Dhokiya Kalubhai Bachubhai Dhokiya, provides parameter presets and documentation to help traders align settings with account size and risk tolerance. Expected performance characteristics are moderate monthly returns with controlled maximum drawdowns when run on recommended account sizes. Users should interpret results with realistic leverage and present market volatility in mind.

Dhokiyas Terminal Hunter 2 carries a moderate risk profile when default settings are used and can be adjusted toward conservative by reducing risk per trade. The EA uses defined stop loss distances and dynamic position sizing tied to balance or equity to limit per-trade risk, with recommended risk per trade between 0.5% and 2% depending on trader tolerance. Vulnerabilities include sudden volatility during major macro events and extended sideways markets where fewer setups occur. Recommended account size for reasonable lot sizing on XAUUSD is at least $2,000, with larger balances preferred to reduce relative volatility. Traders should also monitor for overnight gaps and apply conservative leverage.

Install the Dhokiyas Terminal Hunter 2 EX5 file into your MT5 Experts folder and restart the terminal. Attach the EA to an XAUUSD chart and enable automated trading in MT5. Configure key parameters such as risk per trade, maximum concurrent trades, and accepted trading sessions according to the included presets. Use brokers with low XAUUSD spreads and support for hedging if required by your strategy. Preferred chart timeframes are H1 to H4 with daily trend confirmation. Run a forward demo for at least 60 to 90 days before deploying on a funded account and validate results under your broker conditions.