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Hercules v1.3 Majors Forex EA - Proven Expert Advisor for MT4
Unlock the potential of your trading with Hercules v1.3 Majors, a powerful Forex EA designed for MetaTrader 4. This expert advisor (EA) executes precise and automated trades, offering a reliable tool for enhancing your trading strategy.
Compatible with any broker, Hercules_v1.3_majors.mq4 has undergone extensive testing on platforms like LQDFX and FXOpen, ensuring seamless performance across various trading environments. Elevate your trading experience with this efficient and versatile Forex robot, providing you with the edge needed in the dynamic world of Forex trading. Download now to optimize your trading journey.
hercules_v1.3_majors.mq4 12.88 kb, 42 downloads since 2015-04-23
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Hi bro. Can you say about EA's strategy. How many pair and time frame it work on ???
Pairs and Timeframes: The Forex robot seems to be designed for trading the USD/CHF and EUR/USD currency pairs. It operates on the MetaTrader 4 platform. As for the timeframe, it mainly focuses on the H1 (1-hour) chart.
Strategy in a Nutshell: Here's a simplified breakdown of the strategy:
Crossover Indicator: The heart of this robot's strategy is a crossover indicator based on two Moving Averages (MAs): EMA(1) and SMA(72). These MAs serve as trigger lines to gauge immediate price action (EMA) and as a base line (SMA). When the EMA crosses above the SMA, it generates a "long" signal, and when it crosses below, it triggers a "short" signal.
RSI and Price Action: It doesn't stop there; the Relative Strength Index (RSI) also plays a crucial role. For long positions, the RSI should be above a predefined upper threshold (often around 55). Conversely, for short positions, the RSI should be below a lower threshold (typically around 45). This combination of RSI and price action helps filter trades.
Window of Opportunity: The robot takes into account a "window of opportunity," and it executes trades only when it's within this time frame. The countdown timer in seconds is displayed, ensuring that the strategy is executed during this specific period.
Money Management: To protect your capital, the robot offers a money management feature. It calculates lot sizes based on your risk tolerance and your account balance, aligning with proper risk management practices.
So, in conclusion, this Forex robot seems to be designed to capture trends based on crossover and RSI signals, and it tries to protect your capital through money management.
hercules_v1.3_majors.mq4 12.88 kb, file has never been downloaded.
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