EA Diamond Heracles MT5 – Analysis and Forecast – February 9, 2024
hello everyone,
I would like to introduce the Diamond Hercules MT5 product. It’s one of the highest-grossing EAs in my store in 2023 and continues to perform well in 2024.
1/ Actual signal and result analysis
EA has been forward testing since September 1, 2023.
- Duration: 23 weeks (6 months)
- Deal: 45
- Profit Transactions: 44 (97.77%)
- Loss trade: 1 (2.22%)
- Recovery factor: 10.59
- Profit: 71%
2/ Description of how EA operates
EA is designed specifically for: GBPUSD pair and IC Market broker.
Utilizes a combination of indicators such as Adx, Rsi and price action strategies.
Below is a screenshot of the chart.
EA uses the Adx and Rsi indicators to create a red box on the screen. This box represents periods of time when the market is moving sideways or sideways. The EA then uses price action to identify which boxes meet the trade conditions and which do not.
So you can see that EA skips many unattractive boxes and only executes trades in boxes that show favorable price action.
3/ Advantages of EA
- We do not use risky account strategies such as Martingale or Grid.
- Each transaction has a clear SL and TP.
- Use trailing stops to take profits.
- Avoid counter-trend trading and always follow the market trend.
- Available for small accounts of $200-300
4/Q&A
1- How many trades does EA open per week?
=> EA initiates very few transactions per month, with an average of 4-8 transactions. The focus is on profitability, not high transaction frequency.
2- How much is your monthly profit?
=> Specific figures cannot be calculated. You have to check the signals and make your own estimates.
3- Can I use EA for other currency pairs?
=> Only tested on GBPUSD. You will need your own testing to try other pairs.
4- Can EA be used by prop companies?
=> EA is not designed for prop companies. Make sure your company’s rules are appropriate.
5- Does EA have its own set files?
=> EA has default settings based on real signals. You only need to adjust the risk you want.
6- Can I use EA with brokers other than IC Markets?
=> Not tested on other brokers. Contact us for backtesting or testing. Currently we recommend IC Market.
7- Updating…
If you have any questions or want to test the product, please contact us.
thank you
