Hermes EA MT4 V1.4 with Setfiles

What is Hermes EA MT4?

Hermes EA MT4 operates as a specialized EURUSD breakout trading system that relies entirely on price action and Support/Resistance analysis without traditional indicators or Martingale strategies. The EA has generated monthly gains averaging 16.08% in live trading while experiencing maximum drawdowns of 44.15%, highlighting both its profit potential and substantial risk exposure.

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About the Hermes EA MT4’s Author

Developed by Aleksandr Chebotaev, an experienced MQL5 developer with over 5 years of platform expertise, Hermes EA MT4 showcases his specialized focus on price action-based automated trading solutions.

Key Takeaway

• Overview: EURUSD-specialized breakout system with configurable risk management, time filtering, and hedging capabilities designed for pure price action trading

• Trading Strategy: Utilizes combined breakout and level trading methodology based exclusively on Support/Resistance price action analysis. The system performs three key functions: identifies critical S/R levels through historical price behavior, monitors price approaching these zones for breakout signals, and executes trades upon confirmed level breaks. Strategy components integrate price movement analysis for market structure identification, level mapping for entry point determination, and breakout confirmation to reduce false signal impact

• Key Benefits: Removes emotional trading decisions, provides continuous market monitoring, eliminates Martingale risk exposure, and includes mandatory protective Stop Loss/Take Profit mechanisms

• Performance Data: Live trading demonstrates 16.08% average monthly gains with 44.15% maximum drawdown, showing consistent profitability alongside substantial risk exposure. Additional account shows 133.31% gain with 31.30% drawdown over extended periods

• Primary Risks: High drawdown vulnerability (30-45% range), susceptibility to false breakouts in sideways markets, and performance heavily dependent on parameter optimization. Default risk-reward ratio exceeds 1:1 (SL 1550 vs TP 1000)

Recommendations for Hermes EA MT4

• Trading Platform: MetaTrader 4 (MT4) primary platform, potential MT5 compatibility available

• Pairs: EUR/USD optimized performance, other pairs require individual testing and parameter adjustment

• Supported Accounts: ECN and Standard account types compatible, ECN preferred for execution quality

• Timeframe: Universal timeframe support, though optimization recommended for specific periods

• Trading Time: Flexible hours (8:00-22:59 default), avoid major economic announcements

• Leverage: 1:500 leverage used in signals – higher leverage amplifies both profit and loss potential substantially. Consider lower leverage for improved risk management

• Minimum Deposit: $100 minimum stated, $500+ recommended for adequate drawdown protection given the EA’s risk characteristics

Quick-Start Parameter Guide

Risk Configuration
• Risk: “HighRisk” setting increases position sizing – use cautiously as it significantly amplifies drawdown exposure
• Risk %: Percentage-based risk calculation (0.0 = feature disabled)
• Use Fix Lot: Toggle between fixed (true) and dynamic (false) lot sizing methods
• Fix Lot: Set specific lot size when fixed sizing enabled

Trading Hours
• Start Hour/Minute: Define trading session start time
• Finish Hour/Minute: Set trading session end time
• Magic Number: Unique identifier for EA trade tracking
• Slippage: Maximum acceptable slippage (100 points default)

Profit Protection
• Take Profit: Target profit level (1000 points default)
• Stop Loss: Loss limit per trade (1550 points default) – note unfavorable 1:1.55 risk-reward ratio
• Hedging: Enable/disable hedging functionality – advanced feature requiring trading experience

Hermes EA MT4 Review

Hermes EA MT4 provides authentic breakout trading automation with verified live performance, but requires careful risk management due to substantial drawdown exposure inherent in the strategy.

Backtest Analysis: Historical testing shows exceptional profit factors (74.09) and theoretical gains reaching billions, though these results appear over-optimized and don’t reflect realistic live trading expectations.

Live Trading Verification: Real MyFxbook signals confirm 305.53% gains with 44.15% drawdown and 133.31% gains with 31.30% drawdown, demonstrating both profit potential and significant risk exposure.

• Another signal

Parameter Configuration: Default settings include “HighRisk” mode and unfavorable risk-reward ratios requiring careful adjustment for individual risk tolerance levels.

Why Choose Hermes EA MT4

• Pure Price Action Approach: Eliminates indicator lag and complexity through direct Support/Resistance analysis, though market condition awareness remains crucial for optimal performance

• Proven Live Performance: Multiple verified MyFxbook accounts demonstrate real trading results, transparently showing both profit achievements and drawdown realities

• Conservative Risk Philosophy: Avoids dangerous Martingale and grid strategies while maintaining comprehensive Stop Loss protection, though high drawdown still requires substantial capital reserves

• Flexible Customization: Comprehensive parameter options for time filtering, lot sizing, and risk management allow strategy adaptation, requiring experience for optimal configuration

• Transparent Methodology: Clear breakout trading logic provides strategy understanding and confidence, though performance remains dependent on market trending conditions

Conclusion

Hermes EA MT4 delivers legitimate automated breakout trading with transparent price action methodology and verified results, but substantial drawdown characteristics make it most appropriate for experienced traders with adequate capital buffers and high risk tolerance.

Ready to Use Hermes EA MT4?

• Telegram Support: https://t.me/+E2r7ipeuS6BjNzFl
• Email Contact: [email protected]
• Website: eafxway.com

Hermes EA MT4 Download Packages:

• Link download experts:
  • Hermes EA MT4.ex4
• Presets

FAQs