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2008.05.05 08:26
Experts

Hercules A.T.C. 2006 EA - expert for MetaTrader 4

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This is a very simple breakout MA based on rapid price deviations from a significant moving average. It is designed to work on the H1 time frame. With the default parameters it is ready to trade EUR/USD and USD/CHF. For use with other crosses it is necessary to switch the base MA to a more relevant one for each particular cross. It would also be advisable to adjust the TP, SL, and trailing stop settings according to each new cross. The lot size is also easily adjusted. This EA participated in the 2006 A.T.C. where it was able to hold the top spot for most of the competition before suffering from a string of losses that eventually knocked it out of contention. Certain filters have since been added to minimize losing streaks. The risk:reward ratio is EXTREMELY favorable and winning trades tend to be quite a bit larger than the losing ones.


My hope by making this contribution is to give something back to the forum (and its many selfless members) that has provided me with so many great new indicators over the years.


This is the very first EA that I ever designed (what now seems like over a million years ago), it was coded by David Lin (with later additons by Ahmed).


Happy Trading!


Vince Wells


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