Hercules AI EA V2.4: A Scalping Strategy
The Hercules AI EA V2.4 is an EA designed for forex traders, specifically focusing on the XAUUSD (Gold) pair. An EA is a software script that automates trading activities in the forex market, leveraging algorithms and predefined strategies to execute trades on behalf of the user.
Strategy Overview:
- Trading Assets: XAUUSD (Gold).
- Timeframe: M5
- Leverage: Recommended leverage is 1:100 or higher.
- Account Type: Use a narrow spread account (ideal for scalping).
- Broker Recommendation: Consider using an ECN broker with low spreads (e.g., ICMarkets).
Trading Rules:
- Market Order in Counter-Trend: The basic strategy starts with market orders in the counter-trend. However, you can customize it to follow trend strategies.
- Risk Management: Hercules AI EA V2.4 occasionally uses the martingale method and hedging. As a result, it offers a high ROI (Return on Investment). Adjust your lot size and risk value accordingly.
- Withdrawal Strategy: Profit fast, then withdraw fast. The goal is to double your initial deposit and withdraw it promptly. Regular withdrawals mitigate the risk associated with martingale strategies.
Recommendations:
- Minimum Account Balance: Start with a minimum of $100 (cent account). According to the developer, it can even work with a $500 or $100 account.
- Preferred Pairs: Hercules AI EA V2.4 performs well on EURUSD, GBPUSD, AUDUSD, and XAUUSD (Gold).
- Timeframes: Optimal timeframes are M5 (5-minute) and H1 (1-hour).
- Volatile Markets: Be cautious during news events; consider closing trades to avoid unexpected volatility.
- 24/7 Operation: For stable results, run Hercules AI EA V2.4 on a reliable VPS (Virtual Private Server).
Download and Installation
You can download the Hercules AI EA V2.4 MT4 from the official website: Follow these steps:
- Visit the download page https://www.fxcracked.org/product/hercules-ai-ea-v2-4/
Visit our website https://www.fxcracked.org/ for additional resources and insights.
Contact: @yoforexpremium
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