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Name: Herodotus Her5
Version: Latest version
Developer by: Nadiya Mirosh
The Right Platform: Meta Trader 5 (MT5)
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Herodotus Elliott Wave EA MT5 is a cutting-edge algorithmic trading solution designed to apply the principles of Elliott Wave Theory to the forex market. By combining classical wave analysis with modern automation, this EA offers traders a highly intelligent way to forecast market cycles and execute trades with precision across major currency pairs.
Elliott Wave Theory interprets price movement as a series of repetitive waves driven by collective market psychology. The EA identifies and acts on these wave patterns in real time, allowing traders to capitalize on trend continuations and reversals with a high degree of confidence.
✅ Wave-Based Forecasting Engine
The core engine of the EA analyzes price action using Elliott Wave Theory, identifying both impulse (1–5) and corrective (A–B–C) structures to forecast future market movements accurately.
✅ Multi-Pair Compatibility
Optimized for a wide range of major forex pairs, including:
EUR/USD, GBP/USD, USD/JPY, AUD/USD
USD/CHF, EUR/GBP, EUR/JPY, NZD/USD
USD/CAD, EUR/CHF, AUD/JPY, CAD/JPY
This makes the EA an excellent tool for portfolio diversification and multi-market application.
✅ Smart Money Management
Offers flexible capital control options:
Fix Lot – Trade with a fixed lot size
Money Management – Automatically adjust lot size based on account balance
Lot Decimal – Configure lot precision for broker compliance
✅ Real & Virtual Risk Management Tools
r Stop-Loss / Take-Profit – Set actual SL/TP levels on the broker server
v Stop-Loss / Take-Profit – Use stealth SL/TP to avoid broker manipulation
Maximum Permissible Spread – Avoid trading during high-spread market conditions
✅ Unique Trade Identification
Each order is assigned a Magic Number, making it easy to track and manage positions across multiple charts and strategies.
Algorithmic Interpretation of Elliott Waves: Eliminate subjective analysis by letting the bot detect wave structures in real time
Enhanced Timing for Entries & Exits: Leverages market cycle completion for precise trade execution
Risk-Averse Design: Built-in parameters to manage drawdown and avoid unfavorable trades
Customizable Settings: Suitable for both conservative and aggressive trading styles
The backtest report shown in the image highlights the performance of the Herodotus Her5 EA MT5 on the USD/JPY (US Dollar vs Japanese Yen) currency pair over a historical period of more than 50 years using MetaTrader 5 (MT5). This test reflects the EA’s long-term reliability, risk control, and profitability.
The backtest report in this image presents the performance of a Herodotus Her5 EA MT5 on the GBP/USD (British Pound vs US Dollar) pair using MetaTrader 5 (MT5). This comprehensive test spans 30 years of data, revealing the EA’s consistent profitability, tight drawdown control, and high trade accuracy.
Herodotus GBP/USD Backtest Summary with $1,000 Initial Deposit:
The backtest report in this image evaluates the performance of a Herodotus-based Expert Advisor (EA) on the AUD/USD currency pair using MetaTrader 5 (MT5) over a long-term historical period. The results showcase the EA’s profitability, stability, and accuracy, helping traders assess its effectiveness for real-world deployment.
Herodotus AUD/USD backtest using $1,000 capital, with the following detailed performance metrics:
The backtest report in this image evaluates the performance of a Herodotus-based Expert Advisor (EA) on the USD/CHF (US Dollar vs Swiss Franc) pair using MetaTrader 5 (MT5) over a remarkably long historical period. This detailed test offers valuable insights into the EA’s trading consistency, profitability, and risk management capabilities.
Herodotus USD/CHF Backtest Summary with $1,000 Capital:
Name | Fit |
---|---|
Trading platform | Meta Trader 5 (MT5) |
Time frames | H1 |
Currency pairs | EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF. |
Min / Recommended deposit | $10,000 |
Min / Recommended leverage | 1:100 |
VPS | Optional, for uninterrupted advisor operation. |
🤗WISH YOU SUCCESSFUL TRADING🤗
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