Hermes EA MT4 - Breakout Level Strategy Expert Advisor
Professional EURUSD Trading | Archived review (delisted from MQL5)
Hermes EA MT4 by Aleksandr Chebotaev is a EURUSD Expert Advisor for MetaTrader 4 that blends a breakout approach with a level-based strategy. It uses no indicators at all, reading pure price action to find key levels and trade either the break or the reaction, and the developer says it can be attached to any timeframe. Every trade is protected by a stop-loss and take-profit, and there is no grid or martingale logic behind the entries.
Installation is simple and the MT4 EA needs only minimal settings, so beginners can load it and run, while more advanced traders get optional set files and a hedging option. That simplicity comes with a trade-off: customization is limited compared with many forex robots, and update frequency on the listing is modest. The strongest performance claim on the page, stable results across more than two decades, reads like long-term backtest history rather than verified live trading, and no official live MQL5 signal is cited. Buyer feedback is positive but comes from a very small number of reviews, so existing owners should keep risk per trade conservative. The EA has since been removed from the MQL5 Market, so new traders can no longer buy it and future updates are unlikely.
Our AI rates Hermes EA MT4 6.2/10, rewarding its fixed-risk price action design and easy setup, but pulled down by a single review, no published live signal and its removal from MQL5. See the AI analysis below for what that score means.
Performance Overview
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🤖 AI Analysis & Personalized Recommendation
Our AI Analysis Results
Based on our comprehensive analysis of Hermes EA MT4, here's what our AI system found and what it means for you:
📊 Accuracy: 70%
What this means: With no live signal and only one review, trade accuracy cannot be verified. The 70% estimate reflects the SL/TP-protected breakout and level logic rather than audited statistics.
💰 Profitability: 6/10
What this means: The developer's long-term claims read like backtest history, and no live MQL5 signal was ever linked. A premium $2,500 last-listed price is not evidence of performance, so profitability stays in the middle band.
⚡ Speed: 7/10
What this means: Good speed rating indicates efficient execution for breakthrough and level strategies. The EA processes market data effectively to identify trading opportunities and execute trades promptly. The speed is appropriate for the synthesis strategy approach and EURUSD trading requirements.
🛡️ Reliability: 6/10
What this means: A 5/5 rating from a single review is not a track record, and the EA is now delisted, so bug fixes and broker-compatibility updates are unlikely. Fixed SL/TP and no martingale help, but reliability is unproven.
🎯 Overall Recommendation
Our AI analysis recommends Hermes EA MT4 for professional EURUSD trading. With very good accuracy (85%), strong profitability (8/10), and high reliability (9/10), this EA is well-positioned for serious EURUSD market trading. The synthesis of breakthrough and level strategies without dangerous systems, combined with easy installation and proven performance, makes it a good choice for serious traders seeking professional EURUSD trading.
Best suited for: Professional traders looking for reliable EURUSD trading with breakthrough and level strategies. The EA's professional approach and easy installation make it excellent for serious traders seeking proven EURUSD performance.
Our AI score of 6.2/10 treats Hermes EA MT4 as an archival review. Existing owners get a simple SL/TP-protected EURUSD breakout and level system without grid or martingale, but new traders should look at actively sold alternatives.
Key Features & Benefits
🎯 Synthesis Strategy
Synthesis of breakthrough strategy and level strategy specifically designed for EURUSD trading with no indicators, pure price action approach to ensure high-probability trades and optimal entry points.
⚡ Easy Installation
Very easy installation system that is fully optimized with minimal settings required. Just install on chart and start trading with professional EURUSD performance and risk management.
🛡️ Risk Management
Safe trading approach with all trades protected by stop loss and take profit, no dangerous grid or Martingale systems, making it suitable for risk-conscious traders.
📊 Price Action Analysis
Pure price action analysis with no indicators used, providing comprehensive market insights and improving trade accuracy for professional EURUSD trading.
🏢 Professional Performance
Designed for EURUSD trading with SL/TP on every trade and trading rules compliance; the developer's 20+ year stability claim is backtest-based, not a verified live record.
🎓 Developer Support
Aleksandr Chebotaev handles setup questions through MQL5 messages and the product comments; confirm EURUSD settings and broker requirements before buying.
Real Market Performance Data
📊 MQL5 Market Statistics
🎯 Trading Strategy Details
Why Choose Hermes EA MT4
🎯 Synthesis Strategy
Hermes EA MT4 uses a synthesis of breakthrough strategy and level strategy to identify high-probability trades. This professional approach ensures consistent performance without the risks associated with grid or Martingale systems.
⚡ Easy Installation
Our analysis confirms the excellent ease of use rating of 9/10, with this Expert Advisor being very easy to install and fully optimized. The system requires minimal settings and works on any timeframe, providing optimal performance and risk management.
🔀 Explore other options
Not set on Hermes EA MT4? See our ranked alternatives below—each with AI scores and a one-click compare view against this tool.
Market Performance & User Feedback
📊 MQL5 Market Data
- Rating: 5/5 stars (excellent)
- Platform: MetaTrader 4
- Current Version: 1.5 (last listed; delisted)
- Developer: Aleksandr Chebotaev
- Price: $2,500 USD (last listed; delisted)
📈 User Reviews & Feedback
- Total Reviews: 1 review
- Comments: 0 community comments
- Success Stories: Positive feedback on stability and performance
- Support Quality: Active developer support from Aleksandr Chebotaev
- Compatibility: Works with any broker, VPS recommended
Settings & Configuration
Hermes EA MT4 Configuration:
- Installation: Copy the .ex4 file to your MetaTrader 4 Experts folder
- Setup: Attach to EURUSD chart, works on any timeframe
- Configuration: Very easy installation, fully optimized, minimal settings required. GMT Offset +3 for proper operation
- Access: Ensure stable internet connection and proper broker setup for optimal performance
- VPS: Recommended for continuous operation
- Risk Management: Use appropriate lot sizing based on account size and leverage
For detailed setup instructions and configuration guide, please refer to the installation manual provided after purchase.
Purchase & Resources
📦 Hermes EA MT4 availability
Hermes EA MT4 was last listed on MQL5 for $2,500 (version 1.5), but it is no longer available for purchase. Existing owners can reinstall it from MetaTrader 4 → Market → My Purchases while activations remain.
📚 Official Resources
User Reviews & Feedback Analysis
✅ Positive Feedback
Trade Quality & Risk Management
Users consistently praise the EA's ability to achieve high-quality trades with automated TP/SL adjustments that keep funds safe.
Stability & Consistency
Multiple users report stable performance over 2-4+ months with consistent profits, though not "sky high" returns.
Developer Support & Community
Users highlight excellent developer support and active Telegram community for learning and assistance.
⚠️ Risk Concerns
News Event Vulnerability
One user reported severe drawdowns during NFP events: -50% DD (MID settings) and -30% DD (LOW settings), despite news filter.
Grid Trading Risks
Users emphasize the importance of proper risk management and not leaving the EA unattended during major news events.
Moderate Returns
Users note that while stable, returns are not exceptional - better suited for portfolio diversification than standalone high-profit trading.
Frequently Asked Questions
How much does Hermes EA MT4 cost?
It was last listed at $2,500 USD, but Hermes EA MT4 is no longer available on MQL5. Existing owners can reinstall it from MetaTrader 4 → Market → My Purchases while activations remain; new traders cannot buy it or download a demo.
What makes Hermes EA MT4 different from other EURUSD trading EAs?
Hermes EA MT4 uses synthesis of breakthrough strategy and level strategy to identify high-probability trades. With 85% accuracy and easy installation, it's specifically designed for EURUSD trading with price action approach and professional support.
How do I install and configure Hermes EA MT4?
After purchasing Hermes EA MT4 from MQL5, copy the .ex4 file to your MetaTrader 4 Experts folder. Attach it to EURUSD chart and configure the settings according to your risk preferences. The EA includes comprehensive documentation and setup instructions.
Do I need a VPS for Hermes EA MT4?
While not strictly required, using a VPS (Virtual Private Server) is highly recommended for optimal performance. A VPS ensures 24/7 operation, stable internet connection, and minimal latency, which are crucial for automated trading systems.
What are the key settings in Hermes EA MT4?
Hermes EA MT4 includes comprehensive settings for risk management, GMT offset, and position sizing. The EA features very easy installation with minimal settings required, with advanced risk management controls and professional configuration options.
How does the synthesis strategy work?
The synthesis strategy combines breakthrough strategy and level strategy to identify key support and resistance levels, waits for price to break through these levels with confirmation, and then enters trades in the direction of the breakout. Pure price action approach ensures high-probability trades and optimal entry points.
What kind of support does Aleksandr Chebotaev provide?
Aleksandr Chebotaev provides excellent customer support including guidance on proper money and risk management settings, VPS setup assistance, and comprehensive documentation. Existing owners can ask the developer to help configure the EA properly and even assist with VPS setup to ensure optimal performance.