Introduction

HANDS OF GOD EA V2.2 MT5 is an Expert Advisor (EA) designed for MetaTrader 5 (MT5), aimed at automating trading strategies in the forex market. It combines advanced algorithms with robust risk management features, providing traders with the tools needed to execute trades efficiently and consistently. The EA is highly customizable, making it suitable for traders of all experience levels, from beginners to professionals.

Key Features

Advanced Algorithmic Trading: Automatically identifies profitable trade opportunities based on predefined algorithms and technical indicators.
Comprehensive Risk Management: Includes stop-loss, take-profit, trailing stops, dynamic lot sizing, and maximum drawdown controls.
Multiple Timeframe Compatibility: Works across different timeframes, adapting its strategy based on market conditions.
Backtesting & Optimization: Allows traders to test and optimize strategies using historical data.
News Filter: Avoids trading during high-impact news events to reduce risk from market volatility.
24/7 Operation: Can trade continuously, capitalizing on global market opportunities.

Recommended Settings

Lot Size: Use a fixed percentage of account balance (e.g., 1-2%) per trade based on risk tolerance.
Risk Level: Set according to the trader's risk preference, ranging from conservative to aggressive.
Stop-Loss & Take-Profit: Adjust according to the market and trading strategy. For scalping, smaller TP/SL is recommended, while for longer-term strategies, wider values may be more appropriate.
Trailing Stop: Enable for capturing profits as the market moves in favor of the trade.
Timeframes: Best used on M1 to H4, depending on the trading style (scalping or longer-term trading).

Backtest Results:

HANDS OF GOD EA V2.2 has shown positive performance in historical data, particularly in trending markets. Backtests reveal consistent profitability with optimal risk management settings. However, performance varies depending on market conditions, with higher returns during stable trends and reduced profits in volatile or choppy markets. It is crucial to adjust settings based on the backtest results to align with real-time market conditions.

Advantages

Automated Trading: Eliminates the need for manual execution, saving time and reducing emotional decisions.
Consistent Performance: Executes trades based on predefined rules, providing consistent results.
Customizable Settings: Adapts to different trading styles and risk preferences.
24/7 Market Participation: Enables traders to take advantage of global trading opportunities without being tied to a schedule.
Risk Management: Provides multiple risk control tools to minimize losses and protect capital.

Disadvantages

Market Dependency: The EA’s performance may fluctuate based on market conditions, especially during high volatility or news events.
Over-Optimization Risk: Backtesting can lead to over-optimization, which might not translate well into live trading.
Requires Regular Monitoring: While automated, it’s still important to periodically check the EA’s performance and make adjustments as necessary.
Potential Drawdown: In certain conditions, such as high volatility, significant drawdowns could occur if risk management settings aren’t properly configured.

Installation & Setup Guide

Download the EA File: Download the HANDS OF GOD EA V2.2 file from a trusted source.
Open Data Folder in MT5: Go to File > Open Data Folder in MT5.
Install the EA: Navigate to MQL5 > Experts, and paste the EA file there.
Restart MT5: Close and reopen MT5 to load the new EA.
Attach the EA to a Chart: Open a chart for the desired pair, then drag and drop the EA from the Navigator panel onto the chart.
Enable Auto-Trading: Click on the AutoTrading button in MT5 to activate the EA.
Adjust Settings: Customize the EA’s settings based on your risk tolerance, trading style, and preferences.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

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Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.