Hi,

The Hercules that competed in the competition was different than the version that you'll find here. Hercules fell out of 1st place due to a string of losses. Since the competition a series of filter have been added to greatly reduce the probability of a similar situation happening again.

Most breakout models fail because they only perform well in trending markets and usually suffer horribly during oscillating price action. Hercules is not the typical breakout primarily because it does not chase the price action everytime it breaks out of a pre-defined range... instead it waits for major shifts in momentum before entering. It also analyzes the market on several time frames to ensure that previous price action does not suggest an oscillating market and that the longer term sentiment does indeed support the trigger. It is also not the typical MA model because several conditions including market speed, power, and sentiment are all factored when determing optimal entry points and then in addition several filters must be satisfied before the orders are actually submitted. It is also blessed with an excellent risk:reward ratio. When all the elements are combined they add up to an extremely robust unique breakout model.



Happy Trading!


Vince

PTS Pegasus