SPHINX EG EA::
Overview
- Name: SPHINX EG EA
- Platform: Metatrader 4 (MT4)
- Trading Style: Scalper
- Timeframe: 5 minutes (M5)
- Currency Pair: GBPUSD
- Minimum Deposit: $50
Key Features
- Automated Trading System:
- SPHINX EG EA is a fully automated trading system designed for the MT4 platform.
- It utilizes two indicators: BBDeviation and EnvelopesDeviation.
- Indicator-Based Strategy:
- BBDeviation: Measures price deviation from a moving average using Bollinger Bands.
- EnvelopesDeviation: Creates an envelope around price action using two different-length moving averages (typically 21 and 34 periods).
- Volatility Percentage Configuration:
- Traders can set a maximum percentage of their account balance to risk in each trade based on market volatility.
- When volatility is high, the EA automatically adjusts the lot size to reduce risk exposure.
- ECN Mode:
- Bypasses the broker’s dealing desk and connects directly to the interbank market.
- Reduces the risk of slippage, which can lead to significant losses.
- Money Management and Risk Settings:
- Designed to help traders manage capital effectively and reduce the risk of substantial losses.
- Allows control over the amount of capital risked per trade.
Strategy
- Timeframe: SPHINX EG EA operates on the 5-minute (M5) timeframe.
- Indicators:
- Combines BBDeviation and EnvelopesDeviation indicators.
- Generates trading signals based on moving average analysis.
- Volatility-Driven Position Sizing:
- Adjusts lot size according to market volatility.
- Limits risk exposure based on trader-defined maximum percentage.
- ECN Mode for Reduced Slippage:
- Direct connection to the interbank market.
- Minimizes execution delays and potential losses.
- Risk Management:
- Helps prevent excessive capital loss in individual trades.
- Default lot sizes may not be suitable for all traders.
There are no reviews yet.