SPHINX EG EA MT4+Setfiles

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

1. Automated Trading System:
   • SPHINX EG EA is a fully automated trading system designed for the MT4 platform.
   • It utilizes two indicators: BBDeviation and EnvelopesDeviation.
2. 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).
3. 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.
4. 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.
5. 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

1. Timeframe: SPHINX EG EA operates on the 5-minute (M5) timeframe.
2. Indicators:
   • Combines BBDeviation and EnvelopesDeviation indicators.
   • Generates trading signals based on moving average analysis.
3. Volatility-Driven Position Sizing:
   • Adjusts lot size according to market volatility.
   • Limits risk exposure based on trader-defined maximum percentage.
4. ECN Mode for Reduced Slippage:
   • Direct connection to the interbank market.
   • Minimizes execution delays and potential losses.
5. Risk Management:
   • Helps prevent excessive capital loss in individual trades.
   • Default lot sizes may not be suitable for all traders.