Project Gryphon
- Experts
- Yury Novikau
- Version: 1.1
- Updated: 25 June 2022
- Activations: 100
Project Gryphon is a fully automatic trading expert for the Forex market, which implements a medium-term trading strategy based on the theory of wave movement of the market
Expert Advisor does not use martingale, grid, averaging, scalping
The real signal is at the link (includes: project phoenix ea and manual trading)
Functionality
- Constant work of the Expert Advisor 24/5. No need to wait for the news or events to trade.
- In comparison with scalpers, Project Gryphon works in the medium term and tries to take the whole price movement, not part of it
- The Expert Advisor is not sensitive to spreads and does not require prompt execution of trade orders
- Time of position holding - from several hours to several days
- Each thread has its own copy of the Expert Advisor that uses its own TP for closing positions, as well as the trading system conditions are used for closing trades
- Because of multiple threads, an Expert Advisor can open several onesided positions or positions can be locked by opposite positions
- Each order is strictly monitored by the trading system, and protective stop-loss is set for each of them separately
- For interactivity and convenience the main settings of the Expert Advisor and forecasts for future waves are displayed on the chart
- There are only few parameters to be optimized before you start trading. Most of the settings are set by the extrapolator on the author's side
- The Expert Advisor has a built-in system of error detection, and will warn you if a fault is noticed in the work of the Expert Advisor
EURUSD currency pair, H1 time frame
The Expert Advisor is able to trade on other pairs, but the optimization and adjustment of the interpolator and extrapolator was performed only on EURUSD
Risk Warning
Like any other Expert Advisor, it makes forecasts using historical data. Therefore, relying only on forecasts we have only variants of price dynamics evolution. Using big risks, you understand that you can lose your capital. You should not risk with money you are not prepared to lose. That's why you shouldn't risk all the money in your account and put a huge risk in a deal for stable work. Use small lot sizes. Take into account the possible drawdowns, because the Expert Advisor can open up to five onesided positions!
Basic parameters
- GMT broker offset - GMT time of your broker (drop-down menu to select)
- Start of trading within the current wave - trade within the current wave or start of a new one (more details in the blog)
Optimizable parameters
- Stoploss, point (600-800) - stoploss size for orders, in five decimal points (from 600 to 800 points)
Other parameters
- Magic number - identifier of the orders
- Commentary for positions - commentary on orders
You can find a list of all parameters here
Notes
Some notifications appear even when Send Alert is disabled (these are service notifications)
If you have any questions, please contact me via private message on the site. I only answer here. I do not have any additional channels. The original trading advisor is only available here.
A quick guide is available on the blog