Question 1

What is Gyroscopes MT5?

Accepted Answer

Gyroscopes MT5 is a professional, fully automated Expert Advisor that combines Elliott Wave analysis with a disciplined limited grid averaging strategy to trade major forex pairs with high precision and strong risk control.

Question 2

Which pairs and timeframe does it trade?

Accepted Answer

It is optimized for major forex pairs and works effectively on any timeframe. The EA internally uses its own wave pattern logic to make trading decisions.

Question 3

What is the core trading strategy?

Accepted Answer

The EA first identifies the dominant trend using the Elliott Wave Index (five-wave impulse and corrective patterns), then applies a controlled grid averaging system with a tight 5-point step and a strict limit of maximum 5 trades per direction.

Question 4

Does Gyroscopes MT5 use Martingale or aggressive Grid?

Accepted Answer

No. It uses a limited and controlled averaging grid (max 5 trades) and completely avoids dangerous Martingale or unlimited grid techniques.

Question 5

How does the risk management work?

Accepted Answer

Every trade is protected by both real Stop Loss / Take Profit (2500 points) and an additional virtual Stop Loss / Take Profit (33.0) layer. You can choose Fixed Lot (default 0.01) or enable Money Management for dynamic sizing.

Question 6

What is the difference between real and virtual TP/SL?

Accepted Answer

Real TP/SL are visible to the broker and enforced on the server, while virtual TP/SL are managed by the EA itself. This dual system provides extra flexibility and hidden protection against broker interference or slippage.

Question 7

Is it suitable for Prop Trading Firms?

Accepted Answer

Yes. With its strict trade limits, dual protection layers, and controlled risk, it is highly compatible with most prop firm rules and funded accounts.

Question 8

What broker and conditions are recommended?

Accepted Answer

It performs best on ECN brokers with low spreads (maximum spread filter set at 20 points). Fast execution and hedging account support are strongly recommended.

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