Project Gryphon

Project Gryphon is an automated Forex trading system that operates on the Forex market, implementing a medium-term trading strategy. The system is based on wave analysis theory, which predicts the change of the local trend in the future.

Understanding the Trading Strategy

The Expert Advisor, the core of Project Gryphon, builds a five-period prognostic model for predicting trend changes. Each period has its own advisor copy with different internal parameters, including take profit, conditions for opening and closing positions. Each advisor works independently and does not interfere with others.

All positions are safeguarded by a stop loss. The Expert Advisor has minimal settings for optimization, with most settings set by the extrapolator on the author’s side. Using a longer period, repeat patterns are searched. With a smaller period, key points are approximated, interpolated, and patterns refined. The extrapolator is used to make predictions based on both periods.

Project Gryphon’s Functionality

Project Gryphon operates constantly, 24/5, with no need to wait for news or events to trade. Unlike scalpers, Project Gryphon operates in the medium term and attempts to capture the entire price movement, not just a part of it. The Expert Advisor does not require prompt execution of trade orders. The duration of position holding ranges from several hours to several days.

Each thread has its own Expert Advisor copy that uses its own take profit for closing positions, as well as the trading system conditions for closing trades. Due to multiple threads, the Expert Advisor can open several one-sided positions or positions can be locked by opposite positions. Each order is strictly monitored by the trading system, and a protective stop-loss is set for each of them separately.

Optimization and Settings

Optimization is not required to start trading. Most of the settings are adjusted by the extrapolator on the author’s side. The Expert Advisor has a built-in system of error detection and will warn users if a fault is detected in its operation. The stop loss setting is available and can be adjusted as per user preference.

The Expert Advisor is not self-optimizing and requires occasional adjustment based on the current market situation. The basic parameters include GMT broker offset and the start of trading within the current wave. Optimizable parameters include stop loss size for orders, in five decimal points.

Requirements and Risk Warning

Project Gryphon is designed to trade on the EURUSD currency pair, H1 time frame, with a deposit of 0.01 lot for every $500. It can trade on other pairs, but the optimization and adjustment of the interpolator and extrapolator were performed only on EURUSD.

Like any other Expert Advisor, Project Gryphon makes forecasts using historical data. Therefore, users should be aware of the potential risks involved. It is advised not to risk all the money in your account and to use small lot sizes.

Independent Testing and Updates

For those interested in seeing the product in action, independent testing of Project Gryphon is available on the forexroboteasy.com website. Users can also subscribe to updates on the testing results of this product.

FAQ

What is Project Gryphon?
Project Gryphon is a fully automated Forex trading system that implements a medium-term trading strategy based on wave analysis.

How does Project Gryphon work?
The system builds a five-period prognostic model for finding the change of trend. Each period has its own advisor with different internal parameters, including take profit, conditions for opening and closing positions.

What are the requirements to use Project Gryphon?
The system is designed to trade on the EURUSD currency pair, H1 time frame, with a deposit of 0.01 lot for every $500.

Where can I see independent testing of Project Gryphon?
You can watch independent testing of Project Gryphon on the forexroboteasy.com website.

We invite readers to share their experience using Project Gryphon. Remember, this is an independent product review and should be considered as such. The text does not contain any endorsements or affiliations with the product.