Gyroscopes MT5 (Latest version) – GroupBuy
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Gyroscopes MT5: Elliot Wave Trading with Real and Virtual TP/SL
Gyroscopes MT5 is a professional forex Expert Advisor (EA) that analyzes the market using the Elliott Wave Index. It identifies the five-wave pattern to find directional movements and corrective phases. The EA is a fully automated system with a complex algorithm for controlling trades. It offers flexible risk management through both real and virtual Take Profit and Stop Loss levels, making it a robust tool for disciplined trading.
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About the Author
This product is compiled by Nadiya Mirosh. This author has more than +4 years of experience working on MQL5 with many famous products such as Gyroscopes MT5, Gyroscopes mt4, Silicon Ex, Milioron mt5, Doctor Winston mt5 and other advisors. Among them, Gyroscopes MT5 is his best performing products.
Gyroscopes MT5 Overview
Key Features of Gyroscopes MT5
🔹 Elliott Wave Analysis: Uses advanced wave indicators to identify trend and correction structures.
🔹 Adaptive Risk Management: Supports fixed and dynamic lot sizing for controlled trade exposure.
🔹 Virtual Protection System: Includes virtual Stop Loss (SL) and Take Profit (TP) for flexible risk control.
🔹 Multi-Pair Trading Support: Optimized for major Forex pairs across diversified market conditions.
🔹 Spread Protection Filter: Avoids unfavorable trading conditions through maximum spread control.
🔹 Automated Trend Detection: Executes trades automatically based on wave pattern confirmation logic.
What is the Gyroscopes MT5 Trading Strategy?
🔹 Elliott Wave Trading Logic: Detects impulsive and corrective wave structures for trade execution.
🔹 Trend & Correction Analysis: Evaluates wave sequences to identify potential market direction shifts.
🔹 Adaptive Market Filtering: Uses volatility and spread conditions to improve trade quality.
🔹 Automated Position Management: Controls entries and exits with intelligent stop loss protection.
🔹 Multi-Phase Market Analysis: Combines trend continuation and correction trading opportunities.
🔹 H1 Timeframe Optimization: Designed for stable medium-term execution on major Forex markets.
Gyroscopes MT5 Review
🔶 Gyroscopes MT5 was tested on GBP/USD pair with initial deposit of $1,000, leverage of 1:100 and trading history of 4 years (12/05/2019 – 01/07/2023). Backtest results show very strong and stable performance with excellent risk/reward ratio indicators. Key performance indicators:
✅ Total Net Profit: $175,966.06
✅ Win Rate: 79.42%
✅ Balance Drawdown Maximal: 0.65%
✅ Equity Drawdown Maximal: 2.09%
Gyroscopes MT5 Backtest Results with GBPUSD
🔶 Gyroscopes MT5 backtest results on EUR/USD pair over a long period of 52 years (1971.01.04 – 2023.07.01) provide insights into its profitability, consistency and risk management. Key Performance Indicators:
✅ Initial Deposit: $1,000
✅ Total Net Profit: $36,270.43
✅ Win Rate: 83.41%
✅ Balance Drawdown Maximal: 0.39%
✅ Equity Drawdown Maximal: 2.18%
Gyroscopes MT5 Backtest Results with EURUSD
🔶 The Gyroscopes MT5 was tested on the AUD/USD pair (H1 timeframe) with an initial deposit of $1,000 and leverage of 1:100. The backtest period spans from April 1993 to July 2023, offering a 30-year historical performance review.
✅ Total Net Profit: $44,992.34
✅ Win Rate: 76.58%
✅ Balance Drawdown Maximal: 0.92%
✅ Equity Drawdown Maximal: 3.63%
Gyroscopes MT5 Backtest Results with AUDUSD
Why choose Gyroscopes mt5?
🔹 Stable Automated Trading: Built for consistent execution with controlled drawdown management.
🔹 Professional Risk Control: Supports disciplined exposure through flexible protection mechanisms.
🔹 Advanced Wave Analysis: Uses Elliott Wave principles for structured market interpretation.
🔹 Reliable Multi-Pair Execution: Diversifies trading opportunities across several major Forex pairs.
🔹 Flexible Money Management: Allows traders to customize risk according to account conditions.
🔹 Resilient Market Adaptability: Engineered to adjust smoothly to changing trend environments.
Is Gyroscopes MT5 Safe?
Gyroscopes EA shows significant potential in providing stable and reliable profits, making it a reliable tool in the Forex market. The advisor is highly appreciated by the MQL5 community in many aspects and has won the trust of users.
➡️ Longjuanfeng (2024.10.31): “Great 5 stars EA, very recommended.”
➡️ Mathieu Adams (2025.02.20): “Works very well – in backtesting and in normal trading – my optimal setting 10 trade and grid 1 that will yield the best result.”
Trading Specifications
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 5 (MT5) |
| Time frames | H1 (1 hour chart) |
| Currency pairs | EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, EURGBP, EURJPY, NZDUSD, USDCAD, EURCHF, AUDJPY, CADJPY |
| Minimum / Recommended deposit | $1,000 |
| Minimum / Recommended leverage | Any |
| Account type | ECN / Raw Spread |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, Icmarkets Broker |
| Recommended VPS | MyfxVPS.com (Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
✅ Setting (If Any).docx
✅ Installation Guide.docx
Conclusion
In short, The Gyroscopes MT5 is a highly advanced automated trading solution built on the principles of Elliot Wave Theory, allowing traders to capture both directional and corrective phases of the market with precision. Its intelligent design combines automated trading, flexible TP/SL settings (both real and virtual), and built-in risk management, ensuring that every position is aligned with account size and capital protection.
Gyroscopes MT5 Settings Review & Analysis
Gyroscopes MT5 is a high-frequency Expert Advisor (EA) that employs a Grid strategy combined with flexible Money Management for automated capital control. It uses an extremely small Grid Step for scalping minimal price movements, and implements dual exit control through both virtual and absolute Stop Loss/Take Profit for enhanced trade management.
Gyroscopes MT5 Settings
Installation Panel Parameters
Below are the details of the parameters in the advisor’s trading system settings table:
Gyroscopes MT5 Settings Panel
Money & Risk Management: The Key to Survival
This is the most critical group of settings, determining your trade volume and the overall risk exposure of your account.
| Parameter | Value | Meaning (Simplified) | Importance |
| Money-Management On | true |
Enables automatic capital management. The EA will calculate the lot size based on your account balance or equity. | Crucial. Should generally be set to true for better risk control. |
| 01 Money-Management | 10000 |
This is the base equity needed to trade a standard 1.0 Lot (or 0.1 Lot, depending on the programming). If you have $1,000, the EA will open 1/10th of the base lot, e.g., 0.1 Lot. | Needs adjustment based on your actual capital and acceptable risk level. |
| ½ Fix Lot | 0.01 |
Minimum/Fixed Lot Size. This is used as the base lot or the fixed lot if Money Management is turned false. With true, it serves as the base lot. |
Represents the smallest order volume, indicating a low-risk starting point. |
| 01 Lot Decimal | 2 |
Allows the Lot Size to have two decimal places (e.g., 0.15, 0.03…). | Ensures flexibility and precision when calculating exact lot sizes. |
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Stop Loss & Take Profit: Setting the Boundaries
These parameters define the exit points for trades, helping to protect your capital (Stop Loss) and secure profits (Take Profit).
| Parameter | Value | Meaning (Simplified) | Important Note |
| 01 Stop-Loss | 2500 |
Absolute Stop Loss measured in points. 2500 points equals 250 Pips (for 5-digit pairs like EURUSD) or 25 Pips (for 3-digit pairs like XAUUSD/Gold). | This is a relatively wide SL. You must confirm the correct unit (pip or point) to know the actual risk. |
| 01 Take-Profit | 2500 |
Absolute Take Profit also measured in points. The current Risk/Reward (R:R) ratio is 1:1. | An R:R of 1:1 requires a high winning rate to be consistently profitable. |
| ½ v-Stop-Loss | 33.0 |
Virtual Stop Loss (VSL). The EA will close the trade when the loss reaches 33.0 currency units (e.g., $33), regardless of the absolute SL level. | Virtual SL allows for faster reaction but carries a slight risk if the system loses connection. |
| ½ v-Take-Profit | 33.0 |
Virtual Take Profit (VTP). The EA closes the trade when the profit reaches 33.0 currency units. | This manages trades based on a specific dollar/money amount, which can be easier to control than pip values. |
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Execution Mechanism & Grid Strategy Details
These settings suggest the EA employs a Grid strategy (opening multiple orders at fixed intervals) and define its limits and execution rules.
| Parameter | Value | Meaning (Simplified) | Strategy Implication |
| 01 Grid Step (in points) | 5 |
Minimum distance between consecutive orders (Grid Step). 5 points often equals 0.5 pips (extremely small). | This tiny distance indicates a High-Frequency Scalping/Grid EA, capitalizing on minimal price movements. |
| 01 Limit Trades | 5 |
The maximum number of trades the EA can open simultaneously (or within the grid series). | Limits excessive stacking of orders, helping to mitigate high grid risk. |
| 01 Magic Number | 1 |
The unique ID assigned to trades opened by this specific EA. | Essential for the EA to manage only its own trades, avoiding manual or other EA’s orders. |
| ½ Maximum Permissible Spread | 20.0 |
Maximum acceptable price difference (Spread) to open a trade (likely 2.0 pips). | Ensures the EA does not enter trades when the market Spread is too wide (e.g., during news events). |
| ½ Slippage (in points) | 10.0 |
Maximum acceptable slippage when placing an order (likely 1.0 pip). | If the execution price deviates by more than 10 points from the requested price, the order will be rejected. |
| Type-Filling | ORDER_FILLING_FOK |
Order Filling Type: Fill Or Kill (FOK). Requires the entire order volume to be filled immediately. If not, the order is canceled. | Common for Scalping EAs that require fast and precise execution. |
| 01 tPause | 3000 |
Pause Time set to 3 seconds (3000 milliseconds). | The cool-down period between attempts to open an order or after a trading cycle is completed. |
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Key Advice for Beginners
- Test on a Demo Account: With a Grid EA and such a small step size (
Grid Step = 5), you must backtest and forward-test on a Demo account for several weeks to understand its behavior in various market conditions. - Confirm the “Point” Unit: Ask the EA developer how their “point” translates to Pips (i.e., is 10 points = 1 pip, or 1 point = 1 pip?). This will clarify whether the 2500 SL/TP is 25 pips or 250 pips.
- Adjust Money Management: The
10000setting must be adjusted based on the actual risk you are willing to take for every $1,000 of your capital.
Specification: Gyroscopes MT5 (Latest version) – GroupBuy
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User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What trading platform is Gyroscopes MT5 compatible with?
Gyroscopes MT5 is designed exclusively for the MetaTrader 5 (MT5) platform, ensuring advanced features and stable execution.
❓ Which currency pairs does Gyroscopes MT5 support?
The EA is optimized for 12 pairs, including EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, EURGBP, EURJPY, NZDUSD, USDCAD, EURCHF, AUDJPY, and CADJPY.
❓ What is the minimum recommended deposit to run this EA?
The recommended minimum deposit is $1,000, which allows the EA to perform effectively with proper risk management.
❓ Does Gyroscopes MT5 require manual intervention?
No, it is a fully automated Expert Advisor that executes trades independently based on its Elliott Wave algorithm.
❓ What risk management features are included in Gyroscopes MT5?
The EA provides flexible real and virtual Take Profit/Stop Loss levels, spread control, and money management based on account size.
❓ Is the EA suitable for both fixed and dynamic lot sizes?
Yes, you can choose between fixed lot sizes or enable the built-in money management feature to automatically adjust lot sizes according to your deposit.
❓ How reliable are the backtest results of Gyroscopes MT5?
Backtests across multiple pairs (up to 52 years of historical data) demonstrate strong profitability, high win rates (76%–83%), and very low drawdowns (below 4%).
❓ Which account type is recommended for best performance?
The EA performs best on ECN or Raw Spread accounts, where spreads are low and execution is fast.
❓ Does Gyroscopes MT5 work on any timeframe?
The recommended timeframe is H1 (1-hour chart), where the EA’s Elliott Wave strategy has been optimized for consistency.
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