📌 Introduction

The Hon Matrix EA V1.2 is an advanced algorithmic trading system for MetaTrader 5 that combines Price Action, Volatility Analysis, and Real-Time News Filtering into a dynamic decision-making engine. Unlike static EAs, it automatically detects whether the market is trending or ranging and switches its entry logic accordingly. The EA features a professional-grade on-chart dashboard allowing live parameter adjustments without restarting, making it a powerful tool for both prop-firm challenges and personal account growth. It is specifically optimized for EURUSD and GBPUSD, leveraging their unique liquidity and volatility characteristics.

⚙️ Key Features

Adaptive Market Phase Detection – Automatically distinguishes between trending and ranging markets using H4 EMA, ATR, and RSI.
Triple-Module Entry Logic – Combines Fibonacci Grid, S/R Bounce & Breakout, and Linear Regression Channels.
Real-Time News Filter – Dual-source calendar (MT5 + WebRequest) halts trading before high-impact events like NFP, ECB, or BOE.
Interactive On-Chart Dashboard – Live P&L, spread, exposure, and clickable buttons to close profits/losses without restarting.
Smart Grid Recovery – Adds positions only on Price Action confirmation, not blind multiplication (non-Martingale).
Prop-Firm Risk Management – MaxAccountExposure, Equity % Stop Loss, and Hard-Close for news events.
Basket Management – Manages multiple trades as a single unit with a unified Ultimate Take Profit.
Dynamic Lot Sizing – Adjusts position size based on signal strength and volatility conditions.

📈 Recommended Settings

Currency Pairs: EURUSD, GBPUSD
Timeframe: M15 (optimal for grid logic) or H1 (for regression strategy)
InitialLotSize: 0.01 per $1,000 account balance
LotMultiplier: 1.1 – 1.2 (conservative recovery)
MaxAccountExposure: 5% (prop firm safe)
CloseLosesAtPercent: 8% (emergency equity protection)
UseFibonacciGrid: True
TrendTimeframe: H4
EnableNewsFilter: True
EURUSD Specific: MaxSpreadPips 25, GridDistance 250 points, Ultimate TP 50 pips
GBPUSD Specific: MaxSpreadPips 35, GridDistance 350 points, Ultimate TP 80 pips

✅ Advantages

✅ Adapts intelligently to both trending and ranging markets
✅ Live dashboard adjustments without EA restart
✅ Robust news filter prevents slippage and gap losses
✅ Prop-firm ready with strict drawdown controls
✅ Safe recovery grid – not a risky Martingale
✅ Optimized specifically for EURUSD and GBPUSD

❌ Disadvantages

❌ Steeper learning curve for beginners
❌ Requires ECN broker with low spreads for optimal performance
❌ Needs stable VPS connection for 24/5 operation
❌ Not ideal for exotic or illiquid currency pairs

🌐Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.