# Twin Reaper FX

Two grid engines, Phantom for USD-strength voting and Wraith for Bollinger bands, each with its own parameters and stop-losses.

Canonical: https://prismaticalgos.com/compendium/algo/10406-twin-reaper-fx
Record ID: 10406
Catalog rank: 1341 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Mean Reversion & Counter-Trend (B)
Source: https://www.mql5.com/en/market/product/201925
Evidence label (unverified): backtest_shown

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Claim warnings: RECOVERY SIZING: position size increases after losses (martingale/grid/averaging). Equity curves look smooth until the run that does not recover - judge it on worst-case exposure, not win rate.

## Recorded profile

- symbols: GBPUSD
- timeframes: H1
- sessions: Not specified
- market_regime: any

## Indicators

- Bollinger Bands: {"period": null, "stddev": null}; applied to: close

## Recorded long-entry rules

- close above the upper Bollinger band

## Recorded short-entry rules

- close below the lower Bollinger band

## Recorded exit rules

- give-back trail

## Recorded filters

- Not specified.

## Risk controls

- Stop loss: Basket SL (points) — close the basket if it runs this many points against the average entry; Equity-% SL — close the basket when its floating loss reaches this percentage of account equity.
- Take profit: Basket TP 500 pts for Phantom
- Position sizing: 0.01 start lot • add every 500 pts • max 15 orders • martingale ×2 for Phantom; 0.01 start lot • martingale ×1.25 • max 20 orders/side for Wraith