Sphinx EG EA v1.0 MT4 with sets is an automated trading system designed for Metatrader 4 (MT4). It utilizes two indicators, BBDeviation and EnvelopesDeviation, both based on moving averages, to analyze the forex market on a 5-minute timeframe. By combining these indicators, it generates trading signals. Notably, it allows traders to set a maximum percentage of their account balance to be risked per trade based on market volatility.