The Sisyphus (MT5) — review, price and free alternatives

The Sisyphus review for 2026 provides a practical performance analysis of an MT5 expert advisor designed for equity indices. In this review and analysis we examine backtest and live-sample data, noting annualized return targets and drawdown behavior. The Sisyphus combines momentum triggers with a moving-average trend filter to enter long positions when higher-timeframe bias is bullish, and it exits or avoids trades when trend conditions deteriorate. The strategy is named after the myth because the logic repeatedly seeks the upward bias of global stock indices.

What makes The Sisyphus unique is its focus on long-only index exposure and its combination of momentum entries with trend filtering, which reduces whipsaw trades during sideways markets. The algorithm evaluates momentum on shorter intraday timeframes while applying a higher-period moving average as a trend gate, typically using H1 or H4 charts on MT5. Risk management is explicit: the EA supports configurable stop loss, trailing stop, and position sizing based on account equity or fixed lots.

Practical use cases include overlaying the EA on a diversified account or running it on dedicated index CFD accounts. Traders should validate results on their broker and account type, and use the built-in parameters to adjust aggression versus drawdown trade-offs.

The Sisyphus is best characterized as a moderate-risk system when used with recommended settings and conservative position sizing. It relies on stop loss and trailing stop mechanisms; users can choose fixed stops or volatility-based stops such as ATR multiples to adapt to changing market conditions. Position sizing is typically fractional, with a conservative recommendation of risking 0.5 to 1.5 percent of account equity per trade; more aggressive users may increase risk but will raise drawdown risk accordingly. Vulnerabilities include prolonged sideways markets and sharp overnight index gaps, which can generate whipsaws or slippage. For typical index trading with standard CFD margin, a recommended account size is $3,000 or higher to accommodate position sizing and margin requirements while avoiding excessive leverage. The EA includes parameters to limit simultaneous open positions and to pause trading in adverse conditions.

Install the EA by copying the Expert Advisor file into the MT5 Experts folder and restarting the platform. Attach The Sisyphus to an index chart (H1 or H4 recommended) and enable automated trading in MT5. Configure key parameters such as risk per trade, lot sizing mode (fixed or percent of equity), stop loss type, and moving-average period for the trend filter. Use ECN or STP brokers with low spreads and fast execution for best results, and ensure the broker supports the chosen index CFDs.