Tasmanian Devil is a fully automated Expert Advisor with no use of martingale and gridsystems. It Uses significant price
levels to make the order entries.
All trading positions contain a stop loss, and also include take profit. Which results in a very low draw down.
Advantages
- Advanced algorithm for tracking positions.
- Each item contains a protective stop loss.
- Work with fixed and risk based lots on MM.
- Does not use indicators, grid, martingale, arbitration.
- More exit strategies
- Protection against spread increase.
- Low trading drawdown.
Recommendations
- The minimum deposit is $50.
- Recommended pairs: EURUSD, GBPUSD but other pairs may also be profitable.
- Timeframes: H1 and may also work great on lower timeframes.
- Use an ECN-broker with fast order execution. i reconmend http://www.icmarkets.com/?camp=28024
- For reliable and trouble-free operation it is desirable VPS.
Input parameters
Money Management
- Lot mode – How to determine how many lots to use on each order.
- Fixed lot – Uses the fixed lot for orders.
- Risk – Uses a risk calculated lot.
- Fixed lot – the lot for manual lot trading.
- Risk of account %. – Risk value.
Exit Settings
- Exit strategy – How to exit the order.
- Stoploss and Take profit – Sets SL and TP
- Trail – Trailing the order.
Stoploss TakeProfit
- Take profit – Set Take profit
- Stop loss – Set Stop loss.
Trail
- Trailing. Start – When to start trail
- Trailing. Step – Steps to trail.
Spread
- Use high spread protection – Use spread protection?
- High spread – Don’t place orders if spread is higher than this
Misc
- MagicNumber – unique identifier of the Ea’s orders.
- Trade Comment – Order comment
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