Speedometer TP SL Theory Probability

Speedometer TP SL Theory Probability is a multi-currency Expert Advisor, which works on many symbols and M1 or M5 timeframe.

The Expert Advisor does not use high-risk trading strategies like Martingale. It works with probability, take profit, and stop loss.

Using strategy Theory Probability Formula example:

1. ((open-close)+(High-close)+(low-close))/3.
2. Average True Range > Standard Deviation = BUY.
3. Average True Range < Standard Deviation = SELL.

It can also be used on other major pairs.

Recommendations

• Needed 1:300 leverage as a minimum.
• Use a broker with rebate, deposit bonus, low spread and VPS.
• You can begin to use it with $100 only.
• The used timeframe is M1 or M5.

Parameters

• MagicNumber: magic number.
• Risk: ratio of account balance to trade.
• MaxSpread: maximum spread to limit spread allowed to trade.
• stoploss: stop loss.
• takeprofit: take profit.
• Slippage: permissible slippage for opening an order.
• point: probability formula value.
• Speedometer: range market value.