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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.
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