Description

Trio Orchestra Devil Version EA V1.02 MT4: A Scalping Strategy

Introduction

The Trio Orchestra Devil Version EA V1.02 MT4 is a free, no-expiry, little grid rider designed for scalping in the forex market. It aims to capitalize on ranging markets and consistent trends. Below, we’ll explore the key aspects of this EA.

Key Features:

• Minimum Deposit: While there’s no strict minimum deposit requirement, we recommend starting with at least $200 to ensure sufficient margin for grid trading.
• Time Frame: The recommended time frame for running this EA is 15 minutes (TF15). However, consider switching to 30 minutes (TF30) if you notice significant drawdown (DD) on a specific pair.
• Currency Pairs: The Trio Orchestra Devil Version EA works well with various currency pairs. Some popular choices include:
  • EUR/USD
  • GBP/USD
  • USD/JPY
  • AUD/USD
  • USD/CAD

Strategy:

1. Grid Trading Approach:
   • The EA operates as a grid trader, meaning it places buy and sell orders at predetermined intervals (grid levels).
   • It thrives in ranging markets, where price oscillates within a defined range.
   • Be cautious during strong trends, as continuous movement without retracement can lead to account losses.
2. Lot Size and Exponent:
   • Starting Lot Size: Set your initial lot size (e.g., 0.01).
   • Lot Exponent: This multiplier determines subsequent lot sizes. For a grid strategy, use values like 1.1, 1.2, etc., to build the grid.
3. Max Lot Size:
   • The EA won’t exceed the specified maximum lot size (e.g., 5.0 lots).
   • Avoid excessively large positions to manage risk.
4. Equity Protection:
   • Enable equity stop (UseEquityStop) to close all trades if equity reaches a certain drawdown.
   • Set TotalEquityRisk (e.g., 20%) to limit the percentage of equity at risk.

Disclaimer:

• Demo Testing: Always test the EA on a demo account first.
• Major Changes: Refrain from using it on a live account until major changes have been made.
• Single Trade per Candle: Activate only one trade per candle.
• Hedge Function: The coders are working on implementing a hedge function to manage large drawdowns.

You can check more on –

yoforex.org

fxcracked.org

forexfactory.cc

yoforexea.com

mql5.software

How to Get Started

1. Download :
   • Download Trio Orchestra Devil Version EA V1.02 from the provided link. https://www.yoforex.org/product/trio-orchestra-devil-version-ea-v1-02/
   • Visit our website https://www.yoforex.org/ for additional resources and insights.Contact:  @yoforexpremium

 

😎💫Happy Trading💫😎