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Frequently Asked Questions
What is the recommended money management?
Tricky Twister performs best when trading simultaneously on two pairs, EURUSD and GBPUSD. All settings provided with EA are adjusted for deposit of $10k ($10,000) and the minimal lots size allowed by the broker of 0.01 lots (= $1000 = $0.1 per pip). If you are trading with a larger deposit, just set AutoMM to TRUE and EA will recalculate the starting lot size accordingly.
The minimal deposit to trade with Tricky Twister is
|Regular $ accounts with minimal lot 0.01 (=$1000)||$10,000|
|Cent accounts with minimal lot 0.1 (=10,000 cents = $100)||$1,000|
|Cent accounts with minimal lot 0.01 (=1,000 cents = $10)||$100|
What are the recommended brokers?
Tricky Twister will work well on most brokers, 4-digits and 5-digits alike. You might wish to choose a broker with smaller spread on EURUSD and GBPUSD pairs. If your account deposit is not large enough for proper Money Management setup on a regular account, you may wish to use a cent account, which will restrict your choice of broker, as not all brokers offer cent accounts. The official live monitorings of Tricky Twister run on Forex4you.
What is the recommended leverage?
We recommend leverage 1:500, as it minimizes the marginal load on your deposit. But smaller leverages like 1:300 and 1:200 are also possible.
Is there a risk of blowing up my deposit with Tricky Twister?
Yes. Tricky Twister uses two carefully-chosen non-overlapping martingale strategies, which are very profitable but also bear risks for your deposit. The recommended Money Management setup yields the optimal performance in terms of the profit-to-risk ratio, but it does not guarantee against a blow-up. The following simple rules are highly recommended:
1? Do not put more money in trading than you can afford to lose.
2? Distribute your risks. (Never put all eggs in one basket.) Split your deposit in relatively small parts and run different EAs/ different pairs/ different settings on each of them. In this way, even if a blow-up will occur, it will not do much harm to your overall performance.
What timeframe should it run on?
You can attach Tricky Twister to any timeframe, H1 is the most convenient choice.
What currency pair should it run on?
Tricky Twister performs best when trading simultaneously on two pairs, EURUSD and GBPUSD.
Do I have to keep my computer on 24/7?
Tricky Twister should keep working 24 hours a day from the market opening on Monday to the market closing on Friday. You can switch computer off during weekends and banking holidays but it is not necessary. Usage of Virtual Private Server (VPS) service is recommended but not required.
How many accounts are included into license?
All Tricky Twister licenses are valid for one trading account. The trading account can be changed at any time. In order to change the account, you need to send us an e-mail with the request.
How to activate my license?
After you bought your license, you need to send us the number of your trading account by e-mail.
How to download the settings advisor in MT4?
Short video on how to install Forex Expert Advisors, how to modify the EA settings. In this video you will learn about expert advisors in forex and how to execute them successfully. http://www.youtube.com/watch?v=_wiXIFv-gM0
Is Tricky Twister compliant with the NFA regulations?
It is not. In order to achieve high performance, Tricky Twister places simultaneous long and short orders, which is not allowed by the NFA-regulated brokers (the so-called “no-hedge” requirement). If you wish to use Tricky Twister, it will have to be on either a non-NFA regulated broker or an off-shore broker.