The Devilfish EA is an expert advisor that can be found on the MQL5 store, we have linked it below just so there is no confusion with any other expert advisors with a similar name.
The current version of this expert advisor is version 1.7 and was last updated on the 28th of February, 2020.
The Devilfish expert advisor has been designed to work with MetaTrader 5, and so currently only works with that single trading platform. It is designed to work with high levels of volatility, but there isn’t much more information being provided about the expert advisor.
The features and requirements of the Devilfish EA have been listed below:
- Minimum account deposit: $ 150
- No configuration required
- Accounts: Netting, Hedging
- Currency pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDCAD, USDJPY
- It works on hourly bars, not demanding on the quality of Internet connection
- Works in the strategy tester in the “open prices only” mode
- It does not use super short trades (Scalping)
- It does not use martingale or averaging
The full price of this expert advisor is $54, you are also able to rent it which will cost you $20 per month. There is also a demo version available, however, there are some limitations to the account t such as not opening up trades on a Wednesday, there is also a profitability decrease of 20% compared to the full version.
There are a few different reviews available on the site, some positive and some negative.
“I don’t know why some people post great reviews but not post the real trades, I’m using more than one month, but has not good performance, I understand the volatility but the EA is not performing, usually Mikhail takes a lot of time to answer too” – That is a one-star review.
“Great job very good recommend”. – A 5-star review
“This week on USDJPY trade, the profit was USD 100+, why it does not close the order? Now from 100+ to losing position. I backtested from 03-03-2020 and the result was very good and all orders closed. But my real result now got 4 open orders all losses for many days already. What’s wrong?”. – Another one-star review.
So there are very mixed reviews, we would suggest testing out the demo to see how it functions before purchasing the full product.