The Pirate One EA trades during small market volatility, after the end of our session, tracking the price levels on several indicators. After that, it opens positions and monitors them until they are closed with a profit or, if possible, with a small loss.
It does not use the martingale strategy, averaging positions, waiting for loss, etc. Positions can be opened with fixed TakeProfit and virtual. It is possible to use a dynamic lot to increase the volume of positions with successful trading.
The size of Risk, TakeProfit, and Stoploss, only for average testing, for each currency pair to select separately!.
- Work Best On EURCHF, EURGBP, GBPUSD.
- Possible currency pairs for testing: CHFJPY, EURAUD, USDCAD.
- I do not recommend a bet on all pairs at once! especially if they are correlated with each other. It is better to put first on one tested and optimized pair with a small risk, or a fixed lot, to get acquainted with the trading process. Once the trading results are satisfactory, you can add risk and pairs.
- Work best on M15 Time Frames
- Low Spread ECN account is recommended (Find the Perfect Broker For You Here)
- Use this free forex EA on a VPS with minimal network latency to the broker’s server(Reliable and Trusted FOREX VPS – FXVM)
- USING – Select whether to trade risk or fixed lot
- RISK – Use risk, % of available funds
- LOT – Use fixed lot
- RISK/LOT – risk or fixed lot Size
- WHAT_TP_TO_USE – the Choice of which to use TakeProfit
- VIRTUAL – Virtual
- REAL – Real
- TAKE_PROFIT – Set profit
- STOP_LOSS – Set loss
- MAX_SPREAD_OPEN – Maximum possible (spread) to open positions
- MAGIC_NUMBER – Magic number of the positions
- SLIPPAGE – Slippage rates
- FILTER_SWAP – Filter (swap) *
- DISABLED – Disabled
- TRIPLE – Triple
- FULL – Permanent
- DEALS_ON_THE_BAR – is to Trade multiple times on the bar
- TIME_PERIOD_BAR – bar Period
- USE_A_SOUND – Sound notification
- START_TRADING – Hour to start trading expert
- STOP_TRADING – End of expert Advisor trading Hour
If true and the position is not closed by TP for a long time, the expert Advisor decides how to close it. If false, positions are closed only by TP and SL.