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.
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
Use this free forex EA on a VPS with minimal network latency to the broker’s server
Working time period of M15 charts.
The default start time settings (00:00) should start at 22.00 for winter and 21.00 for summer Greenwich mean time.
You can try to use the start of trading 23:55 for example, at this time (spread) a little less., deals and risk more.
If trading starts earlier (00:00) it is desirable to enable FILTER_SWAP to avoid opening positions with negative (swap).
Pirate One EA 1.6V Forex Robot
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
* Triple – a with Wednesday to Thursday did not open the position at which the negative (swap).
Permanent – do not open position if it is negative (swap).
Applies only if the trading start time is set before 00: 00