Courses Infomation

Pirate EA

Pirate EA

Archive : Pirate EA

This Expert Advisor trades during a small market volatility. It tracks the price levels, then opens positions and manages them until they are closed with a profit or a small loss. You can limit the number of opened positions. Only one position can be opened on a bar.

It does not use strategies like martingale, position averaging, loss overstaying, etc.

All positions are opened with fixed Take Profit and Stop Loss levels.

It is possible to use a dynamic lot to increase the volume of positions during a successful trading.

The main currency pairs: CHFJPY, EURCHF, USDCAD, EURAUD, USDCHF.

It is recommended to use accounts with five-digit quotes and moderate spread.

Parameters

• MONEY_MANAGEMENT – use dynamic lot
• RISK – risk as a percentage of account free margin
• ORIGINAL_LOT – fixed lot if MONEY_MANAGEMENT=false
• ORDERS_BUY – the number of Buy positions opened at a time
• ORDERS_SELL – the number of Sell positions opened at a time
• TAKE_PROFIT – take profit value
• STOP_LOSS – stop loss value
• MAX_SPREAD_OPEN – the maximum allowable spread for opening positions
• START_TRADING – hour to start trading
• STOP_TRADING – hour to stop trading
• NOT_TRADE_NEWS – trade using the news filter
• INDENT_AFTER_NEWS_MINUTES – the filter is activated the specified number of minutes before a news release
• INDENT_BEFORE_NEWS_MINUTES – the filter is disabled after the specified number of minutes after a news release
• ENABLE_LIGHT_NEWS – normal news
• ENABLE_MEDIUM_NEWS – average importance news
• ENABLE_HARD_NEWS – important news
• YOUR_TIME_ZONE,_GMT_(FOR_EWSN) – GMT time zone of the terminal
• CURRENCY_TO_DISPLAY_THE_NEWS – the currency of news to display (if empty, then the current pair will be used)
• DRAW_ONLY_THE_FUTURE_OF_NEWS_LINE – only show lines of future news releases
• SIGNALS_ON_THE_UPCOMING_NEWS – notify of upcoming news
• MARKET_WATCH – market execution
• FILTER_TRIPLE_SWAP – triple swap filter (do not trade from Wednesday to Thursday)
• CLOSING_TIME_SIMPLE – if the trading time is over and there is a position, the function will try to close them with a breakeven or with a small loss
• MAGIC_NUMBER – magic number of positions
• SLIPPAGE – price slippage
• DEALS_ON_THE_BAR – is to Trade multiple times on the bar
• TIME_PERIOD_BAR – bar Period
• USE_VIRTUAL_TP_SL – use virtual Take Profit and Stop Loss (lines are drawn only if there is 1 position in the trading direction)
• DISPLAY_TABLE – display a panel with information on trading account and currency pair
• USE_A_SOUND – use sound signals

*** For a proper operation of the news filter:

Open: Tools/Options/Expert Advisors

Enable WebRequest for the following URLs, add http://ec.forexprostools.com/?columns=exc_currency,exc_importance&importance=1,2,3&calType=week&timeZone=15&lang=1

Salepage : Pirate EA

More From Categories : Meta Trader 4