Forex Pirate Version: 1.0

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Forex Pirate Expert Version: 1.0

An updated and refined version designed to deliver high profits.

The "Forex Pirate" Expert Advisor can be utilized for both conservative long-term trading with minimal drawdowns and rapid, high-percentage gains over relatively short periods.

Key Features:

"TakeProfit" - The number of points to close a trade with a profit.

"StopLoss" - The number of points to close a trade at a loss.

"Slippage" - Slippage.

"Magic" - Advisor ID.

"Lot" - The transaction amount.

Dynamic Lot Settings:

"Dynamic" - Enables or disables the dynamic calculation of transaction volume.

"Risk" - Risk coefficient.

The Martingale Strategy, a classic approach, allows only one trade to be open at a time in each direction. If a loss occurs, the next trade will use a volume multiplier.

"Martin" - Enables or disables the martingale strategy.

"Multiplier Martin" - Lot multiplier.

The Forex Pirate Expert Advisor can also build grids.

"Setka" - Enables or disables the grid.

"Distance Setka" - Distance between orders in the grid.

"Multiplier Setka" - Multiplier.

A trailing stop feature is available if desired, provided you are not using the grid.

"Smart stop" - StopLoss.

"Smart_step_stop" - Trailing step.

There is a time-based trading function. If set to 00:00 and 23:59 by default, it is disabled.

"Start" - Start time for trading.

"End" - End time for trading.

A pause between trades ensures that each signal is only traded once.

"Pause_orders" - Enables or disables the pause between orders.

"Pause" - Pause duration in minutes.

The transaction timer is useful for those with a small deposit. When enabled, the Expert Advisor will cease trading after a specified number of orders are closed.

"Timer_orders" - Enables or disables the transaction timer.

"TotalOrderClose" - The number of orders after which the EA will stop.

"IndicatorClose" - Closes all trades on the instrument based on indicator readings.

Money Management at a Fixed Volume:

  • $100 - 0.01 high risk.
  • $1,000 - 0.01 average risk.
  • $10,000 - 0.01 minimum risk.

Money Management for a Dynamic Lot:

  • Extreme - Risk = 10;
  • High risk - Risk = 1;
  • Average risk - Risk = 0.1;
  • Minimum risk - Risk = 0.01;

The recommended minimum deposit for the EA is $100 or $1 (100 cents) on a cent account.

The default settings are optimized for EURUSD.
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