Pirate

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

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