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Pirate One EA 1.6V - highly profitable night scalper

Published: 18.01.2021
Reading time: 30 minutes
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8100
pirate-one-ea-1-6-v

Pirate One EA 1.6V is called a profitable "night scalper", as it opens trades after the end of the US session (this is 22:00 GMT), when the market has the lowest volatility. The EA does not use dangerous money management methods such as martingale, position averaging, grid, etc. It withstands 21 years of testing with confidence. It is possible to use virtual or fixed Take Profit. Read more about the advisor settings below.

Сharacteristics of the Pirate One EA 1.6V

  • Platform: Metatrader4
  • EA version: 1.6
  • Currency pairs: Any, recommended EURCHF, EURGBP, GBPUSD, CHFJPY, EURAUD, USDCAD
  • Trading Time: After the end of the US session (trading time can be set in the settings)
  • Timeframe: Any, recommended M15
  • Recommended broker: Roboforex, XM, Forex4you

Trading algorithm

The Expert Advisor monitors price levels for several indicators and, based on this, opens deals during a period of low market volatility - after the end of the US session (the trading time can be changed in the settings). After opening a trade, the robot monitors it until it closes with a profit or, if unlucky, with a small loss:

pirate-one-ea-trading-algorithm

Testing on Historical Data

The author calls EURCHF, EURGBP, GBPUSD, CHFJPY, EURAUD, USDCAD as the main pairs for profitable EA trading. It was on these pairs that I performed testing in two versions: with dynamic (default settings) and fixed lot (USING = LOT; RISK / LOT = 0.1). The testing period is 2000-2021:

CHFJPY 2000-2021 Auto Lotpirate-ea-CHFJPY-2000-2021-auto-lot

CHFJPY 2000-2021 Fixed Lotpirate-one-ea-CHFJPY-2000-2021-fix-lot

EURAUD 2000-2021 Auto Lotpirate-ea-EURAUD-2000-2021-auto-lot

EURAUD 2000-2021 Fixed Lotpirate-ea-EURAUD-2000-2021-fix-lot

EURCHF 2000-2021 Auto Lotpirate-ea-EURCHF-2000-2021-auto-lot

EURCHF 2000-2021 Fixed LotEURCHF-2000-2021-fix-lot

EURGBP 2000-2021 Auto LotEURGBP-2000-2021-auto-lot

EURGBP 2000-2021 Fixed LotEURGBP-2000-2021-fix-lot

GBPUSD 2000-2021 Auto LotGBPUSD-2000-2021-auto-lot

GBPUSD 2000-2021 Fixed LotGBPUSD-2000-2021-fix-lot

USDCAD 2000-2021 Auto LotUSDCAD-2000-2021-auto-lot

USDCAD 2000-2021 Fixed Lotpirate-one-ea-1-6-v-USDCAD-2000-2021-fix-lot

As you can see, the Expert Advisor confidently passes the 21-year test with the default settings. This is a good result. I am sure that if you perform the optimization for each pair separately, the test results will be much better, although they are already excellent.

A small video with a visualization of testing:

Settings

The EA has the following settings

pirate-one-ea-inputs

  • 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

The default start time settings (00:00) should start at 22.00 for winter and 21.00 for summer Greenwich mean time.

Broker server time must coincide with the beginning of the trade when it appears: Trading is permitted! The broker's server time can be seen in the Navigator of your MT4:

broker-server-time

So for the broker Roboforex, the time zone offset relative to Greenwich is +2 hours, that is, GMT +2. Use this page to find your GMT time.

If trading starts earlier (00:00) it is desirable to enable FILTER_SWAP to avoid opening positions with negative (swap).

The author does not recommend using the EA simultaneously on several currency pairs for one trading account, especially if these pairs are correlated with each other. It is better to start with one well-tested pair with optimized settings and low risk or fixed lot. If the trading results are positive, then you can gradually add pairs and risk.

You must use a broker with 5-digit quotes and an ECN account with a low spread. I am using RoboForex ECN accounts with zero spread.

Get the X Trend Premium

In addition, you should take care of a VPS server in order to avoid unwanted moments in the event of a network interruption and to achieve stable operation of the advisor. Although, I must say that for Pirate One EA V 1.6 this is not so important, because this robot trades only 1 hour a day.

In the archive Pirate_One_EA_V_1_6.rar (230.0 kb):

  • Pirate One 1.6_fix.ex4
  • Pirate v1.20.ex4

Free Download Pirate One EA 1.6V

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Author:
Daniel
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Comments:
  • Markus
    Published: 19.01.2021 Reply to the message

    Thank you for testing it!

  • Andrey
    Published: 21.01.2021 Reply to the message

    I checked the indicator, from 22.00 to 23:00 GTM spread on all pairs is 80-150 points, so it is impossible to open and close orders on the ones specified in the tests. The indicator is 100% ineffective :-!

  • moses thapelo
    Published: 21.01.2021 Reply to the message

    hi i want ask this pirate indicator is is 100% is for trand or signals

  • Nisse
    Published: 22.01.2021 Reply to the message

    Looks good in strategy tester, to good. When I compere ST results and forwarded test result there is a huge difference. I get $179 loss in ST but in for forwarded test it gave $1790 loss. So yet another bullshit EA curved fitted for backtesting.

    • Ivan
      Published: 07.03.2021 Reply to the message

      I have been running this EA for almost 2 weeks now with a 0.5% account risk on all currency pairs, I have made more than $2000 net profit without a single loss.
      This EA works great if you actually use it like you are supposed to

      • john
        Published: 17.03.2021 Reply to the message

        can you provide me with your set file?

      • Catalin
        Published: 24.03.2021 Reply to the message

        Could you please tell me what broker are you using, i would really appreciate it since my "zerospread" ones are always too high during that period. Email me at kmustuc@gmail.com please

  • Eric
    Published: 22.01.2021 Reply to the message

    Hello. I just wanted to say a few things about the EA. I'm trying it on a demo ECN account. The default settings are not optimized if the server time doesn't match. I'm using it from the US and my time zone is EST. I changed the trading time to 6pm to 7pm EST or New York time. My MT4 platform shows 1:00 to 2:00 which is the beginning of the Asia session. I used the settings on 1-21-21 and 1-22-21. Both days the EA opened trades that were winners. The EA is running on the GBPUSD 15minute timeframe. I'm going to continue to run the EA for 30 days. The only issue with the settings is that the MAGIC NUMBER is not available to change and use on other forex pairs at the same time. Hope this helps.

  • ik
    Published: 02.02.2021 Reply to the message

    dont work on Alpari broker?

  • Shreekaant kumar
    Published: 06.03.2021 Reply to the message

    Sir i am new user. Pls. Help me what I do. :(

  • Shreekaant kumar
    Published: 06.03.2021 Reply to the message

    Pls give me a link of mt4 and other instructions.

  • Manjit
    Published: 06.03.2021 Reply to the message

    Hi Daniel link does not work?
    Do you have another?
    Thanks

  • Paul
    Published: 22.03.2021 Reply to the message

    The server of my broker is GMT +3, I must enter 01.00 for the START_TRADING value and 02.00 for the STOP_TRADING value, is it correct?

  • Felipe
    Published: 31.03.2021 Reply to the message

    First of all thanks to Daniel for sharing this EA. After doing my backtesting, I put the expert for more than a month in several brokers such as IC Markets, FBS, RoboForex, FXOpen but in some of them the robot does not open operations due to the spread and in the end the results are not consistent.

    Could you please share the brokers where you are the expert is working properly?

  • GIORGOS TZIOLAS
    Published: 15.04.2021 Reply to the message

    It doesnt take any trades for me on real. It places more than one trades per night on backtest but in reality it takes 0 trades

    • GIORGOS TZIOLAS
      Published: 15.04.2021 Reply to the message

      I've checked my spreads during trading hours and are within the ea's limits

  • Jonathan D'Hauwers
    Published: 16.04.2021 Reply to the message

    I've used this EA for a couple of weeks on Roboforex ECN live and demo accounts on default settings on EURCHF and CHFJPY. It opened 0 trades. I don't know why.

    Is it because the spreads are bigger than the set file default (30) during those times?

  • RECEP KARACA
    Published: 22.04.2021 Reply to the message

    This is not working on real account. just for test purpose.

  • Brizki
    Published: 03.05.2021 Reply to the message

    It takes trades but the TP/SL not according to the setting. Can you tell me how to set it properly?

    The expert log said "minimum tp/sl is 25 pips"
    But... When i try different EA, the tp/sl can be set to 7 pips. What went wrong???? :(

  • Eric
    Published: 05.05.2021 Reply to the message

    Hello Daniel,

    Did you personally experimented this EA on a live account ? Your conclusions ? Is it really profitable ?

    Best

  • Katleho Masita
    Published: 16.05.2021 Reply to the message

    Hi Daniel,

    I like the Pirate One 1.6 EA. The trading style is good for my trading personality, but I see that the back-testing results do not exactly match the live conditions - sometimes the EA is not executing trades when I thought it would, is there any issue with this and how would you recommend that I solve it?

    Thank you very much.

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