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Black Pirate

BLACK PIRATE EA is a fully automated Expert Advisor design using algorithms and combined with some objects on Charts, so if you want to test we recomend to

using visual mode on tester. BLACK PIRATE EA will trades with signal send with Market Order and with Pending Order on News Events. For the News Event, the EA

using Forex Factory Calendar.

Philosophy :

We have a price level of price that is always modified time to time. It takes a lot of power to reach that levels. If the levels is exceeded, the power will be

reduced or even empty, which will cause the price will reversal. The condition where The Price continues after exceeding the levels is when there are

High Impact News.


BLACK PIRATE EA uses no grid, no martingale, no arbitrage, no hedges, no tick scalping, and the best part is running fully automatic. 

The EA allows you to trade a fixed lot, as well as includes the money management unit for automatic lot calculation based on the preset risk per trade.

Please use this EA on pairs with low spread and low stop level.

Best result using this EA are on GBPUSD, USDCAD and EURUSD pairs, and you can run on several instruments simultaneously.


Requirements and Recommendations

  • Please use this EA on M5 timeframe
  • The recommended account leverage is 1:500
  • If you want to have only one pair triggered at a time, please use the same Magic Number for all pairs.
  • VPS hosting 24/7 is strongly advised.


Attention! The EA operation requires the following link to be added to trusted URL:

http://www.forexfactory.com/ffcal_week_this.xml


Parameters

  • MagicNumber = 8989 - used to identify an order.
  • OrderCmt = blackpirate - comments on each trades.
  • Stoploss = 10 - Stoploss size in pips.
  • OCO = true - Feature to delete other pending order when order executed.
  • TrailingStop = 2 - trailing stop size in pips.
  • TrailingStart = 3 - Start for running trailing in pips.
  • MaxSpread=2 - maximum spread accepted to trade in pips.
  • MoneyManagement = true - set to true to enable auto money management. If false, ManualLotsize is used.
  • Risk = 2.0 - risk value for trades.
  • ManualLotsize = 0.01 - lot value used if MoneyManagement is false.
  • UseNewsFilter=true - Using News to trades.
  • ServerTimeZone=2 - Server Broker TimeZone.
  • NewsSymbol="USD,EUR,GBP,CAD,AUD,NZD,JPY" - Symbol want to use on News Events
  • MinutesAfterNews=2 - time in minutes after the news for the EA to delete pending orders
  • MinutesBeforeNews=2 - time in minutes before the news for the EA to trades.


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Version 1.1 2019.01.11
- Fix Bug while no news event to display