Market / MetaTrader 4 / Experts /

Ophiuchus

FREE

Published: 29 July 2020

Current version: 2.45

Ophiuchus

Experts
Limitless Trading Enterprise
Version: 2.45
Updated: 14 June 2021

Due to policy changes in MQL5.com, we cannot continue our free trial program here. However, you can request to test our EA in live account though here .

Ophiuchus is the 13th zodiac and it is also the name for this EA as 13 is the key elements for this trading strategy.

Trading Strategy

The following are the main characteristic of this EA.

Martingale based strategy.

Only open more trades when it is on the right direction.

earn small profit for each trades but a lot of volume everyday.

Profit from the volatility of the market.

Tested and Proved to be able to profit on EURUSD trading with M1 timeframe.

Back Test Result

Back test result are as following

Back test from 1 Jan 2017 till 1 July 2020 (42 months) with starting capital of USD 2000.
Total Net Profit USD 13,949.51 with total 21778 trades.
Average monthly profit USD 332 ( ~ 16% return per month).
You can refer the back test video here.
Live Account performance are tracked via myfxbook . You can see exact trade history from past and current trade via myfxbook. Go to myfxbook and then search for "Ophiuchus" and then click on Systems tab (not the user tab). You will be able to see Ophiuchus trading system performance there. (We can't post myfxbook link here).

Available Setting

Profit Target for each Order - Profit target in fractional pip for every open order.
Starting Lots - The lot size for first order. The lot size will increase in the subsequent order.
Maximum # of trades - Maximum number of orders the EA allow to open.
Max Spread Allow - Only will open order if the spread is within this value.Change it based on your broker's spread.
Enable Last Trade - If this is enabled(set to true), no new order will open after the chain of orders are closed. Handy when you want it to stop trading after the current orders are closed.
Magic Number - Unique identifier for orders traded by this EA.

Recommendation

For the setting, use the default setting except the starting lot.The starting lot will depend on your capital. If your capital is USD 2,000, you need to start with 0.01. If it is USD 20,000, you can start with 0.1. You can also use cent account or micro account to start with small capital.

The starting lots must CHANGE based on your capital using above ratio.

For the max spread allow, you can configure based on your broker's spread range.

As this is high frequency trading, you need to use a broker account that has no commission charge. If you can find forex account without swap charge, then it is better.

In short, full recommended configuration are as following.

Use broker with no commission charge
Preferably with no swap fee too
Starting Lots must change with this formula - Starting Lots = Capital / 200,000. Eg, Capital = USD 2000. Starting Lots = 2000/ 200,000 = 0.01. You must use at least 200,000 as minimum ratio. You can choose to use higher number like 300,000 or 400,000 for safer configuration. Safer configuration means lesser profit too, but you will have lesser chance to have margin call. You will need to balance between profit and safety yourself.
Leverage must be 1:500 or above
Can run on Cents account or Micro Account if you want to start with smaller capital.
Run this EA on EURUSD on M1 timeframe. I received feedback from other users that it works great on other currency too,but do test it yourself with own risk.

If you are looking for broker that fulfill the above criteria, you can either use FBS or XM.

This is a trial version with limited period(till30 September 2020).

If you try this and you like it, you can purchase the full version here .

Alternative of running the EA on your machine for 24 hours, you can also opt to purchase the trading signal of Ophiuchus here . You can save the hassle for the setup and running it 24 by 5 trading day. You can verify the live performance of Ophiuchus from the trading signal performance.

If you have any question or would like to follow the update/progress on Ophiuchus or my Upcoming EA , you can follow the FB page here or PM me there.

Warning!

This is high risk trading and you might lose all your capital in your account, please make sure you start with amount that you are comfortable with. Try this with your own risk and no one will be responsible for your loss.

Hope you like this EA! Please leave me some comments if you like this EA as your recognition means a lot to me.

Happy trading and may the force be with you !

more...

palmer134 2022.11.18 14:40 #

Good job & test

2512

Dr Waleed Mahdy 2020.11.29 08:20 #

there is a good expert and gives a good profit, but I have been on this site for more than 10 years. Renting any product is a waste of money and does not help ...

166

Mr. Polwal 2020.11.02 19:35 #

A very profitable EA. Settings are reduced to a minimum. In addition to EURUSD, it can also handle other currency pairs and deliver profits. It has been running on three demo accounts for three weeks and has now been on a real account for a few days, only making profits.

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Ophiuchus is the 13th zodiac and it is also the name for this EA as 13 is the key elements for this trading strategy. Trading Strategy The following are the main characteristic of this EA. Martingale based strategy. Only open more trades when it is on the right direction. earn small profit for each trades but a lot of volume everyday. Profit from the volatility of the market. Tested and Proved to be able to profit on EURUSD trading with M1 timeframe. Back Test Result Back test result are

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Limitless EA is a martingale based EA, which provide a lot of configuration to customize your martingale strategy to suit your personal risk profile. Trading Strategy Main characteristic of this EA: Martingale based strategy. Determine very short term trend as the aim is to get small profit on each trade. Open more trades to ensure the profit target is closer to current price. Earn small profit for each trades and extremely large volume of trading everyday. Profit from the volatility of the mar

499.99 USD

Jakiro, the Twin Head Dragon in Dota Game, is a ranged intelligence hero who utilizes the powers of ice and fire with powerful linear area spells. Having the same characteristics as Jakiro, Jakiro EA is a duo-thread EA that can monitor the market to buy and sell the same pair of currency simultaneously. This provides Jakiro EA’s ability to profit no matter in an uptrend or downtrend market. Jakiro EA Strategy Martingale + Hedging + Compounding Martingale - The EA will open more orders with hi

240 USD

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palmer134 2022.11.18 14:40 #

Good job & test

[Deleted] 2020.12.31 10:37 #

User didn't leave any comment to the rating

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Reply from developer Foo Kwok Whye 2020.12.31 15:00 #

Thanks for the review! Hope it helps you to earn real profit.

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Dr Waleed Mahdy 2020.11.29 08:20 #

there is a good expert and gives a good profit, but I have been on this site for more than 10 years. Renting any product is a waste of money and does not help ...

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Hicham Akbiri 2020.11.09 12:48 #

best ea thank you

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Reply from developer Foo Kwok Whye 2020.11.09 14:11 #

Thank for the review :)

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Mr. Polwal 2020.11.02 19:35 #

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Reply from developer Foo Kwok Whye 2020.11.03 00:16 #

Thanks for your great review :). Your feedback is important to me.

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Mohamed Elmaraghy 2020.08.21 20:16 #

I am using Ophiuchus for last 3 weeks, the EA is great and extremely profitable, and if you have any inquiries you will get immediate support from Mr. Foo Kwok Whye

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Reply from developer Foo Kwok Whye 2020.11.03 00:16 #

Thanks for your review. happy to support you again when you have new inquiries.:)

Version 2.45 2021.06.14

- This version will only trade till 19 Jun 2021.

Version 2.44 2021.05.30

- This version will only trade till 5 Jun 2021.

Version 2.43 2021.05.16

This version will only trade till 22 May 2021.

Version 2.42 2021.05.02

This version will only trade till 8 May 2021.
FB link is updated.

Version 2.41 2021.04.18

This version will only trade till 24 Apr 2021.

Version 2.39 2021.03.14

This version will trade till 20 March 2021.

Version 2.38 2021.02.28

- This version will trade till 6 Mar 2021.

Version 2.37 2021.02.15

This version will trade till 20 Feb 2021.

Version 2.36 2021.02.01

- This version will trade till 6 Feb 2021.

Version 2.35 2021.01.17

- This version will trade till 23 Jan 2021.

Version 2.34 2020.12.28

- Trade till 9 Jan 2021

Version 2.33 2020.12.12

- This version will be able to trade till 19 Dec 2020

Version 2.32 2020.11.29

- This version will be able to trade till 5 Dec 2020

Version 2.31 2020.11.14

- Is able to trade till 21 Nov 2020

Version 2.3 2020.10.31

- Bug fix on Adjust target price logic
- Able to Trade till 7 Nov 2020.

Version 2.2 2020.10.17

- Improve recommended lot size warning
- This version will trade till 24 Oct 2020.

Version 2.1 2020.10.04

- Improve the logic to calculate the average price.
- this version will trade till 10 Oct 2020.

Version 2.0 2020.09.10

// Ophiuchus Trial v2.0 - This version provides users more control on this EA. Suitable for Trader with some technical analysis skills.
- Added Trade New Series button to replace Enable Last Trading configuration.
- Added Trade Buy or Trade Sell button to let User decide the trade direction that they want.
- Added Long Term Trend based on 50MA/200MA to let users know the current trend.
- Added Current Trend duration and Last Trend duration to let the user know how long the current trend lasts till now and how long does the last trend lasts.
- Added Recommended Lot size warning to warn users when they set a higher lot size than the recommended lot size.

Version 1.7 2020.08.31

Update default value for the EA.

Version 1.6 2020.08.19

Ophiuchus Sep 2020 Trial v1.6 - Shorten Order Comment to show the order sequence on order comment.

Version 1.5 2020.07.29

Minor Tweak