Pirate One EA review
Pirate One EA is a Forex algo robot that trades with a channel strategy during the Asian session. This is a fairly popular strategy for trading with little risk. The EA waits until the market volatility drops to a minimum and the quotes reach the borders of the price channel. As soon as the quotes reach the reversal area, Pirate One EA makes a trade towards the center of the price channel. This Forex Expert Advisor uses protective Stop Loss orders to save capital. Martingale and averaging are not applied. The size of the trading lot is calculated automatically depending on the size of your trading account. The larger the trading account, the larger the trading lot size. This forex trading robot for beginners will be a great addition to your portfolio. The only requirement is to use an account with a narrow spread for trading (check – your broker must have this type of account).
- Trading strategy: scalping inside the price channel according to the “Asian strategy”
- No martingale and No grid
- Uses Stop Loss orders
- On a first part of Asian session
- Trading asset: EURCHF, EURGBP, GBPUSD, CHFJPY, EURAUD, USDCAD
- Timeframe for trading: M15
- Minimum deposit to start trading: $100
- Leverage 1:30 and more
- Recommended account type: narrow spread (for scalping). We recommend RAW Spread account ICMarkets broker.
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