Realised Ophiuchus Paid Version

Buy the 'Ophiuchus Paid Version' Trading Robot (Expert Advisor) for MetaTrader 4 in MetaTrader Market (mql5.com)

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 commission charge and no swap charge, then it is better.

In short, full recommended configuration are as following.



https://clubbingbuy.com/threads/ophiuchus-paid-version.6535/