Ophiuchus is the 13th zodiac, and it is also the name for this EA as 13 is the key element for this trading strategy.
The following are the main characteristic of this EA.
- Martingale-based strategy.
- Only open more trades when it is in the right direction.
- earn small profit for each trade but a lot of volumes every day.
- Profit from the volatility of the market.
- Tested and proved to be able to profit on EURUSD trading with M1 timeframe.
Back Test Result
Backtest result is as follows
- Backtest from 1 Jan 2017 till 1 July 2020 (42 months) with starting capital of USD 2000.
- Total Net Profit USD 13,949.51 with a total of 21778 trades.
- Average monthly profit USD 332 (~ 16% return per month).
- You can refer to the backtest video here.
- Live Account performance is tracked via myfxbook . You can see the exact trade history from past and current trade via myfxbook. Go to myfxbook and then search for “Ophiuchus” and then click on the Systems tab (not the user tab). You will be able to see Ophiuchus trading system performance there. (We can’t post myfxbook link here).
- Profit Target for each Order – Profit target in fractional pip for every open order.
- Starting Lots – The lot size for the first order. The lot size will increase in the subsequent order.
- Maximum # of trades – Maximum number of orders the EA allows 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 is 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.
For the setting, use the default setting except for 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 a cent account or micro account to start with small capital.
The starting lots must CHANGE based on your capital using the 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 a forex account without a swap charge, then it is better.
In short, the full recommended configuration is as follows.
- Use broker with no commission charge
- Preferably with no swap fee too
- Starting Lots must change with this formula – Starting Lots = Capital / 200,000. E.g., Capital = USD 2000. Starting Lots = 2000/ 200,000 = 0.01. You must use at least 200,000 as of the minimum ratio. You can choose to use a higher number like 300,000 or 400,000 for a safer configuration. Safer configuration means lesser profit too, but you will have a lesser chance to have a 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 the M1 timeframe. I received feedback from other users that it works great on other currency too but do test it yourself at your own risk.
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 of the setup and running it 24 by 5 trading days. You can verify the live performance of Ophiuchus from the trading signal performance.
If you have any questions 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.
This is high-risk trading, and you might lose all your capital in your account, please make sure you start with an amount that you are comfortable with. Try this at 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!
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BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat in the future. Past performance shown and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods. Because of this, we recommend that you test the EA on your own broker account using many variations of currencies, time frames, and settings to make sure you experience favorable results in current market conditions before trading live accounts.
- Forex Trading EA/Robot is just a piece of Programming to Sophisticate your trading but never guarantee your winning.
- Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown.
- Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.
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