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Piranha is a fully automated momentum robot that uses significant price movements in one direction at high volumes.
- The trading robot is based on the Belkaglazer EA;
- Optimization is not required. The EA doesn’t need any setup;
- No martingale, no grid, no hedging, no scalping and no dangerous elements of Money Management are used;
- It’s a long-term EA that doesn’t trade often. Piranha waits for a strong price movement in the hope that the market will continue to move in the same direction;
- It has been backtested with over 10-year tick data and 99.9% modeling quality with real variable spreads. Every trade is protected by stop-loss;
- Backtest results match live trading;
- The EA automatically adjusts for 4 and 5 digit quotes.
Trading conditions
- Currency pairs: EURUSD (M15), NZDUSD (M15), GBPUSD (M30), EURAUD (M30), EURCAD (M30);
- Recommended to use a VPS and low-spread 5-digit broker who closes daily candles at 5 pm New York time;
This trading robot has a low winning percentage of 30% – 40%. You can experience over 5-15 consecutive losses in a row. Please, make sure you’re prepared for such a losing streak.
Limitations: this free version uses a fixed lot of 0.01 Full version: https://www.mql5.com/en/market/product/19392 Signals: https://www.mql5.com/en/signals/author/traderea
