Hello, Forex Wiki friends! For a long time, we did not have reviews of night scalpers, and now, an interesting instance has finally appeared - the Piplane Forex Expert Advisor from the authors of the famous Forex Megadroid .

Piplane EA Description :

Platform:  Metatrader 4
Advisor version: 1.02
Currency pairs: USDCAD
Timeframe: H1
Working hours: Asian session

For those who are not in the know, night scalpers trade exclusively during the calm Asian session on small fluctuations. Speaking in a completely exaggerated way, they open sell deals near the upper border of the price channel, and buy - near the lower border. Those. we need a horizontal flat.

The previous creation of the developers, the expert Megadroid (also a night scalper), has been on the market since 2009 and has been profitable to this day. Small but profit.

The Piplane robot strategy is  quite complex and takes into account many factors. Was there a trend during the American session, and if so, how strong and long was it? Has the tick volume decreased to 30% of the values ​​of the New York session (we need a calm market for scalping)? Does the size of the price channel exceed 30 points half an hour before the start of trading? Is this channel secure? Does it have a trend direction? And many more small details. The EA takes a small profit, but the probability of getting it is high (see backtest below).

Broker Requirement :

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

See also  Hedging Multicurrency EA - Free Edition

Piplane EA Settings:

Aggressive  - when true (default), the EA uses both more cautious and more speculative strategies at the same time, which allows profits to grow somewhat faster.

NFA  - this setting is needed for traders registered in the USA. We leave it unchanged.

GMToffset - if you want to test the Expert Advisor in the Strategy Tester (F6), then set the AutoLocalGMToffset parameter to false, and change this parameter in accordance with your broker (see  How to set the correct GMT offset )

AutoLocalGMToffset  -Automatic detection of GMToffset parameter for real-time trading.

S1_Reference and S2_Reference: parameters necessary for an Expert Advisor to distinguish positions opened by it from positions opened by other Expert Advisors or manually. We leave it unchanged.

TopPadding / LeftPadding / TextColor1,2,3  - these settings are responsible for the appearance and location of information from the advisor on the chart.

Slippage  - allowable slippage

OrderCommen t s  - comment for EA positions, can be any

LotSize - the  level of the fixed lot for trading by the Expert Advisor, will be used if the RiskLevel parameter is set to 0.0

RiskLevel - money management for automatically determining the lot size based on the exposed risk. If you put 0.01, then the risk per trade in the event of a stop triggering will be 1% of the funds on the account. If you put 0.05 - 5%, if 0.1 - 10%, etc. When this parameter is set to 0.0, the fixed lot specified in the LotSize parameter will be used.

RecoveryMode - Be extremely careful with this setting. When enabled, after a losing trade, the EA will trade with an increased lot size until losses recover.

ConsiderCommission - enable / disable accounting of the broker's commission when closing deals. We leave it on.

SecureProfit - when this parameter is enabled, the advisor will close half of the position with a profit of five points if there is weak volatility in the market. Leave it on for best results.

Piplane EA Results:

Because The strategy of the Piplane EA is extremely sensitive to the slightest price fluctuations, it should be tested with a simulation quality of 99% . The results obtained from standard testing will be too far from reality. And do not forget to disable auto GmtOffset during testing - for backtesting it must be set manually.

USDCAD
2007-2012
(the image is enlarged by clicking)

Account monitoring

The authors provide us with a 2-year monitoring of Piplane's work on a real account:

We can also watch the recently launched, independent forward test:

Download Piplane EA :

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