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Ophiuchus Paid Version

Demo downloaded: 417

Published: 30 July 2020

Current version: 3.6

Ophiuchus Paid Version

4.4

Experts
Limitless Trading Enterprise
Version: 3.6
Updated: 1 January 2024
Activations: 5

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.

Refer here for more detail.

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.

Use broker with no commission charge
Preferably with no swap fee too
Starting Lots must change with this formula - Starting Lots = Capital / 200,000. Eg, Capital = USD 2000. Starting Lots = 2000/ 200,000 = 0.01. You must use at least 200,000 as minimum ratio. You can choose to use higher number like 300,000 or 400,000 for safer configuration. Safer configuration means lesser profit too, but you will have lesser chance to have 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 M1 timeframe. I received feedback from other users that it works great on other currency too, but do test it yourself with own risk.

If you are looking for broker that fulfill the above criteria, you can either use FBS.

There is no unlimited version for the time being and with this version, you can start this EA with a cheaper price by renting it.

Alternative of running the EA on your machine for 24 hours, you can also opt to purchase the trading signal of Ophiuchus here -> https://www.mql5.com/en/signals/806339. You can save the hassle for the setup and running it 24 by 5 trading day. You can verify the live performance of Ophiuchus from the trading signal performance.

If you have any question 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.

Warning!

This is high risk trading and you might lose all your capital in your account, please make sure you start with amount that you are comfortable with. Try this with 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 !

Update 27 March 2022 -> We added AUDCAD Support on 3.2 version.

Update 11 Jan 2024 -> Now we have Ophiuchus MT5 version with avoid trading on news feature, which the EA will automatically stop trading before high volatile news announcement to avoid high volatile period and reduce the risk. This MT5 version is not available on mql5.com but it is available on at Limitless Trading

more...

262

Wei Tao Hu 2023.01.05 07:59 #

Hi there. I'v rent this EA and I'v been running it for two days. But I found a phenomenon that this EA only trade buy orders even though I didn't disable the sell button. Are there anything else I need to set to adjust this phenomenon? Or it is just trade unidirectionally? Hope for your reply. Thanks.( Please forgive me poor English:))

609

Andreas Mollstaetter 2021.06.21 08:56 #

Yes it is marginal yes it is a grid system Both are very dangerous But When used defensively you can make good money The strategy here is very defensive Regarding the grid and marginal I subjected the system to long back tests - the result was very good DD stayed in the frame Then I did it on a demo and let it run - the same result as the subsequent backtest. Now it's running live Only change Account size 5 k Lot size 0.01 At the beginning I had problems starting the EA The developer reacted less than 10 minutes later - great Will post more results

Addendum 09/13/2021

I get the same results even though I use 2 other brokers.

Events where larger trends can occur are announced by the developer in good time so that the EA is switched off in good time and when it is reactivated. Thus, larger DDs are bypassed.

I can definitely recommend the EA, but you should follow the guidelines.

Best EA I bought here on this marketplace.

641

kmkm 2020.12.18 21:58 #

Great robot and great job. The author gives the opportunity to try the trial version. Follow the recommendations regarding the size of the lot, try it in work and you will see for yourself

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Welcome to Indicement! PROP FIRM READY! -> download set files here LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ NEW: Choose 1 EA for FREE! (limited to 2 trading account numbers) Ultimate Combo Deal -> click here JOIN PUBLIC GROUP: Click here LIVE SIGNAL INDICEMENT brings my 15 years of experience in creating professional trading algorithms to the Index markets. The EA uses a very well thought out algorithm to find the best entry price and runs multiple strateg

399 USD

Due to policy changes in MQL5.com, we cannot continue our free trial program here. However, you can request to test our EA in live account though here . 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

FREE

Due to policy changes in MQL5.com, we cannot continue our free trial program here. However, you can request to test our EA in live account though here . Limitless EA is a martingale based EA , which provide a lot of configuration to customize your martingale strategy to suit your personal risk profile . Trading Strategy Main characteristic of this EA: Martingale based strategy. Determine very short term trend as the aim is to get small profit on each trade. Open more trades to e

FREE

Limitless EA is a martingale based EA, which provide a lot of configuration to customize your martingale strategy to suit your personal risk profile. Trading Strategy Main characteristic of this EA: Martingale based strategy. Determine very short term trend as the aim is to get small profit on each trade. Open more trades to ensure the profit target is closer to current price. Earn small profit for each trades and extremely large volume of trading everyday. Profit from the volatility of the mar

99.99 USD

Jakiro, the Twin Head Dragon in Dota Game, is a ranged intelligence hero who utilizes the powers of ice and fire with powerful linear area spells. Having the same characteristics as Jakiro, Jakiro EA is a duo-thread EA that can monitor the market to buy and sell the same pair of currency simultaneously. This provides Jakiro EA’s ability to profit no matter in an uptrend or downtrend market. Jakiro EA Strategy Martingale + Hedging + Compounding Martingale - The EA will open more orders with hi

240 USD

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Wei Tao Hu 2023.01.05 07:59 #

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Reply from developer Foo Kwok Whye 2023.01.05 10:48 #

Hi Wei Tao, thanks for your review. This is quite a common question from all our clients. For Ophiuchus, it has the tendency to continue the same trend. The reason begin is as follows
For example, in your case, it opens buy order
If it opens a few buy order, it means the price was dropping previously
Then when the price rebound and it hits the profit target and then all buy order close.
After all buy order close, the next minute when Ophiuchis EA check on the market short term trend
It is most likely will be in an uptrend
As it just rebound and hit the profit target.
That is why it will continue to open buy order
If you think the trend is different, sometimes you can use the trade buy trade sell button to control the direction. Hope this makes sense to you:)

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Andreas Mollstaetter 2021.06.21 08:56 #

Addendum 09/13/2021

I get the same results even though I use 2 other brokers.

Events where larger trends can occur are announced by the developer in good time so that the EA is switched off in good time and when it is reactivated. Thus, larger DDs are bypassed.

I can definitely recommend the EA, but you should follow the guidelines.

Best EA I bought here on this marketplace.

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Yuri Ghiani 2021.06.18 15:03 #

danger martingale

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Reply from developer Foo Kwok Whye 2021.06.19 05:56 #

Thanks Yuri for your review. Indeed, this is a high risk high return strategy.

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Markus Feldinger 2021.01.22 14:21 #

just another simple martingale ea. as long as I was using small lots 0.01 it was doing fine. but when I increased to 0.1, al hell broke loose. it opened a position at the top of eurusd, at around 1.2330, and then opened more than 30 buy trades all the way down to 1.2080, resulting in a dd of 20%. this means that it ignored the m15, m30, h1 trends that were all deep in the red. I had to trade my way out of this hole manually. when my abo expired, it closed all trades. whoich was very unfortunate, because I had already manually adjusted the tp's. allin all I made a loss of 700 eur plus the cost of the ea which is not cheap. but the worst aspect of this ea is that it ignores downtrends on multiple time frames and just martingales itself into desperation.

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Reply from developer Foo Kwok Whye 2021.01.23 15:22 #

thanks for your feedback Markus :)

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kmkm 2020.12.18 21:58 #

Great robot and great job. The author gives the opportunity to try the trial version. Follow the recommendations regarding the size of the lot, try it in work and you will see for yourself

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Swing Trader 2020.12.18 09:54 #

Up to now very good entries. very friendly and fast communication with the seller. thank you. Up to now, I can recommend it. will report in some days, weeks again. thx -- update: I started about 2 weeks agon in demo account. leverage 1:200. profit about USD 900 in USD 10.000 demo account. pairs: eurusd 0.05 lot, gbpusd, nzdusd and audusd 0.01 lot. open trades at the moment about -145 USD. will start in January 2021 with live account. all to you good trades

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Reply from developer Foo Kwok Whye 2021.01.11 08:26 #

Hi, thanks for your review, and glad that you like it. My recommendation for leverage is 1:500. This is the leverage that I used for my own account too. Thanks and Happy Trading!

elpcrister0329 2020.12.04 14:14 #

Just completed my 1st week of running to live account at EURUSD M1....EA is performing very well , almost 5% gain for 1st week.

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sudhindra 2020.11.19 20:30 #

Running as per the recommendation on EU and Gold. Safe returns. Hidden Gem. Awesome. Also exploring other pairs in testing.

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Reply from developer Foo Kwok Whye 2020.11.20 00:53 #

Thanks for the great review. Looking forward to your result from your testing in other pairs :)

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Eduard Mushkatin 2020.11.04 21:23 #

I am the user as well of Limitless as of the Ophiuchus Paid EAs. Both are doing great job on my accounts. Ophiuchus is definetly one of the very profitable EAs in my portfolio. It trades at any time of day and delivers very stable profits on EURUSD (M1), but it's lots less aggressive compare to the Limitless. For every 1000 you should start with the initial lot of 0.01, if there are no other EAs on the account. Great product!

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Reply from developer Foo Kwok Whye 2020.11.05 13:49 #

Thanks for the review and supports. I just uploaded a new version of Ophiuchus with the feature that you suggested. Thanks for your great input too. Happy trading!

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Mr. Polwal 2020.11.02 20:01 #

Ein sehr profitabler EA. Einstellungen sind auf ein Minimum reduziert. Zusätzlich zu EURUSD, kann es auch mit anderen Währungspaaren handeln und Gewinne liefern. Es läuft seit drei Wochen auf drei Demo-Kontos und ist nun seit ein paar Tagen auf einem Real-Konto und macht nur Gewinne. Großartig.

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Reply from developer Foo Kwok Whye 2020.11.03 00:09 #

Thanks for your great review :). Your feedback is important to me.

Version 3.6 2024.01.01

--Fixed exceed threshold notification bug
--Add close order notification after exceeding threshold notification is issued and orders are closed.

Version 3.4 2023.01.03

- Upgrade to support Trading Buttons Persistency -> https://limitless-trading.com/product-update/trading-buttons-persistency

Version 3.2 2022.03.27

- Add AUDCAD support
- Bug Fix on CheckTP frequency to run only once per minutes.

Version 3.1 2021.12.19

- Add a feature to check on TP every 10 minutes and if it is not set, it will update the TP.
- Fixed font size issue on the panel on a monitor with windows scaling enabled.
- Remove comment feature.
- Add re-update Profit target for Orders allowing the user to change their profit target to lower and it will update all orders's TP
- Enhance confirmation dialog when clicking on close order or profit order to ensure user click on the right button.

Version 2.7 2021.06.06

- Add High Low Mode Trade
- Enhance Close All order dialog box to show more cautious sign to differentiate close profit orders and close all order
- Add comment feature to replace the default EA name in comments.
- Notification feature
-Send a notification after exceeding certain orders
-Send a notification when it hits max orders

Version 2.4 2020.11.05

- Add Close Profit Orders and Close All Orders button.
- Add Orders information to help trader to perform informed decision.
- Add Trade Buy and Trade Sell Auto Switch feature to let EA switch these two buttons based on LT trend.

Version 2.3 2020.10.20

- bugfix on adjust profit target logic. It will only happen in a very rare scenario.

Version 2.2 2020.10.17

- Add new feature to be able to schedule a stop trading new series period.
- Improve the verify starting lot size warning.

Version 2.1 2020.10.05

- Improve the logic to calculate the average price.

Version 2.0 2020.09.09

// Ophiuchus 2021 v2.0 - This version provide users more control on this EA. Suitable for Trader with some technical analysis skill.
- Added Trade New Series button to replace Enable Last Trading configuration.
- Added Trade Buy or Trade Sell button to let User decide the trade direction that they want.
- Added Long Term Trend based on 50MA/200MA to let users know the current trend.
- Added Current Trend duration and Last Trend duration to let the user know how long the current trend lasts till now and how long does the last trend lasts.
- Added Recommended Lot size warning to warn users when they set a higher lot size than the recommended lot size.

Version 1.6 2020.08.31

Update default configuration only.