Ophiuchus is the 13th zodiac and it is also the name for this EA as 13 is the key element for this trading strategy. Ophiuchus EA comes with a trend detection logic to detect short-term trends and when this logic pairs with the Martingale strategy, it creates a competitive trading edge for the trader and increases the probability of winning trades.

Trading Strategy

The main characteristic of this EA:

  • Martingale-based strategy.
  • Trend Detection Logic to detect short-term trends.
  • Only open more trades when it is in the right direction and bring the profit target closer to the current price.
  • Earn a small profit for each trade but a lot of volume every day.
  • Profit from the volatility of the market.
  • Less risky compared with Limitless EA but less profitable too.

Ophiuchus EA is available in both MT4 and MT5 versions. However, we strongly recommend all our clients to go for the MT5 version as only the MT5 version has the 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.

You can also refer to this YouTube video to see how Ophiuchus EA earns 15% of profit within a month (speed mode) for January 2023.

How Ophiuchus EA trades EURUSD in the Market

Live Account Performance

We started this live account performance tracking on 29 June 2020 with a base of USD 2,000. It is averagely able to earn 100% of profit around 6 month period with an estimated daily profit of 0.1-1%. All trades are myfxbook verified.

The following is the accumulated profit chart for the Live Account since inception.

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The following is the monthly profit chart since inception.

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Please note that past performance is not equivalent to future performance. Future performance depends on market condition

Backtest Performance

The Backtest result is as follows.

  • Backtest from 1 Jan 2017 till 1 July 2020 (42 months) with a starting capital of USD 2000.
  • Trade on EURUSD pair on M1 timeframe.
  • 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 below.

Broker’s Requirement

  • Use a broker with no commission charge
  • Preferably with no swap fee too. However, this is optional.
  • Leverage must be 1:500 or above
  • If you want to start with smaller capital, you can run on a Cents account or Micro Account.
  • Run this EA on EURUSD on the M1 timeframe.

If you are new to forex or do not have a broker account, you can register with our recommended forex broker that fulfills the above requirements -> FBS Broker

Available Setting

  • 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. You must set this with a ratio of USD 2,000 capital for 0.01 lot. Refer to the below for the calculation.
  • Maximum # of trades – Maximum number of orders the EA allows to open in the Martingale series of orders. You can lower this number to reduce the risk and the chance of MC. The lower number of this value will increase the chance that the work will not be able to close as it is too far from the target profit.
  • 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. It’s 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 and Max Spread Allow.

For Max Spread Allow, update it based on the spread you see on the EURUSD pair. Eg, if the spread is 15, you can put 20 for this broker’s spread.

The starting lot will depend on your capital. Starting Lots must change with this formula

Starting Lots= Capital / 200,000

For example, 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 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 risk and reward yourself.

Risk Management/Profit Management

This EA is using Martingale based strategy. All Martingale strategy always has a risk of Margin Call ( MC ).

Although the risk of MC for Ophiuchus EA is lower than Limitless EA, it is still high-risk trading and you might lose all your capital in your account. Hence, please make sure you start with an amount that you are comfortable with.

Follow the below to control your risk:

  • Follow the capital/account requirements above and only put in the amount that you are comfortable risking.
  • Transfer out your profit as frequently as possible.
  • All the money in your account is at risk. So control the amount in the account to control the risk.

If you have any questions or feedback, you can contact us or chat with us.

If you are new to Algorithmic Trading or Forex Trading, you can join our Algorithmic Trading Apprentice Program, where you will provide a step-by-step guide from understanding how it works to running your own trading bot to generate passive income for you. You can refer to our Algorithmic Trading Apprentice Program for more information.

You can also purchase Ophiuchus EA through our shopping cart below.