Got questions? We have answers!

Before asking a question to our support team, check out our FAQ! Most likely, the answer to your question is already described in detail here!

Which broker is better to choose?

Recommended brokers

PIRANHA FX can work on an account of any ECN broker working without freze-levels and allowing to trade even within a spread. However, we recommend for use a list of broker companies whose trading services we have tested personally:

ICMarkets (Australia). ASIC regulation, leverage 1:500, minimum deposit 200 USD (deposit currencies: USD, EUR, AUD, CAD, NZD, JPY, HKD).

Pepperstone (Australia). ASIC regulation, leverage 1:500, minimum deposit 200 USD (deposit currencies: USD, EUR, AUD, CAD, NZD, JPY, HKD).

TickMill (Seychelles). FSA regulation, leverage 1:500, minimum deposit 25 USD (deposit currency: USD, EUR).

Using PIRANHA FX on ECN accounts of the brokerage companies listed above, you can count on, that your results will be most similar to ours!

Which leverage should I choose?

The optimal leverage for PIRANHA FX is the leverage from 1:100 to 1:500.

Why do you need the ECN account?

ECN account is mandatory for using PIRANHA FX. Precisely on these accounts brokers provide trading conditions with minimum spread that is necessary for normal operation of our trading robot!

Which account should I choose: with commission or no commission?

For normal operation of PIRANHA FX, an ECN trading account is required. Such accounts traditionally have a commission.

Does PIRANHA FX comply with FIFO requirements?

The automated trading advisor fully meets the FIFO requirements.

Minimum Deposit for trading

To run an Expert Advisor PIRANHA FX requires a minimum Deposit of $ 100 or another currency in the amount of 100 units of the trading account.

How to install PIRANHA FX in a trading platform?

Correct installation of EA PIRANHA FX in Meta Trader

  • Download to your personal computer folder «MQL4» which you received by email after purchase.
  • Сopy the «MQL4» folder to the root directory of the MetaTrader 4 platform (Disc «C» → Program Files → root directory Meta Trader 4)
  • Restart your Meta Trader 4 platform.

How to set up EA PIRANHA FX automatically

Installing the advisor on a quotation schedule

After installing PIRANHA FX in the root directory of the platform and restart Meta Trader 4:

Click the «Market Watch» tab and select the currency pairs on which you plan to use PIRANHA FX:

Do not forget that for trading we are recommended currency pairs:

  1. For “mode#1”: EURGBP, GBPUSD, USDCHF.
  2. For «mode#2»: EURUSD, EURGBP, GBPUSD, USDCHF:

 

Open the tab «Navigator» and find trading robot PIRANHA FX in the menu» Expert Advisor»

 

Drag and drop the PIRANHA FX on the chart of quotations chosen for trading currency pair:

After that, you will automatically open the PIRANHA FX settings window. Press the button «Load» and load the corresponding auto-configuration file (set-files) from the directory «Presets»:

Setting up an advisor for trading

EA PIRANHA FX must be configured to trade on each of the recommended currency pairs. We have prepared special set-files for you to perform automatic configuration. After installing EA RIRANHA FX (received from us «MQL4» folder) in the root directory of the MetaTrader 4 platform, these set-files will appear in the directory «Presets» of your platform.

Once you have dragged EA PIRANHA FX to the chart of quotations, you will automatically open the EA settings window. Now, you need to click on the «Load» button to download the set file for automatic configuration. This will take you to the directory where you can select the set-files:

 

Select the correct folder to configure time-zone of PIRANHA FX. Your choice should depend on what time GMT the platform of your broker is used during the summer time (for example, if the platform of your broker is working in summer time GMT+3, then select the folder SummerGMT+3).

For example, the platforms of all recommended brokers (ICMarkets, Pepperstone or TickMill) work in the summer in timezone GMT+3. Therefore, to configure EA PIRANHA FX on the platforms of these brokers, you must use the folder «GMT+3»:

 

IMPORTANT! EA PIRANHA FX has a clear reference to the time of the exchange rollover that cannot be changed when broker switches to winter or summer time. Therefore, in order to exclude errors in the settings of EA in different year time, we chose the unified time standard– “summer time of broker”. This temporary option works both in summer and winter. Thus, when your brokerage company switches to winter or summer time, the time settings of EA PIRANHA FX do not need to be changed!!

Guided by the name of the set files, select the one that corresponds to the name of the currency pair and strategy:

For “mode#1” use the: EURGBP, GBPUSD, USDCHF.

For «mode#2» use the: EURUSD, EURGBP, USDCHF, GBPUSD

Thus, you will automatically configure PIRANHA FX on the selected for trading currency pair.

If you want to use PIRANHA FX on all recommended currency pairs, you need to:

  1. Open all required charts of these currency pairs in the MT4 platform.
  2. Change the timeframe of each quote chart to the M1 timeframe.
  3. Set for each charts EA PIRANHA FX.
  4. To use automatic configuration files the names of which corresponds on the selected currency pair.

How to determine the GMT time of your broker's platform correctly?

GMT time for recommended brokers

Trading platforms of all recommended brokers, namely:

  • ICMarkets
  • Pepperstone
  • TickMill

work in the GMT +3 time zone in the summer time.

GMT time for other brokers

If you have chosen another brokerage company for trading, for a correct definition of GMT summer time by which their trading platform works, contact the selected broker’s support service!

Ask the broker support service the following question: «Hello! What is the GMT time for your platform in the summer? «

Why does PIRANHA FX use the summer time GMT?

While configuring the advisor for real trading and optimizing its algorithm on history, we decided to use the unified time standard — the summer time GMT of broker’s platform.

Do I need to shift the GMT time in the advisor's settings when my broker switches to winter / summer time?

When the broker platform transits to winter or summer time, you don’t need to change settings of the Expert Advisor!

Temporary settings of PIRANHA FX depend on the time of market rollover, which doesn’t change during the transition to winter or summer time. Thus, you don’t need to change the time settings of trading of our expert!

Size of trade risk

Automatic risk calculation

Advisor PIRANHA FX can calculate the amount of risk independently. By default in EA is enabled function «Fixlot».

To enable the automatic calculation of the trading lot, set the value of the «AutoLot» function to «TRUE».

Then switch RiskAutoLot acceptable value trading risk. For example» 3 » (in each trade the EA will use 3% of the account size).

Fixed amount of risk

PIRANHA FX can trade a fixed lot size. For this:

  1. Set the AutoLot parameter to «FALCE».
  2. Set the Fixlot parameter to the required value of trading lot. For example: «0.01» or «0.02».

In this case, the Expert Advisor will no longer calculating the size of trading lot automatically, but will be using a trade lot size you specify when making new trades.

Timeframe for trading PIRANHA FX

Which timeframe should I use to apply PIRANHA FX?

PIRANHA FX trades on the M1 timeframe (on one-minute quotes charts). Thus, it is necessary to apply this robot on the M1 timeframe.

What trading time does PIRANHA FX has?

PIRANHA FX has flexible time settings, which allows changing manually the time of its active trade. However, in our automatic settings, we set the most optimal time for trading. This is the end of the American- and the beginning of the Asian trading sessions. With such time settings PIRANHA FX trades on our official monitoring.

Warning: if you want your trading result to match our monitoring, do not change the time settings of the robot yourself. If you change the temporary settings yourself, you can significantly worsen the results of trading PIRANHA FX.

How to buy PIRANHA FX

Payment systems for buying PIRANHA FX

On our website you can buy trading advisers, including PIRANHA FX, through the payment aggregator PaySera (legal payment aggregator, which operates in more than 200 countries), using for payment traditional VISA or MASTER CARD bank cards, PayPal, Skrill, WebMoney and many other popular payment systems.

The order of delivery PIRANHA FX to a buyer

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Package contents of PIRANHA FX

The seller delivers to a buyer’s email address:

  1. The file of trading program PIRANHA FX (file *.ex4)
  2. A set-files for automatic configuration of the trading robot.
  3. Manual for installation, configuration and using of trading expert PIRANHA FX.

Updating PIRANHA FX

Supply of PIRANHA FX updates to customers

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The delivery package of PIRANHA FX updated versions

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Testing of PIRANHA FX

PIRANHA FX tests

!!!EA PIRANHA FX is working and tested on open prices method. Thus, this expert Advisor refers to those who clearly monitor the prices of opening bars!!!

All the recommended currency pairs for trading PIRANHA FX show excellent results on a long history. This is confirmed by the results of tests EA PIRANHA FX:

Test EURUSD fix-lot 2010-2018

 

Test GBPUSD fix-lot 2010-2018

 

Test EURGBP fix-lot 2010-2018

 

Test USDCHF fix-lot 2010-2018

 

Self testing PIRANHA FX

If you decide to test EA PIRANHA FX on your own, you need to:

      • To test the EA use M1 timeframe.
      • To test, use method «open price» (you need to remember that EA PIRANHA FX works at open prices).
      • Set the real market ECN spread (for all recommended currency pairs this is 10 pips).
      • Load the history of quotes in MT4 strategy tester.

PIRANHA FX real trading

Analysis of trading results

As you can personally verify from our official monitoring, which is conducted on a live account, the PIRANHA FX adviser demonstrates positive trading results. However, as you see in the trade of this robot, like any other automatic trading system, there are periods of growth and drawdown of the profitability graph.

The buyer of PIRANHA FX must understand that he is not buying a magic enrichment tool that is guaranteed to be profitable every day and every month, but a trading robot that uses a certain trading system that has both periods of growth and periods of trading drawdown. In other words, the trade advisor can receive not only profit, but also a loss.

Of course, our team did everything in order to customize the PIRANHA FX for maximum performance. And by following our recommendations on choosing a broker for trading and configuring PIRANHA FX, a buyer can expect that after every trading drawdown, a profitability graph of the trading expert will update its historical growth peaks.

Conformity of a buyer's trading results and our monitoring

Quotations from different liquidity providers have some difference (including: a length of price candles, a size of spread and an amount of price slip in an execution of transactions). Thus, the trading results of PIRANHA FX from different brokers may also have some differences.

This difference in trading results is not significant for long-term use of PIRANHA FX. However, when comparing the results that PIRANHA FX advisor received from different brokers for a short period, there may be a difference in a number of trades and the result obtained therefrom.

If you will use the brokers recommended by us, for example — ICMarkets broker, in whose real account our advisor trades and which we monitor, you can count on the maximum compliance of your trading results with ours.

On which currency pairs does PIRANHA FX trade?

Expert adviser PIRANHA FX trades in 4 currency pairs:

In «mode#2» the EA PIRANHA FX trade on:

  • GBPUSD
  • EURGBP
  • USDCHF

In «mode#1» the EA PIRANHA FX trade on:

  • GBPUSD
  • EURUSD
  • EURGBP
  • USDCHF

Can I use the adviser on other currency pairs than recommended?

The Advisor PIRANHA FX is optimized for trading only on currency pairs: EURUSD, EURGBP, GBPUSD, USDCHF. We selected the listed currency pairs after a long process of testing, optimization on history and checking on the real accounts. On other currency pairs, using PIRANHA FX is undesirable and fraught with loss!

Do I need a VPS to trade PIRANHA FX?

Despite the fact that the active trading time of PIRANHA FX is the end of the American — the beginning of the Asian sessions, some trades can be held by the adviser in the market for more than 12 hours. Thus, a trader needs to provide PIRANHA FX with round-the-clock and uninterrupted access to the Internet. For such purposes, it is better to rent a VPS server (virtual remote desktop).

What is the required speed of VPS for normal operation of PIRANHA FX?

The lower a ping connection of your trading platform with the broker’s server — the better for the expert advisor’s work. However, PIRANHA FX can demonstrate efficiency at a connection speed of up to 100 ms.

Does PIRANHA FX transfer its trades through the weekend?

The trading algorithm of PIRANHA FX is configured so that the expert adviser doesn’t enter into deals before the weekend and doesn’t transfer open trading positions from Friday to Monday.

Does a user need to interfere with the operation of PIRANHA FX?

PIRANHA FX is a fully automatic trading adviser, which after installing it on account and setting trading parameters can work for many years without the intervention of a trader.

Moreover — it is highly discouraged to interfere with the robot trading, as this, with a greater probability, will reduce the effectiveness of trading PIRANHA FX, than will improve it!

Emergency deactivation of PIRANHA FX

From time to time in the financial market occur events, during which it is recommended to turn off PIRANHA FX.

The list of such events includes:

  • referendums
  • elections
  • other significant political and economic upheavals, on which the state of the financial market depends

In the vast majority of cases, a user can learn about such events in advance from media. In this case, it is advisable to turn off PIRANHA FX 3 days before an important event occurs and turn it on 3 days after an event. In other words – to limit the trading of PIRANHA FX in days of atypical market dynamics and increased volatility.

What is the difference between mod#1 and mod#2?

EA PIRANHA FX is able to work in two modes: mod#1 and mod#2

Mode#2 is an extension of the Mode#1 trading algorithm and includes substantially more trading opportunities than Mode#1, for example:

  • Mode#1 analyzes only M1 timeframe — Mode#2 analyzes M1 and M5 timeframes, as a result, Mode#2 trades 2 times more often than Mode#1 (The more deals — the more profit)
  • Mode#1 trades on 3 currency pairs — Mode#2 trades on 4 currency pairs. The more currency pairs to trade — the more profit.

Warning! EA PIRANHA FX use in mode#1 and mode#2 on one trading account is not recommended! Since, with some differences

What is a trading license?

Why do I need a trade license?

A trading license is a tool for linking a trading robot to a specific account number of a user. Thus, by purchasing PIRANHA FX with one trade license, you can use this trading robot only on one particular account.

How does PIRANHA FX bind to a user's trading account?

The binding of the trading robot to a specific trading account number is carried out by a seller after receiving from a buyer a 100% payment of the value of the trade adviser.

After payment of the product, the buyer receives an email with his request for the trading account number to be attached to his mailbox for binding PIRANHA FX.

After receiving information from a buyer with specified number of his trading account, a seller programs the Advisor in such a way that he can trade only at a buyer’s specified trading account. After that, a seller sends a buyer a complete package of delivery of the trading robot (including: a file of the trading program, a set of files for automatic robot configuring, a manual on installation, configuration and using of the adviser).

Can I change my trading account in license?

A buyer has a right to a single change of his trading account number in the license to use the trading robot PIRANHA FX.

To change the account number:

  • send a request to our support mail to change your trading account with a new number you want to add to the license.

On which platform does PIRANHA FX work?

Supported types of trading platforms

Currently, PIRANHA FX operates on the Meta Trader 4 platform — the world’s most widely used platform for trading in the Forex market.

Other trading platforms

In the future, we will create a version of PIRANHA FX for trading on the Meta Trader 5 platform. At the same time, all buyers who purchased PIRANHA FX earlier will receive a copy of the robot for MT5 completely free!

Refund Policy

Transparency of monitoring and sales system of our company

Our team carries out its work using the principles of transparency, honesty and professionalism. Thus, all the information and recommendations on this website have formed, so that each user of our products can get maximum trading results with minimal risks.

Reasons for refund

You have 14 days to evaluate the quality <br> of our Expert Advisor and return your money back!

The reason for a buyer’s refund is the discrepancy of our product with the information that is stated on the website of its sale, that is — on this site.

At the same time, a buyer’s refund request will be not satisfied:

  • If a buyer, due to his own subjective or objective circumstances that don’t depend on the actions of the seller, has changed his mind about using the trading adviser PIRANHA FX.
  • If a buyer is not satisfied with the robot’s trading results.

Commission of payment systems

When returning funds to a buyer, the seller returns the entire amount previously received from a buyer, minus the commission of a payment system.

How do I make a refund?

To resolve the issue of refund — write a request to our support team with a detailed description of the reasons for the refund.