Pirate EA Review: Scam Forex Robot for 990 USD

Pirate EA Review: Scam Forex Robot for 990 USD

In this review, we are looking at Pirate, an expert advisor that is pricey and beyond the reach of many Forex traders. The developer tells us that Pirate EA is optimized for trading under low volatility market conditions. The developer of the Forex robot believes that this strategy allows the robot to trade safely without risking a big draw down. Because the Pirate EA comes at a huge price tag, it’s in your best interest to read this review carefully and possibly come back later on to see what the community in this place are saying regarding the software’s performance.

Regarding the owner of this software, Pirate EA is owned and operated by a developer known as Anatoly Lukanin. This developer has so far published 10 different trading products on the MQL5 platform. The Pirate Forex robot is the most popular trading product which is associated with this developer. However, other trading products under his name include MTF Moving Averages, Scalper ISE and MTF Channel Alert. Somehow, the other systems have much less traction in the Forex market place. This could be tied to poor marketing or the inability to meet traders expectations.

Because this is a MQL5 product, traders can engage with the seller directly on the sales page or message him on his profile. Also, since this Expert advisor is very expensive and it’s beyond the reach of many beginners out there, our best advice is that you should consider utilizing these affordable and recommended Forex robots. Avoid risking too much upfront. The Pirate EA is letting traders put too much upfront and there is no assurance that buyers will be able to recoup the cost of a license even if they purchased a copy of the Pirate EA.

Pirate EA Review

We have been told that Pirate EA opens trades in markets that are less volatile. It tracks price levels and opens positions which are the managed carefully until they are closed in profits or a small loss. Only one position can be opened per bar. On top of this, traders are giving the option of limiting the number of open positions because this is essential for controlling risks. The developer is also assuring us that the system is designed in such a way that it does not use martingale, position averaging or loss overstaying.

pirate ea

The take profit and stop loss functions are fixed while the EA also reserves the right to intelligently increase lot sizing in a currently successful trade. And for the Pirate EA to work well, the developer recommends using a 5 digit broker who offers low spreads. This is a bit of a challenge for most developers who manufacturer EAs. They simply cannot create robots that perform unless these robots can be utilized with low spread brokerages.

Breakdown of software features

Pirate EA is optimized for tradijng 5 different pairs. These include CHFJPY, EURCHF, USDCAD, EURAUD and USDCHF. The strategy for tackling the Forex market place is low volatility trading. The developer also tells us that the software is optimized for trading the 15 minute time frame.

👉 Are you looking for a Forex Robot that offers realistic returns even when the markets are volatile or down? Golden Pickaxe is the BEST Forex robot using low risk and EARNING a whopping 47.93% monthly profit margin. You get a robot offering the best in terms of safety and guaranteed profits no matter the risks. A gold-driven EA robot, the robot was created and developed over ten years. It has the pedigree to offer gold traders a profitable all-year-long profit regardless of market conditions. We have tested the platform, and it has seen remarkable profit margins for the past 15 months. The well-known trader developer (Valeriia), put the robot out there for any trader to confirm its realistic profitability. And the robot was tested and seen to be even better than what we thought was the best, Waka Waka. Golden Pickaxe is now one of the best-proven forex robots that offer profitable outcomes, and all data are third-party verified independently via Myfxbook. The balance volume for Golden Pickaxe is there for anyone to see. And that means you get a transparent Forex robot guaranteeing results. Even when facing drawbacks of 37.47%, the robot balances the profits. With an automated trading robot, you can receive near-perfect signals for trading gold. And that’s what every trader needs when investing in Gold. So what are you waiting for? We have tested the robot and Guarantee it’s a perfect match for you. Start earning realistic profit margins from forex trading with a LOW-RISK thanks to Golden Pickaxe. We have been using it even when the gold market was risky. Thanks to this automated forex robot, you can earn 47.93% ROI or more per month consistently. Complete beginners to Forex can start and immediately start earning a stable and reliable income with it.  What's more? You don’t even have to deposit funds with your broker when using the Golden Pickaxe robot. Just register with a Broker such as IC Markets or Coinexx (for US-based traders); there’s no need to deposit your real funds with them. Instead, use the Golden Pickaxe robot to pass a funded account challenge on FTMO. No worries, it’s very easy to pass once you install the EA. Once you pass the challenge, FTMO funds your account with real live funds depending on the challenge you passed, then you can simply carry on trading with the EA on the live account and request payouts monthly whenever you want to withdraw your profits. All challenges and trading are done automatically by the Golden Pickaxe robot, so you don't have to worry. Or... if you don't like the idea of a trading challenge/evaluation, you can simply buy a cheap funded account with prop firms we recommend like FundYourFx, get instant funding of a real account, then start using the robot to trade, profit and make weekly withdrawals, very easy. If you have any questions or want help with the setup, head over to our live chat and ask for Corey Woods. Corey will help you with any issues, problems, or initial setup along the way. Here’s your chance to start trading Gold and earn with an AUTHENTIC, PROVEN, AND SAFE Forex Robot. Sign up today for a chance to get a reliable side income with GOLDEN PICKAXE. Click the button below to buy the EA, then contact me on live chat if you need any help setting up the whole thing.

Click Here To Buy Now

However, the price of this Forex robot is just too high and beyond our comfort level. There is the option of renting Pirate EA but again prices seem to be exorbitant as well. For example, renting for 6 months will cost $690. In one year, this will cost $790.

Based on this pricing model, it’s quite clear that this developer’s intention is to make traders make full purchase of the license at once instead of opting to rent the EA. This is because if you rent for one year, you will be spending $790. But if you purchase a life time license, this will cost $990. Most people would go for the full license instead.

The good thing with this developer is that they have enabled a free demo of the software in question. Our recommendation is that if you have the time and skill to optimize it, try the robot for at least 4 months in order to find what works. Otherwise, you will end up spending a fortune on something that will never work or yield profits as claimed by the developer.

Are there trading results?

Most products in the MQL5 platform will present lackluster trading results for their audience. They somehow believe that traders will trust them even if they don’t prove the worth of their trading robots. Rather than showing us their trading statement on myfxbook or fxblue, the developer is showing us some screenshots which do not even have dates. This means that we cannot determine when these back tests were taken. These back tests could be from the 90s or just outdated. It is not clear why the developer did not include dates in these back tests.

This is certainly an area of concern because we cannot see how a software developer can opt to charge $1000 for a copy of their trading products if they have not even provided a long term track record showing the detailed performance of the robot in question.

Customer reviews

There are couple of extremely positive reviews on the sales page. These reviews are from people who claim that the Pirate expert advisor is a good robot since it is meeting expectations as described by the vendor. These star ratings and reviews look suspicious because nearly all of them are giving the software a 5 star rating and claiming that the software is a top performer.

We would certainly not trust a flood of reviews from people who rate a software with 5 stars and seem to be recommending it without pointing any single fault. It is not realistic.

Our best advice for you

The Pirate EA is costly and yet the developer has not provided verified performance to build the confidence of the potential buyer. This means that we can only wait and see what the trading community will say as time goes by. We definitely need to see much more before paying a huge price for the software. In the meantime, stick with these Forex robots. 

Leave a Reply

Your email address will not be published. Required fields are marked *


Follow Us will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.