In 2019, revenue of 300,000 yen! A thriving EUR/JPY morning scalping with a 28% annual return, 'Scalping Panda'
Forward testing has surpassed one year for "Scalping Panda" (Seller: Mr. KML)
We are currently continuing to profit well, so here is another introduction to the product!
【Scalping Panda Overview】
“Scalping Panda” is an EUR/JPY-only EA designed for 5-minute charts.
The maximum number of positions is 2, maximum stop loss is 60, and maximum take profit is 40, andIn Japan Time,the time window from early morning to around noonis used to trade, the so-called morning scalping type EA. Compounding is also possible via the EA parameter settings.
【Forward Test Results】
Approximately 1 year and 1 month has passed since the measurement began on January 14, 2019.Performance has been good since around October 2019, with no large drawdowns and a steady upward trend.
This time we will compare the forward test data from a year ago with the current data to observe changes in profitability.
The forward test revenue for one month was ¥44,062 with a return of 7.32%, butthisover theone year, earned¥338,340.
The annualized return is28.13%.
【Backtest Analysis】
Backtest period covers 2010 to the end of 2019, 10 years. 1 lot, spread is 15 points.
2010.01.01‐2019.12.31
Net profit +¥5,447,000 (annual average ¥547,000)
Maximum drawdown −¥331,000
Total trades 1,388 (annual average 138 trades)
Win rate 74.64%
PF 1.56
Recommended margin amount is fixed for 1 lot,
50*2+（33.1*2）=166.2（万円）
Therefore, for 0.1 lots, approximately ¥170,000as a safe operation guideline.
The expected annual return in this case is21.8%.
・Annual Revenue
All ten years show positive profits; in particular, 2018 and 2019 along with recent results are strong, so expectations for 2020 onward are positive.
・Risk Reward and Win Rate
Looking at the relationship between risk-reward and win rate in this backtest,
Scalping Panda over ten years has an “average loss:average profit” of −27,400 yen: 14,500 yen.
Win rateis about 75%, so if you performed 100 trades, the profit/loss breakdown would beloss −27,400×25＝−685,000 yen,profit 14,500×75＝1,087,500 yen,net +¥405,000. This calculation shows. Even if the average loss exceeds the average profit, the high win rate makes it easier to cover a single loss, and as the number of trades increases, the results become more stable and profits rise.
For operating capital about 7% and low maximum drawdown, this EA is one that keeps per-trade losses down and builds profits.
・Chart Analysis
Here we will examine the trades on the chart from the backtest period.
This time we use the custom indicator「JPN_Time_SubZero」to display Japan Time (the second row from the bottom of the chart image shows Japan Time).
Blue: Long Red: Short
Case 1
Enter at around 5:00 JST and exit in one batch a little after 10:00.
Case 2
Enter around 7:30 AM and around 9:50 AM; after breaking the neckline of the triple bottom, both are closed for profit before 11:00. Profits are reliably earned in a short period.
【Summary】
The Scalping Panda features:
・Specialized for the early morning to forenoon time window in Japan Time as an EUR/JPY-only scalping EA (the so-called morning scalping)
・In 2019, about ¥300,000 profit (forward test showing an annual return of over 28%).
・In the past 10 years of backtesting, the maximum drawdown is low and win rate is high. By accumulating more winning trades to increase the total positive.
Therefore, it delivers solid results even within the limited time window, so it should continue to perform steadily in future operations.
