An improved version of the popular GBP/USD-compatible scalping EA! "Scalping Fairy V2"

 2017 year 10 month release of the upgraded version of "Scalping Fairy" has arrived.
Forward performance has1 month surpassed; we will evaluate its performance together with backtest analysis.

【Scalping FairyV2 Overview】

Currency pair:[GBP/USD]

Trading style:[Scalping]

Maximum number of positions: 1

Timeframe used:5 minutes

Maximum stop loss:100

Take profit:10

Win rate78.95% with a high number of trades,PF is2.39 and a strong figure.
2 months show 52.1 pips, while3 months as of the 5th17.4 pips, suggesting further good results may be expected going forward.
Because the currency pair is the highly volatile GBP/USD, the key will be how stable the operation can be while maintaining a high win rate and profitability.

【Backtesting Analysis】

1999.01.04‑2019.01.25

Spread1.0

1 lot

Net profit +12,117,000 yen (annual average605,000 yen)

Maximum drawdown: –57.3 yen (4.95%）

Total number of trades4,934 trades（annual average246.7 trades）

Win rate82.18%

PF1.41

Total number of trades is high and profits are clearly captured.
Maximum drawdown is kept low at -57.3 thousand yen over the 20-year backtest period.

Recommended margin amount is 0.1 lot, so GBP/USD is applicable.

（5.9）＋（5.73×2）＝17.36 (ten-thousand yen)

Thus, 180,000
The expected annual return in this scenario is 34.8%.

From the backtest, the Recovery Factor (RF = net profit ÷ max drawdown) is 21, and even beyond the 20-year test period this result is excellent. The trading count, win rate, and PF are all satisfactory, suggesting stable long-term operation.

Because this operates on the highly volatile GBP/USD, a currency pair with big price moves, it should firmly generate profits as an excellent scalping EA with controlled maximum drawdown.
On the other hand, the risk from rapid price movements can be mitigated by avoiding multiple positions and using a simple logic that stays close to backtests; if still uneasy, you can pause during important economic indicators to make the operation safer.

Scalping Fairy V2


Also, for a limited period from March 1–31, 2019, there is a bundled deal with the same EA creator FX Kizoku’s “Scalping Dragon V2.”
The original “Scalping Fairy” seems to have been designed to operate together with scalping of USD/JPY and EUR/USD, so the combination should pair well.
We hope you’ll strengthen your portfolio with the popular Dragon V2 and Fairy V2 set.
Dragon V2 & Fairy V2 Spring First Set 2019