Low-risk, stable-type scalping with limited risk: YellowBicycleScalper for USD/JPY v1

For Scalpers!
A balanced EA with frequent trades, short holding times, and low price

‘YellowBicycleScalper for USD/JPY v1’


Feature 1: Close positions quickly to avoid long drawdowns
Feature 2: About 120 trades per month on average
Feature 3: Compounding enabled, auto-adjusts lot size


First, let's look at forward data



In 2015 it showed prolonged sideways movement, but since February 2016, and especially
after the February 29 update, profits have been accumulating favorably.


【Earned Pips】
In 2016, March was light, but there were no losses.



【Win Rate】
The win rate is not exceptionally high at 65%, but
considering it trades on 1-minute bars with short holding times (average under 30 minutes),
it is hard to maintain a high win rate in a market that can be quite random, so staying above 60% is not a problem.

Updated to reduce risk, an EA with long-term upward potential!

【V1.10 Update Details】
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[Changes since v1.06]
① Removal of the one-minute flash crash exit logic
Replaced by ② dynamic stop loss (SL) for exits.
② Adoption of dynamic SL
SL varies with entry volatility
③ Addition of trailing stop feature
④ Addition of compounding feature
⑤ Addition of comments in trade history
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This is how it works.
Maximum stop loss is 50 pips,
you can hold up to 6 positions, risking up to 300 pips (× lot), but
with the dynamic SL that fluctuates with volatility, since the 2/18 update
the average stop-out pips have been reduced from10.9 pipsto8.14 pipsmaking it lower risk.
That alone helps avoid over 200 pips of monthly losses, a great update.

Also, entries and exits occur only at bar close, giving high backtest reproducibility.

In 2015 I found sideways movement notable, so I asked the author.

A:
In 2015, performance was flat because the EA only entered when market overheating (Bollinger Band width and trend slope) exceeded a certain threshold, so trading frequency and market movement were both low.
The philosophy is to wait for a favorable market before trading.
Thus, even during periods with few trades, the equity gradually rose.


◆ What kind of market is easy to lose in?

A:
Since it is essentially a counter-trend strategy from BB 2σ, it struggles when the price drifts along in a band without a clear reversal.
A simple explanation of the reversal logic: based on statistical market analysis, it judges the market type that tends to reverse.

With compounding, risk management keeps drawdown under control!

Compounding feature introduced in V1.1.
You can set the risk per position (loss amount), so you can control maximum loss while using appropriate lot sizes for compounding.
Defaults are 1% per position, adjustable by number of positions to set total allowable loss percentage.
In the backtest data below, with a max of 5 positions and Risk 1, max loss is limited to 5% for compounding results.


※Click to enlarge



All history in HTML here

Real account operation — thus trustworthy

alienscafe’s MT4 (real account)
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This real account also runs EURUSD together with it.
Looks promising, so please check it out.

A reversal strategy combining BB and proprietary logic on a 1-minute chart for EUR/USD!


The stance of only selling EA that the author can truly operate in real trading is admirable!

Price is also affordable at 9,800 yen.
Considering performance and trading frequency, it’s a good deal, isn’t it?

written by Tera fx-on.com