From entry to settlement in just a few minutes! An EA "Brave Chikin" that enables ultra-short-term scalping with improved capital efficiency
■An scalping-type EA that can rotate funds efficiently!
Ham☆さん（https://www.gogojungle.co.jp/users/112709）is offering “Brave Chicken,” a scalping-type EA that operates on the one-minute chart of the highly volatileAUD/GBP and NZD/CHF pairs.
In general, high-win-rate, small-profit, large-drawdown EAs tend to carry a lot of unrealized losses for long periods, which can reduce capital efficiency. However, this“Brave Chicken” closes trades quickly, often within a few minutes from entry to exit, making it highlycapital-efficient..
■Maximize profits with trailing stop!
“Brave Chicken” employs a trailing stop, and profit-taking is mostly due to the trailing stop.Regarding the setting of the parameter “TrailingDistance” (the width of the trailing stop), Ham☆さん recommends not making it smaller than 2 pips.
Additionally, care is needed with stop levels (the distance you must set when placing pending orders such as limit orders or stop orders). For example, if the stop level is 4.0 pips, you cannot place limit or stop orders within 0–4.0 pips from the current price. Stop levels vary by FX broker, so you should confirm in advance.It is recommended to operate “Brave Chicken” with brokers that have a stop level of “0.”.
What is a trailing stop? A method that slides the predetermined loss-cutting line (a stop order) in the direction of the profit, thereby limiting losses while maximizing profits as much as possible. |
■ Strong performance even under a 4-pip spread endurance test!
・Period from January 2008 to December 30, 2014 (Spread 2 pips)
▲This is the backtest result with a 2-pip spread on GBP/AUD. It shows a clean, steadily rising equity curve, indicating the EA has a high edge.
・Period from January 2015 to October 25, 2019 (Spread 4 pips)
▲Here are backtest results under the challenging condition of a 4-pip spread.They show stable performance, suggesting fairly strong spread resistance..
■ Forward test performance is also favorable!
▲ Although the operation period is still short, it has been steadily showing gains, indicating high potential.
EA “Brave Chicken” (Author: Ham☆)
https://www.gogojungle.co.jp/systemtrade/fx/21480
