[FX EA Automated Trading] Introducing the USD/JPY Scalping EA "Utility Player"
Utility Player
This timeDouble i-e of Reiwais featuringUtility Playerwe will introduce.
◆ Strategy
We will explain the strategy of Utility Player.
Currency pair【USDJPY】Time frame used5 minutes
Trading style【Scalping】
Maximum number of positions2(in hedging)
Maximum stop loss104, take profit18
◆ Forward
Forward data since August 25, 2019 is as follows.
Hover the cursor to see date and profit amount, please check.
Approximately about half a year has passed for the forward.
As ofFebruary 18, 2020there have beentrades.
It is an EA that trades about 8 times per month.
Win rate is75%, profit factor is2.62
With 1 lot, profit is＋¥162,051as of now.
As the forward graph shows, the number of trades isn’t very high, but
it reliably generates profits as an EA.
The logic can go both with trend-following and counter-trend depending on market conditions.
◆ Backtest
Finally, about the backtest.
Data from January 2000 to December 2019.
＜Backtest performance by month for the past 18 years＞
As noted on the product page, the backtest data for the past 18 years shows
no annual loss throughout the year, indicating stability.
Since it is not a highly trading EA, it might be good to run it alongside high-frequency EAs.
This timeWe introduced Double i-e of Reiwa's listing Utility Player.
We hope this proves helpful for future EA operations.
