A chance to double in a few months? 『Speed Scalping EX』
【Speed scalping Overview】
Currency pair: [USD/JPY]
Trading style: [Day trading][Scalping]
Maximum positions: 2 (buy max 1, sell max 1)
Operation type: Compounding
Used timeframe: M15
Maximum stop loss: 36 pips
Take profit: 300 (configurable; if set to 0, it will be 300)
【Parameter Description】
1. compound_interes: true for compounding operation; entry with the lot size calculated from the value of Margin_maintenance_rate.
（Example: Margin_maintenance_rate=2.0; margin maintenance rate = 200% used to calculate the lot size）
compound_interes: false for normal operation. Entry with the lot size specified by Lots.
2. The stop loss is automatically set between the configured maximum (Stop_Loss_Max) and minimum (Stop_Loss).
If fixed, set Stop_Loss_Max and Stop_Loss to the same value (PIPS).
The logic may trigger a stop-out using the Stop_Loss value.
3. TrailingYN: true for trailing stop mode.
If unrealized profit exceeds Trailing_Start (PIPS), move the stop loss down by Trailing_Stop (PIPS).
TrailingYN: false for non-trailing-stop mode. Set TakeProfit to an appropriate value.
4. MaxSpread: Do not enter when the spread exceeds the configured value (points).
5. WaitMinits: Set a cooldown time in minutes after settlement before re-entry (e.g., WaitMinits=0.5 means do not enter for 30 seconds after settlement)
The forward period is still short and in drawdown, but the backtest suggests potential and I want to investigate further
This is the EA I wanted to study further!
■Backtest: +90% in six months
The official backtest covers only six months.
Because this is scalping, backtesting takes a long time, and due to fx-on backtest upload size limits, the period is shortened.
Backtest data for the most recent six months is here
For six months from March to September 2017, starting with $1,000, backtested with MM=True and spread 5, the results are
$1,000 ⇒ $1,965 (net profit $965)
Nearly +100% increase in six monthsThat is wonderful.
Drawdown, because of compounding, is measured as relative drawdown; 23% is within an acceptable range.
■4-year backtest released!
I wanted to see a longer backtest period, so I tried it.
Still quite heavy, so I could only do four years...
Profit amount is +500% over 4 yearsand it's wonderful, but the relative drawdown is a bit harsh (^^;
There has been no collapse, so if you can tolerate the drawdown, you could expect several times your assets in a few years!
Let's take a closer look.
【Monthly profit and loss】
2014 saw continued stagnation. If you encounter this year, you might be discouraged, but in other years it has been steadily increasing.
Profit/loss relative to 1,000,000 yen is large. From the first month, gains of +30%, +20%, +50% keep increasing.
Annual number of trades: over 1000 trades,
Average winning pips: 6 pips, average losing pips: -22 pips
That’s how it stands.
Spread losses common in scalping may not be a major concern.
If favorable, it could double your assets in a few months,
even in the worst year, with two years of operation, you might expect a 100% increase!
