Make a lot of money! GBP/USD exclusive "Scalping Fairy"
Over +500 pips in just under five months of forward testing!
Single-position trading, yet it earns well.
“Scalping Fairy”
【Scalping Fairy Overview】
Currency pair: [GBP/USD]
Trading style: [Day trading][Scalping]
Maximum positions: 1; Others: Fixed at 1 position for ease of use
Timeframe used: M5
Maximum stop loss: 50
Take profit: 20
【Forward Analysis】
In 2017, +173 pips in 3 months
In 2018, just under 2 months, +392 pips
Indeed, +565 pips over five months of forward testinghas been obtained.
Trade size is 1.0 lots (fixed at 100,000).
Maximum drawdown is 211,486 yen.
The risk-reward ratio is close to 3, and the profit-to-loss balance is excellent for this EA.
【Trading Examples】
In a gentle trend, it handles pullback buying well.
Since TP=20 and SL=50, it closes positions frequently and trades many times.
When the trend reverses, there are certainly times when it hits the SL and loses.
【Backtest Analysis】
In a 12-year backtest from 2005,
assuming a spread of 1.0 pips and a fixed 1.0 lot
maximum drawdown is ¥890,000
net profit is +¥11.1 million
This was the result.
Because trading 1.0 lot with 1 million yen is risky, if you run 0.3–0.4 lots per 1 million yen, drawdown stays in the 30% range.
For those who are okay with a maximum drawdown of 50%, 0.5 lots per 1 million yen is reasonable.
If the margin exceeds 2 million yen, fixed 1.0 lot should be fine.
If operating 0.4 lots per 1 million yen,
Maximum drawdown around 35%, with an expected annual return of about +37%.
【Profit and Loss Chart】
Drawdowns exceeding 500,000 yen occur quite frequently, so be careful not to over-leverage the lot size.
【Monthly Results】
Looking at monthly results, September tends to be slightly weaker.
【Annual Profit and Loss】
Yearly results vary considerably, from about 6 pips to 2000 pips.
However, years with small profits do not continue forever, so over 2–3 years you could achieve +200%.
Drawdowns are sizable, but when it earns, it earns well (and no annual losses!).
Also, a scalping EA dedicated to GBP/USD is quite rare.
(Please edit this section for public release)
