Protect profits with the built-in break-even feature!『Dragoon USDJPY』
1-Minute Chart Scalping!
Equipped with break-even function to reduce losses
'Dragoon USDJPY'
【Dragoon USDJPY Overview】
Currency pair: [USD/JPY]
Trading style: [Scalping][Day trading]
Maximum number of positions: 2; Other: buy:1 / sell:1
Timeframe used: M1
Maximum stop loss: 80 pips
Take profit: 100 pips
【Forward Performance】
Approximately +320 pips gained over just under 6 months of forward testing
【Backtest Analysis】
Backtest period 2005.01.01-2017.12.31 (13 years)
Spread 0.8 pips
Net profit +$3,434 (annual average +$264)
Maximum drawdown -$632
Total trades 4,249 (annual average 326)
Win rate 71%
Maximum consecutive losses 7
This is how it stands.
Since the maximum drawdown per 0.1 lot is $632, you can start with around $1,500.
With 1,000,000 yen, you can operate at a fixed 0.5–0.6 lots.
In that case, the expected annual profit is +$1,500, roughly 15% per year.
【Monthly Profit and Loss】
February, May, and June tend to be challenging.
【Yearly Profit and Loss】
Looking at annual profits, in 3 of the 13 backtest years it was negative, but
in the best years annual returns can reach just under 50% per year, making it a market-dependent EA.
【Trading Example】
Blue: SELL
Red: BUY
The stop loss is 80 pips, but since entry is on a 1-minute chart, it may feel quite deep.
Both TP and SL are at their maximum values, and normally they are closed earlier by trailing stops.
【About Break-even & Trailing Features】
Dragoon USDJPY includes a 'Break-even' feature,
and when a 10-pip profit is reached, there is a safety feature that moves the stop-loss to +1 pip from the entry.
Thesehelp minimize losses as much as possible, and ensure profit even if it's only 1 pip.
Also, by default it is OFF, but there is a trailing function that activates at 10 pips, and the stop-loss line is raised in 2-pip increments.
Using trailing stops may increase maximum drawdown, but in some cases can significantly extend profits.
If you are familiar with EAs, you can optimize this part and use it!
Protect profits! 1-Minute Chart Scalping