Strategic contrarian EA on the 1-minute chart "Rolling Salamander"

Oval Prime K.T's new EA is

Place contrarian averaging-down trades on a 1-minute chart when the price has moved too far,

Ultra-strategic averaging-down EA！

【Rolling Salamander Overview】

Currency pair: [EUR/USD]

Trading style: [Position Trading]

Maximum number of positions: 6

Used timeframe: M1

Maximum stop loss: 300

Take profit: 50

【Trading Example】

We will apply contrarian trading on the 1-minute chart.

In case of rapid price movements, we will perform contrarian averaging-down with up to six positions.

The maximum SL is 300, but it is rare for all positions to reach -300 pips, and stop losses are managed well.

【Backtest Analysis】

2008.01.01-2017.12.31

Spread 0.5

Fixed 0.1 lot

Net profit +1.06 million yen

Maximum drawdown -219,000 yen

Number of trades 8,382 (annual average 838)

Win rate 63%

Therefore. Since it is a six-position averaging-down strategy, the win rate is relatively low.

Total profit to total loss is 5:4, so it trades a lot and gradually increases profit.

Margin required per 0.1 lot is

Approximately 660,000 yen (66万円).

With 1,200,000 yen, starting lot 0.2 seems fine.

The expected annual return for 660,000 yenis +16%.

So, what about annual profit and loss?

2008 and 2009 produced relatively good results as standalone years.

2011–2014 show slight profits.

Astute traders know this scalping EA doesn’t go negative; you know it’s quite usable, right?

【Projected profits under compound operation, and cautions for operation】

What about compounding? Realisticlast five yearswe performed a backtest of the default compounding operation.

Relative drawdown -35.5%

Net profit +350,000 yen

The result was.

In the case of 0.1 lot simple interest, over five years it’s +296,000 yen (max drawdown 210,000), so not much different.

Considering that the maximum profit briefly exceeded +700,000 yen, the drawdown could be quite severe.

In case of compounding, it’s advisable to withdraw funds when the balance starts to rise nicely.

There are many uses! Positive 1-minute scalping!

【Rolling Salamander】