SL10/TP20 Series EURJPY Version "Scalping Owl"
SL10／TP20 Series EURJPY Version
“Scalping Owl”
Among FX Noble's small-loss-big-profit SL10, TP20 series, the most popular is
the EURUSD version of “Scalping Bunny,” but
this EURJPY version is also performing well!
The forward uses a fixed 1.0-lot, yielding about +46 pips and a profit of ¥46,000 in just under a month.
【Trade Example】
The logic is buy on dips and sell on rallies.
Because the stop loss is tight, there is a higher probability of hitting the stop, so the win rate is relatively low.
When it catches the trend well, it can rack up consecutive wins with a 20-pip take profit!
【Backtest Analysis】
2008.01.01-2018.03.30
Fixed at 0.1 lot
With a spread of 1.0
Maximum drawdown ¥32,590
Net profit ¥263,890
Total trades 2,473
Win rate 37%
Margin required per 0.1 lot is
EUR/JPY 0.1 lot: ¥50,000
Maximum drawdown ¥33,000
5 + (3.3 × 2) = ¥126,000
With ¥130,000, the maximum drawdown would stay within 50%
In that case, the expected average annual profit is ¥25,000, sothe annual return is about 20%.
（Monthly P/L）
Looking at monthly P/L, November and February tend to be weaker.
Also, on an annual basis, only 2015 shows a slight negative.
【Operational Notes】
Scalping Owl uses EUR/JPY, so be mindful of spread differences depending on the FX company.
The official backtest assumes a spread of 0.5, so ideally the spread should be 1 pip or less.
Conversely, spreads above 1 pip may make profits unlikely, so caution is advised.
＜FX brokers' EUR/JPY spread comparison＞
Also, even with Oanda Japan used for forward measurements,
spreads vary depending on the server and account type, so carefully check the differences and pick the server to use!
If you use Oanda, the Tokyo server is recommended!
> Please also take a look at the other Scalping series.
