Over 200 trades per month! For those who prioritize the number of trades, 'BRX'
【BRX Overview】
Currency pair: [USD/JPY]
Trading style: [Scalping]
Maximum number of positions: 10 Others: No limits
Timeframe used: M5
Maximum stop loss: 16
Take profit: 40
Note: In the parameters it shows 160, 40, but these are points, so for pips please treat as 1/10.
Anyway, it's a counter-trend EA that enters trades very often!
【Forward Performance】
Forward performance in just under 4 months: 2,407 pips earned
Maximum drawdown is 91,000 yen
Profit is +240,000 yen
Average monthly number of trades: 220
Win rate 33.89%
This is how it stands. The win rate isn't high, but by trading a lot, profits accumulate gradually and steadily grow.
【Trade Example】
Red: SELL
Blue: BUY
The stop loss is a tight 16 pips, but the maximum number of simultaneous forward positions is 17, so watch the maximum drawdown.
【Backtest Analysis】
2008.01.01-2018.03.30
Spread 0.8 pips
Fixed at 0.1 lots
Net profit: +257,000 yen
Maximum drawdown 950,000 yen
Win rate 29%
Total trades 50,300
This is the case
There is no lie in the catchphrase of around 5,000 trades per year!
The win rate is low, which is concerning, but since profits remain, there are ways to use it as long as you monitor the maximum drawdown!
Anyway, what kind of market is it weak against…
It has significantly underperformed from 2012 to 2014.
You can see the reason by looking at the USD/JPY chart.
Because 2012-2014 was a strong uptrend, the contrarian logic tended to lose.
Looking at the forward performance, it has been earning nicely; it selects markets, but
it's an EA that seems well-suited for earning pips!
