"Scal_USDJPY Morning Edition" has dramatically increased both the number of trades and profitability!
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【Scal_USDJPY Morning Edition Overview】
Currency pair: [USD/JPY]
Trading style: [Scalping]
Maximum number of positions: 3 （can be freely set to 10 or less）
Maximum lot size: 10（can be freely set）
Used time frame: M5
Maximum stop loss: 200
Take profit: 18
～ Entry Time ～
On MT4 with GMT+3 daylight time,
server time from 23:30 to 1:35 (roughly 5:30–7:35 JST)
is the timing.
■ Trading frequency is three times higher than Scal_USDJPY running 24 hours!
First, what surprised me was that the number of trades is markedly higher than the original Scal_USDJPY.
Compared to the ultra-high-frequency EA “Pips_Miner,” it’s about half as frequent,
while Scal_USDJPY defaults to about 100 trades per year,
Morning_Edition is in the class of 300–400 trades per year.
（If you also adjust the boost value for Scal_USDJPY, the frequency can increase to around 200 trades per year,
for more details please see here）
Here are the recommended operating methods for Scal_USDJPY
https://fx-on.com/navi/detail/?id=4686
■ Performance comparison with Scal_USDJPY
In short, the number of positions increases from 2 to 3,
the maximum drawdown per 0.1 lot increases from $400 to $1,000, so
the required margin is higher.
■ Backtest Analysis
2005.01.01-2018.06.04
Spread 1.5
Net profit: $20,400
Maximum drawdown: -$1,000
Total trades: 4,848 (annual average 370 trades)
Win rate: 97%
Average gain per trade: $7
Average loss per trade: -$114
The win rate is high, but a single loss can be quite large, so users should understand this well.
There will be several large drawdowns per year.
Recommended margin is
(4.5*3)+(10*2)=33.5 (ten-thousand yen)
this amount.
With 1,000,000 yen, 0.2–0.3 lots are also fine.
Over the past 13 years, the average annual gain is $1,600,
so the expected annual return is about 50%!
【Monthly P/L】
Even though there are many trades, there are months with 0 gained pips.
If you look closely, the holding times are also quite long!
Holding for 1 week–2 weeks, and sometimes almost a month.
【Annual P/L】
Looking by year, 2012 shows a slight loss, but other years have generally yielded profits.
In the last five years, the average gain is about $1,000 per year, and the annual return is about 33%!
■ How the Scal_USDJPY Portfolio Compares ..！
This makes it obvious at a glance!
【Backtest of Scal_USDJPY】↓↓
In Morning_Edition, 2012—the only year with a slight loss—has the largest profit amount!
When lined up, it looks like this
Scal_USDJPY earns steadily every year, which is a good thing, but
its relatively low number of trades was a drawback.
Morning_Edition dramatically increases the number of trades, and the profit per 0.1 lot is large, which is appealing!
And what compensates for that sole drawback—the annual losses—is the “Scal_USDJPY” portfolio,
which has become a wonderful portfolio!
If there are no losing years, Morning Edition can deliver substantial profits on its own!
