ChallengeScalMorning V GBPCAD

About ChallengeScalMorning V GBPCAD

ChallengeScalMorning V GBPCAD is a scalping EA that enters trades in the early morning Japan time, buying on dips and selling on recoveries in the direction of the long-term trend, following the principle of "small losses, large profits (average profit > average loss, maximum profit > maximum loss)."

 

Features

・Enters tradesin the direction of the long-term trend by buying on dips and selling on recoveries in the early morning Japan time, and closes positions by around 9:50 AM, making it a short-term battle type scalping EA! ・Rare for "morning scalping"small losses, large profits (average profit > average loss, maximum profit > maximum loss) EA! ・Equipped with trend determination logic to detect long-term trends andthree types of entry logic using multiple indicators! ・Both real accounts and demo accounts haveover 5 years of operational performance! Currently, it ispublicly available in real forward testing! ・Has a compounding feature ・Significantly improved backtest results with the latest version "ver5.0"!

 

Backtest

The backtest uses TDS (TickDataSuite) and is conducted over a period of about 19 years under the conditions of a spread of 40 (4 pips) and a fixed lot size of 0.1 (⅛ historical data from Dukascopy).

 

Forward

⅛0.01 lots (Yen account) ⅛Measured with "ver5.0" since July 28, 2025

 

Setting Parameters

【Initial Settings】   【Description of Each Parameter】 Type of Daylight Saving Time・・・Specify the type of daylight saving time used by your broker (0: none, 1: US daylight saving time, 2: European daylight saving time). Server GMT Shift (Winter Time)・・・If there is daylight saving time, please specify the "GMT + α" value for your broker's winter time. Saturday Entry・・・Specify whether to allow entries on Saturdays. If not entering, set to "False" (default setting), if entering, set to "True". Allowed Spread (pips)・・・If the spread exceeds the specified value, no entry orders will be placed. Compounding Settings・・・If you want to use the compounding feature, set to "True". ⅛By default, it is set to "False" (fixed lot size of 0.1 lots). Risk Value (%)・・・If you are using compounding, please specify the risk value. It calculates the lot size that can be held based on the risk value specified from the excess margin ("〇"%). Fixed Lot・・・Specify the number of lots for fixed lot trading. Maximum Number of Positions・・・Maximum number of positions (initial value 3) Maximum Stop Loss (pips) Magic Number・・・Please specify the magic number. If operating with other EAs in the same account, enter a different number to avoid order overlap. Comment・・・This is the comment displayed when the EA places orders or closes positions (modifiable)

 

✦Version Upgrade Information

ver5.0 (2025.7.27)・Change of initial SL value ・Correction of entry logic ・Adjustment of internal parameters ver4.0 (2023.8.9)・Correction of entry logic ・Adjustment of internal parameters ver3.0 (2023.6.26)・Correction of entry logic ・Changed initial SL value from 60 pips to 50 pips ・Changed display and order of user-side setting parameters ・Changed Saturday entry to default "false" ・Parameter adjustments ・Code optimization

 

Q&A

QPlease recommend a securities company or broker. ASince this EA enters trades in the early morning Japan time, brokers that have extremely widened spreads for GBPCAD during that time may be more likely to hit stop losses, so they are not recommended. It is advisable to choose brokers with narrow spreads that do not widen excessively in the early morning.   QCan it be used with currency pairs other than GBPCAD? AThis EA is specifically for GBPCAD, so it cannot be used with other currency pairs.   QCan you provide details about the logic? AI’m very sorry, but the details of the logic are kept confidential.   QWill it definitely make a profit? AThis is not limited to this EA, but if the market does not align with the logic, there is a high possibility of incurring losses. Therefore, it cannot be guaranteed that profits will always be made, and there may be cases of losses instead.   QIs it okay to run it simultaneously with other EAs? AYes. However, if the magic numbers are the same, please change the number for use.   QIs it okay to keep it running continuously? AWe aim to develop an EA that can be run for a long time, but there is a possibility of drawdowns expanding or stagnating. In such cases, continuing to run it may lead to increased losses, so please assess the size of the drawdown and the acceptable loss amount to determine whether to continue running the EA.