Product Description

SCARLET EURUSD EB

Seller

SCARLET EURUSD EB

EA name	SCARLET EURUSD EB
author	TYK
currency pair	EURUSD
Time axis	5 minutes (M5)
trading style	scalping
Maximum number of positions	1 position on one side
Backtest period	2007.01.01 – 2021.10.31
Hedged/Nampin/Martin	none/none/none

 

Trade performance (Forward)

Backtest (click for details)

 

EA description

■ Strategy overview

●Trading style
This is a scalping and day trading type EA exclusively for EURUSD that operates at a 5-minute starting price.
The basic strategy is to aim for profits by buying dips and selling back in line with the direction of the medium-term foot.
Combining several types of settlement conditions, we will accumulate profits steadily while suppressing losses.

●Entry time Entry
will be made from 21:00 to 10:00 Japan time (Monday to Friday)
*No positions will be held after 21:00 on Fridays.

Settlement conditions
・Settlement by TP (take profit)
・Settlement by SL (stop loss)
・Settlement by trailing stop (internal logic)・ Settlement
by internal logic (several kinds)
)
・Fiscal year-end settlement (forced settlement at 1:00 on December 25, Japan time)

 

■ Performance

・Profit factor: 1.6
・Recovery factor: 39.22
・No loss per year in the past 14 years of backtesting (2007-October 2021)

 

■ Explanation of parameters

・MagicNo [Initial value: 34712055]
Used to identify the EA.
When operating multiple EAs on one account, please set so that there is no duplication.

・Lots (entry lot) [Initial value: 0.31]
Trading lot size.

・MaxSpread (maximum spread (pips)) [Initial value: 3]
Upper limit of spread (pips) If the
spread exceeds this value, no entry will be made.

・Slippage (slippage at the time of entry (point)) [Initial value: 3]
The upper limit of the slippage at the time of entry (point)

・SlippageClose (Slippage when closing an order (point)) [Initial value: 5]
The upper limit of the slippage when making a payment (point)

・ TP (Settlement Limit) [Initial value: 70]
Profitable price (Pips)

・SL (settlement stop loss (maximum value)) [Initial value: 100]
Stop loss value (pips). With the set value as the maximum value, it is set in a variable formula according to the market situation.

– GMT (User’s server time) [Initial value: 2]
Chart time setting. Enter your provider’s winter time settings.
(Example: Enter 2 for a GMT+2 trader)

・Summertime [Initial value: 1]
Summer time setting. Select the daylight saving time method of the user.
(1: US style 2: British style 0: None)

 

■ Precautions

・This is an EA dedicated to the 5-minute chart of EURUSD. Please note that it does not work properly with other currency pairs and timeframes.