Meet Japan’s favourite, Scal_USDJPY. EA with high trading frequency and flexibility.
https://gogojungleofficial.files.wor...e-50.png?w=740
Scal_USDJPY overview and characteristics
Scal_USDJPY is a scalping type EA that operates 24/7 on USDJPY currency pair. With the appropriate Stop Loss (SL) and Take Profit (TP), The EA yields considerably good profit.
The default SL is set at 200, but this value can range anywhere from 50-200 with a potential profit factor between 1.8 – 7.0, which I think could be promising for traders.
Scal_USDJPY’s provides the ease of trading, without the need of minute curve fittings.
Although the number of transactions is slightly low with the default setting, it’s possible to increase this number by changing the 3 boost values.
Because trailing stop function is also included, it is also possible to leverage TP.
Scal_USDJY main functions include the following:
- Economic indicator filter
- Trailing Stop function
- Friday position close
- Interest Compound feature
- Early position close
While most of these functions should be clear, Early position close prevents the EA from trading in morning time (GMT+9 Japan time zone).
Scal_USDJPY technical details
Item/Content
Trading style: Scalping
Currency pair: USD/JPY
Time frame: M5
Maximum positions: 2 per time
Straddle trading: No
Operation type: Multiple use
MM function (compound interest): Yes
Trade frequency: Twice a week
Take Profit: 10 pips
Stop Loss: 200 pips (can be changed)
Scal_USDJPY parameters setting
The screenshot below shows Scal_USDJPY default setting. [boost 1], [boost 2], [boost 3] are used for changing trade frequency. Furthermore, TP, SL and Trailing Stop settings are also available and subjected to one’s own discretion.
[US_shitsugyou_filter] is set true by default. It’s used to set EA’s position entry during the U.S monthly unemployment rate release. This setting helps Scal_USDJPY to organize its’ positions, which is a highly convenient feature.
[Friday_Close] feature allows EA to control position entries during the weekend with specified time.
https://gogojungleofficial.files.wor...e-51.png?w=740
Scal_USDJPY Backtest result
Scal_USDJPY has been run on 2 different Backtests with different risk distribution, based on a real account. This is to provide less biased and more diverse results that is based on EA’s flexibility for multiple trading patterns and settings. However, despite this flexibility it’s still possible for the EA to maintain low risk.
The best way to do that is to distribute the risk, which means running the EA on two MT4 platforms simultaneously. With some or little differences in parameters setting, the EA will trade similarly on both MT4 platforms, such as open close position at the same time. (However, make sure to set the magic number value different)
Below is the 1st backtest conducted.
Backtest 1
https://gogojungleofficial.files.wor...e-53.png?w=740
Source: http://mt4-labo.com/wp-content/uploa...1-1.0-1280.htm
Backtest 1 result summary:
Backtest duration: 13 years and 2 months
Spread: 1.0 pips
Profit Factor: 4.02
Total profit/loss: +$ 6929.59 (
Maximum drawdown: $ 341.05
Total number of trades: 1280
Average profit: $ 7.50
Average loss: -$ 45.97
Maximum profit: $ 14.72
Maximum loss: -$ 196.29
Success rate: 96.09%
The 1st backtest’s parameters setting is set by default, with on [Friday_Close] set ‘true’. Although the Profit Factor here is slightly different from the official website’s Backtest (6.75 compared to 4.02 here), it’s still very high. The risk-return rate (calculated as profit margin/maximum drawdown), in the 13 years of operation, has also increased positively by 20 times of its original.
Check out our blog below to continue reading:
https://gogojungleofficial.wordpress...g-flexibility/
To ensure the authenticity and credibility of our EAs, you can check their performances from a real account:
By following the link below, you will find more details about the product.
