Description:
Meet the Scalp_RSI, a powerful EA designed specifically for MetaTrader 4. This system leverages the RSI indicator, having been rigorously tested on Tadawul FX with a precision of 4 points, and is finely tuned for trading the EURUSD on the M1 timeframe!
Performance Overview:
With a target profit (TP) of 20 pips and a stop loss (SL) of 80 pips, this EA boasts an impressive accuracy rate of over 80%. Here's how it performed since July 2010:
- Total Trades: 212
- Profitable Trades: 189
- Accuracy Rate: 89.15%
The statistical probability (p-value) that this EA is not profitable is less than 0.0001. For a deeper dive into the math behind it, check out this link.
Recommendations:
- Best suited for EURUSD on the M1 timeframe
- Parameters for buy orders are particularly strong in terms of profitability and reliability
- Your feedback and insights are always welcome!
Technical Details:
| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 1 Minute (M1) 2010.07.22 13:40 - 2011.01.14 20:31 | ||||
| Model | Every tick signal (the most precise method based on the next available smaller timeframes) | ||||
| Parameters | buy_movement=18; buy_period=2; buy_breakdown=2; buy_RSIv=30; sell_movement=8; sell_period=3; sell_breakdown=4; sell_RSIv=85; buy_StopLoss=80; buy_TakeProfit=20; sell_StopLoss=40; sell_TakeProfit=39; buy_MA=14; sell_MA=14; enable_buy=true; enable_sell=false; Trade_________________=true; Lots=0.05; Slippage=20; breakEven=15; TrailingStopLoss=false; MinMoney=20; Magic=102; | ||||
| Bars in Test | 173050 | Ticks Modeled | 2387128 | Model Quality | 24.99% |
| Error in Chart Adjustment | 0 | ||||
| Initial Deposit | £10,000.00 | ||||
| Total Net Profit | £726.47 | Gross Profit | £1,419.73 | Gross Loss | -£693.26 |
| Profit Factor | 2.05 | Expected Payoff | £3.43 | ||
| Absolute Drawdown | £100.43 | Maximum Drawdown | £181.74 (1.80%) | Relative Drawdown | 1.80% (£181.74) |
| Total Trades | 212 | Short Positions (Win %) | 0 (0.00%) | Long Positions (Win %) | 212 (89.15%) |
| Profitable Trades (% of Total) | 189 (89.15%) | Loss Trades (% of Total) | 23 (10.85%) | ||
| Largest | Profit Trade | £7.91 | Loss Trade | -£31.61 | |
| Average | Profit Trade | £7.51 | Loss Trade | -£30.14 | |
| Maximum | Consecutive Wins (Profit in Money) | 26 (£188.62) | Consecutive Losses (Loss in Money) | -£122.20 | |
| Maximum | Consecutive Profit (Number of Wins) | £188.62 (26) | Consecutive Losses (Number of Losses) | -£122.20 (4) | |
| Average | Consecutive Wins | 12 | Consecutive Losses | 2 | |
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