Powerful Scalping EA: another run
Our regular readers and users probably remember that we have already analyzed the Powerful Scalping EA commercial trading robot once. We have dedicated the following article to it separate itemWe even tested the robot by testing it on the market. In addition, we even tested the robot on real ECN accountwhich, unfortunately, was closed due to technical circumstances.
It would be wonderful to show you the success of the robot at that time, but alas, the data is not saved, I can only say that they were - the trade was going with a confident small profit around 3-10%.
This time the authors of the robot offered the laboratory of ForTrader.org magazine a modified and revised version of the Powerful Scalping EA, which included new filters and updated the settings to be more optimal. Let's see what happens.
About Powerful Scalping EA
We will not dwell in detail on the principles of Powerful Scalping EA. read hereWe will talk only about what is important to us for this study. So, we have in front of us scalperoperating at EURUSD and timeframe М5. An important condition for the operation of the robot is a low trading spread, because its results directly depend on this indicator. Therefore, not all companies and account types are suitable for trading, ECN with a maximum spread of 0.6-0.7 pips is recommended. Trading account for Powerful Scalping EA is small, you can start with 100$ at 0,01 lot. That's why we choose a real cent ECN from Alpari for monitoring.
- The company: Alpari
- Terminal: MetaTrader 4
- Deposit: 100$
- Currency pair: EURUSD
- Timeframe: М5
- Expert's office hours24/7
- Expert Advisor Type: commercial
Testing Powerful Scalping EA
But before we put Powerful Scalping EA on our trading account, let us once again test the performance of the robot in the strategy tester. It must be said that in the new version of the EA we encountered a rather unpleasant moment. very long testing. On a sufficiently powerful computer one run can take up to 6-8 hours in a year and a half when testing on all ticks. Visualization shows that the analysis process itself takes quite a long time. The authors did not explain the reason for that. Therefore, having run the robot at 100$ through full ticks, we have tried to test it by opening prices. The results were almost the same, so you can rely on them.
- Initial deposit: 100$
- Test Time: 2013.02.26 – 2014.02.26
- Net income: 57.69$
- Maximum drawdown: 8.80 (5.66%)
- Average profitable trade: 0.49
- Average loss trade: -3.00
- Money Management: fixed lot
It should be noted that the result is not fantastic - a little less than 60% for the year. But it should be understood that we limited ourselves to a fixed lot, and this robot shows impressive results only when trading more aggressively. For stability lovers like us such numbers look attractive. Here everyone makes his or her own choice.
Let's now look at the same test, but at opening prices:
- Initial deposit: 100$
- Test Time: 2013.02.26 – 2014.02.26
- Net income: 60.27$
- Maximum drawdown: 10.67 (6.48%)
- Average profitable trade: 0.63
- Average loss trade: -3.01
- Money Management: fixed lot
Even visually, evaluating the balance graphs, we see that there is a difference, but still not so big that absolutely do not trust this test method and do not use it at all. Why did we do it, you may ask? To show the trading of the Powerful Scalping EA on a more solid account in 1000$, which is most often used by our traders.
- Initial deposit: 1000$
- Test Time: 2013.02.26 – 2014.02.26
- Net income: 876.91$
- Maximum drawdown: 106.71 (5.55%)
- Average profitable trade: 6.62
- Average loss trade: -30.07
- Money Management: fixed lot
The result is very similar to the one we got in the previous test, only increased by 10 times. The profit turned out to be higher by almost 20%, which we attribute to the testing error rather than to the merits of Powerful Scalping EA. Nevertheless, all our runs give hope for the growth of our initial deposit at least by 50% per year. Let's see what happens.