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Trading Idea
Ray Scalper core trading strategy is the concept of Ray Tracing on M15 / H1 trading range channels & Fibonacci levels. It never performs martingale nor pyramiding neither pending orders.
Specifications
License
Lifetime License of Two Real and Two Demo Accounts.
Broker
Ray Scalper is Broker Independent, Works with 4 and 5 Digits Brokers and on Any MT4 Broker including ECN, STP, NFA Regulated Broker. ECN / STP Broker Accounts with Spreads of 1 pips or Lower like using it with Tickmill, and Scope Markets Forex Brokers on TradingFX VPS are Highly Recommended while for the Best Stability and Profitability.
Account
Ray Scalper Trades Profitably On Any Account Type Including Micro, Mini, and Standard Accounts.
NFA & FIFO
NFA Compliant (with No Hedging) and Follows FIFO.
Updates
Free Updates and Upgrades for ONE YEAR, then an Optional Update Renewal Fee of $35/Year Will Be Applied.
Support
Free 24/7 Email Support is Included. Ordinary Support Response Time Takes Less Than 6 Hours, while Technical Support Response Time Takes Less Than 12 Hours. Technical Chat Sessions are also Available with Reservation.
Refund Policy
As Ray Scalper's Performance Over a Short Term of Only 30 Days Can't be Guaranteed, Standard Purchase Protection Guarantee is Applied by the EA Vendor, through which Refund is Only Applicable if the EA was not Delivered or Can't be Activated.
Supported Currency Pairs
EURUSD
MetaTrader Chart Timeframe
M15, H1
Developed By
Phibase
About
Ray Scalper EA
![MyFxBots Admin [www.myfxbots.com]](/assets/media/avatars/myfxbots-admin.png "MyFxBots Admin [www.myfxbots.com]")
Reviewed By
MyFxBots Admin
Last Reviewed On
Mon, 1 Jan 2018
MyfxBook Verified Ray Scalper Live Trading
Real Money Account
Started On
Oct 28, 2014
Leverage
1:100
Broker
Profiforex
Starting Balance
$USC1,443.04
Total Gain
+49.48%
Live Test Summary
Started On
Oct 28, 2014
Account Leverage
1:100
Profit Factor
1.07
Total Gain
+49.48%
Absolute Gain
+50.79%
Monthly Gain
1.21%
Daily Gain
0.02%
Total Pips
1971.5
Total Trades
1111
Profit Amount
USC711.03
(%) Won Trades
1971.5
Drawdown
17.72%
Real Money Account
Live Test Summary
Started On
Jun 10, 2014
Account Leverage
1:200
Profit Factor
1.29
Total Gain
+27.48%
Absolute Gain
+27.48%
Monthly Gain
2.18%
Daily Gain
0.01%
Total Pips
921.4
Total Trades
146
Profit Amount
$2748.24
(%) Won Trades
921.4
Drawdown
10.60%
Ray Scalper Strategy Backtesting
The below strategy tests were performed using a spread of 2.0 pips that is considered above normal for EURUSD. Lower spreads will greatly improve the final profits of the EA. Spreads up to 2.0 pips will have no effect on the EA Performance, while its profitability and trade exits might be affected if a broker with higher spreads is used.
The use tick data only for Ray Scalper backtesting is recommended as is works on every price tick. The live performance tests are perfectly in line with Dukascopy tick data backtests. Even high quality M1 backtests were unsuitable compared to live trading results.
Fixed Lots can be used in case the traders portfolio is made up of several EA's and the gains are always withdrawn on a monthly basis. This test is also useful to study the equity curve without the effect of compounding hiding drawdowns.
Backtests Settings
Symbol
EURUSD (Euro vs US Dollar)
Period
15 Minutes (M15) 2007.04.01 21:00 - 2014.10.10 20:59 (2007.05.01 - 2014.10.11)
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Max_Allocation_Per_Trade=8; Fixed_LotSize=0.1; FinalTarget_x_H1_ATR=8; StopLoss_x_H1_ATR=4; Trail_StopLoss_x_H1_ATR=2; Trail_Trigger_x_H1_ATR=1; Advanced_User_Parameters="Read Manual Before Making Changes"; Skip_Entry_With_High_Risk=false;
Exit_Strategy=false;
Use_Hidden_SL_TP=false;
Set_Max_Trade_Duration=false;
Max_Trade_Duration_Hours=100; Use_Full_Account_Balance=true;
Set_Initial_Start_Balance=0; Restrict_Trade_Entry="Period Day-of-Week and Hour"; Allow_Trades_At_All_Times=true;
Activate_On_DayOfWeek=0; Activate_At_HourOfDay=0; DeActivate_On_DayOfWeek=0; DeActivate_At_HourOfDay=0; Prevent_Trades_Over_WeekEnd="Close Any Open Trade At Day-of-Week and Hour"; Force_Close_Trade=false;
Force_Close_On_DayOfWeek=0; Force_Close_At_HourOfDay=0; MagicNumber=11995533; EA_COMMENT_PREFIX="Ray Scalper "; Use_Free_Margin_Only=false;
Allow_Slippage=5; RefPrice=1.25; MaxRetry=10;
Bars in test
188322
Ticks modelled
76695831
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Backtests Results
Total net profit
8904.80
Gross profit
40369.80
Gross loss
-31465.00
Profit factor
1.28
Expected payoff
7.34
Absolute Bal DD
787.40
Maximal Bal DD
1536.70 (14.30%)
Relative Bal DD
14.30% (1536.70)
Total Trades
1213
Short positions (won %)
628 (66.40%)
Long positions (won %)
585 (69.06%)
Profit trades (% of total)
821 (67.68%)
Loss trades (% of total)
392 (32.32%)
Largest Profit trade
296.60
Largest Loss trade
-200.00
Average Profit trade
49.17
Average Loss trade
-80.27
Maximum consecutive wins (profit in money)
14 (805.30)
Maximum consecutive losses (loss in money)
5 (-216.50)
Maximal consecutive profit (count of wins)
805.30 (14)
Maximal consecutive loss (count of losses)
-439.20 (3)
Avarage consecutive wins
3
Avarage consecutive losses
1
Ray Scalper uses geometric position sizing for money management. Max_Allocation_Per_Trade=8 is default which makes the EA trade with lot size of about 0.32 per $10000. The lot size is scaled relative to increase/decrease in equity. MAx DD of about 22% was seen in backtests since 2008. A max DD of 42% was recorded towards the end of 2007 - This could happen in future but is considered highly unlikely since the trading conditions prior to 2008 was very different from what is seen post 2009.
Backtests Settings
Symbol
EURUSD (Euro vs US Dollar)
Period
15 Minutes (M15) 2007.04.01 21:00 - 2014.10.10 20:59 (2007.05.01 - 2014.10.11)
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Max_Allocation_Per_Trade=8; Fixed_LotSize=0; FinalTarget_x_H1_ATR=8; StopLoss_x_H1_ATR=4; Trail_StopLoss_x_H1_ATR=2; Trail_Trigger_x_H1_ATR=1; Advanced_User_Parameters="Read Manual Before Making Changes"; Skip_Entry_With_High_Risk=false;
Exit_Strategy=false;
Use_Hidden_SL_TP=false;
Set_Max_Trade_Duration=false;
Max_Trade_Duration_Hours=100; Use_Full_Account_Balance=true;
Set_Initial_Start_Balance=0; Restrict_Trade_Entry="Period Day-of-Week and Hour"; Allow_Trades_At_All_Times=true;
Activate_On_DayOfWeek=0; Activate_At_HourOfDay=0; DeActivate_On_DayOfWeek=0; DeActivate_At_HourOfDay=0; Prevent_Trades_Over_WeekEnd="Close Any Open Trade At Day-of-Week and Hour"; Force_Close_Trade=false;
Force_Close_On_DayOfWeek=0; Force_Close_At_HourOfDay=0; MagicNumber=11995533; EA_COMMENT_PREFIX="Ray Scalper "; Use_Free_Margin_Only=false;
Allow_Slippage=5; RefPrice=1.7; MaxRetry=10;
Bars in test
188322
Ticks modelled
76695831
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Backtests Results
Total net profit
118769.71
Gross profit
649739.27
Gross loss
-530969.56
Profit factor
1.22
Expected payoff
97.91
Absolute Bal DD
2756.18
Maximal Bal DD
26370.14 (19.36%)
Relative Bal DD
42.86% (5434.53)
Total Trades
1213
Short positions (won %)
628 (66.40%)
Long positions (won %)
585 (69.06%)
Profit trades (% of total)
821 (67.68%)
Loss trades (% of total)
392 (32.32%)
Largest Profit trade
5151.60
Largest Loss trade
-3871.00
Average Profit trade
791.40
Average Loss trade
-1354.51
Maximum consecutive wins (profit in money)
14 (6523.61)
Maximum consecutive losses (loss in money)
5 (-10972.45)
Maximal consecutive profit (count of wins)
12082.06 (10)
Maximal consecutive loss (count of losses)
-10972.45 (5)
Avarage consecutive wins
3
Avarage consecutive losses
1
Ray Scalper EA Trading Strategy
After Ray Scalper developers have made many researches in the field of ray tracing, they finally could implement the concept into Forex trading via this EA which doesn't ignore the requirement of short term gains of the majority of traders. The EA includes a perfect portfolio diversification via a unique trading strategy that is unmatched among other currently commercially available Expert Advisors.
According to Ray Scalper trading strategy concept of ray tracing, Support / Resistance levels are considered as objects after being calculated using Fibonacci levels, weekly classical Pivots and other standard methods. The EA closes every 15 minute bar and shoots out rays in both long and short directions. It places a default target price (H1 ATR) at a distance of about 6 hours. If some Rays were able to touch the target without cutting across any calculated Support / Resistance level are considered good trading opportunities by the EA which then opens a long or a short trade guided by the best possible ray's direction. StopLoss is then placed at 4x the H1 ATR. This gives enough space for the EA to close trades which take more time to work in its favor.
This is a highly versatile entry logic for Ray Scalper developed and implemented by Phibase which enables the strategy to handle both low and high volatility price actions much better than the prior EA versions.
The scalping strategy of the previous version 2.0 is excellent but it only makes larger gains during certain winning phases when favorable price actions exist, which occurrence time is highly impossible to predict. The current Ray Scalper version 3.0 distributes gains better fairly with preserving the EA scalping nature. The EA Risk : Reward ratio which is 5:2, was the major of the Ray Scalper earlier versions cons which was solved via version 3.0 strategy and trade management system and it now delivers a Risk : Reward ratio of just 3:2 with a success rate maintained above 68%. The difference in the EA performance between some brokers was also reduced by the new strategy.
Other Forex Robots from Phibase
Ray Scalper core trading strategy is the concept of Ray Tracing on M15 / H1 trading range channels & Fibonacci levels. It never performs martingale nor pyramiding neither pending orders.
Trend following and retracement. If moving averages confirm the required market conditions, price action is used to generate trading signals.
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Risk
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.
