Scarlet EURUSD EB EA

Strategy overview

● Trade Style
A scalping, day trading type EA dedicated to EURUSD that operates at the opening price of 5 minutes.
The basic strategy is to aim for profits by buying and selling back in line with the direction of the medium term.
By combining several types of payment conditions, you can steadily accumulate profits while suppressing losses.

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

● Settlement conditions
・ Settlement by TP (take profit)
・ Settlement by SL (stop loss)
・ Settlement by trailing stop (internal logic)
・ Settlement by internal logic (there are several types)
・ Weekend settlement (forced settlement at 4 o’clock on Saturday, Japan time ) )
・ Settlement at the end of the year (forced settlement at 1 o’clock on December 25, Japan time)

 Performance

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

 Explanation of parameters

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

・ Lots (entry lot) [Initial value: 0.31]
This is the transaction lot size.

-MaxSpread (Max Spread (pips)) [Initial value: 3]
This is the upper limit of the 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 slippage at the time of entry (point)

-SlippageClose (slippage at the time of order closing (point)) [Initial value: 5]
The upper limit of slippage at the time of payment (point)

・ TP (Settlement limit) [Initial value: 70]
Profit value (Pips)

-SL (Settlement stop loss (maximum value)) [Initial value: 100]
Stop-loss value (pips). The set value is set as the maximum value, and it is set in a variable manner according to the market conditions.

-GMT (user’s server time) [Initial value: 2]
Chart time setting. Enter the winter time setting of the user.
(Example: Enter 2 for GMT + 2 vendors)

-Summertime [Initial value: 1]
This is the setting for summertime. Please select the daylight saving time method of the user.
(1: American style 2: English style 0: None)

 Notes

・ It is an EA exclusively for the 5-minute bar of EURUSD. Please note that it will not work properly with other currency pairs and hourly bars.

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