This article is obsolete and no longer maintained.
Trading style: Ray Scalper is a strategy that uses an algorithm named “backward ray tracing” for determining its entry and take profit target; the stop loss, take profit and trailing stop are dynamically calculated based on the average true range. Even though its name says “scalper”, the average profitable trade is in excess of 30 pips and the average trade length exceeds 10 hours.
Currency pairs: EURUSD
License: 2 live accounts, 2 demo accounts
NFA compliance: yes (one trade at a time)
Refund policy: no refunds Read more at the PhiBase Ray Scalper website
Settings: default, risk 6
Account type: live, micro
Starting balance: $300
Current EA version: 1.9
Settings: recommended – 4411
Account type: live, ECN
Note: the account was running with a higher risk and conservative settings (1411) until 08.01.2013.