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
Timeframe: M15
Price: $350
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

Buy Ray Scalper

Birt’s forward test

Settings: default, risk 6
Started: 28.01.2013
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Current EA version: 1.9

[myfxbook_image user=birt system=ray-scalper id=475727 desc=”PhiBase Ray Scalper live forward test”]

Official accounts

Settings: recommended – 4411
Started: 29.08.2012
Broker: FxOpen
Account type: live, ECN
Deposits: $2920
Note: the account was running with a higher risk and conservative settings (1411) until 08.01.2013.

[myfxbook_image user=phibase system=ray-scalper-fxopen-ecn-real id=374056 desc=”PhiBase Ray Scalper official FxOpen ECN live account”]

Settings: recommended – 4411
Started: 17.01.2013
Broker: AGEA
Account type: live
Deposits: $3000

[myfxbook_image user=phibase system=ray-scalper-v19-agea-real id=463978 desc=”PhiBase Ray Scalper official AGEA live account”]

[myfxbook_note]

Backtests

This backtest was performed using v1.9 with Dukascopy tick data and real spread, using the recommended settings (so called “4411”).

RayScalper v1.9 EURUSD M15 2007-2013 backtest, tick data, real spread, default settings, risk 6

RayScalper v1.9 EURUSD M15 2007-2013 backtest, tick data, real spread, default settings, risk 6

I also ran another backtest with the same tick data set using the conservative settings (1411).

RayScalper v1.9 EURUSD M15 2007-2013 backtest, tick data, real spread, conservative settings, risk 6

RayScalper v1.9 EURUSD M15 2007-2013 backtest, tick data, real spread, conservative settings, risk 6