This article is obsolete and no longer maintained.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
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
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.
Settings: recommended – 4411
Started: 17.01.2013
Broker: AGEA
Account type: live
Deposits: $3000
Backtests
This backtest was performed using v1.9 with Dukascopy tick data and real spread, using the recommended settings (so called “4411”).
I also ran another backtest with the same tick data set using the conservative settings (1411).
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