This article is obsolete and no longer maintained.
Trading style: trades in sets of two simultaneous scalping trades in the direction of the trend, one with an 8 pip TP, the other 13, both with a stop loss of 26 pips. Multiple such sets can be open at once (up to 3 by default, totaling 6 trades).
Currency pairs: EURUSD
Timeframe: M15
Expert Advisor price: €249 – recurring yearly subscription (includes 2 other systems from the same vendor)
License: 2 live accounts
NFA compliance: not compliant with the FIFO rule
Refund policy: no refunds
Read more at the Forex EAs website
Buy Forex EAs Trend Scalper
Birt’s forward test
Settings: default, Percent Risk 0.5
Started: 27.11.2011
Stopped: 14.06.2014 (no longer available for sale, only as a managed account service)
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Current version: 7.78
Official account
Settings: unspecified
Started: 2012.01.25
Broker: Institutional Liquidity LLC
Account type: live
Deposits: $1000
Settings: default, Percent Risk 0.5
Started: 20.10.2011
Broker: ThinkForex
Account type: demo
Deposits: $10000
Note: older demo, seems to have been stopped when the live account was started
Backtests
Note: for some reason, in backtesting both trades in a set have a TP of 13 pips. Trading live, they correctly have a TP of 8 respectively 13 pips.
After running the above backtests, I settled on a PercentRisk of 0.75 for my live forward test account. It seems to result in nice gains with a drawdown of only ~15%.
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