EA review - GerFX QuantFlow Scalper
| Rating total: | |
| Backtests: | |
| Live performance: | |
| Risk control: | |
| Customizability: | |
| Price: |
| Vendor link | Price: | $900 (2023.05.15) |
| Trading strategy: | Night Scalper |
| Vendor live account: | Yes |
| Own live account: | Yes |
| Latest tested version: | 2.4 |
| Latest tested date: | 2019.07.11 |
| Risk factors: | Non-calendar news, flash crashes |
GerFX QuantFlow Scalper is a mean reversion system around the time of the end of the NY session. It only enters a single position per symbol with a small profit target. Positions are only held for a short duration (a few hours at max).
What makes it unique compared to other night scalpers are the many filters that try to minimize the risk of getting cought in large movements during the night. Additionally to a normal news filter that filters events from economic calendars, it also has a stock market crash filter, which stops trading when there is a large movement in the stock market. Additinally, it filters out Japanese Holidays on Mondays to reduce the flash crash risk. All three filters can also be backtested as the EA file includes news as well as stock market data up to the date of the latest update.
Furthermore, it is able to use a breaking news filter, which filters recent news, e.g. concerning Brexit. This filter, however, is not included but has to be rented separately. I also cannot be backtested.
Our opinion
The general logic is not unique as there are other scalpers which work similarly. However, the way it is implemented and the multitude of filters, which try to reduce the probability of risky entries, is exceptional.Live performance
Fixed lot size backtests
Why do we use fixed lot size (0.1 lots)? Check our educational page.
Dukascopy 2019.07.11, version 2.4| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 5 Minutes (M5) 2010.01.01 02:00 - 2020.06.30 23:55 (2010.01.01 - 2020.07.01) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | d1="#------------------------------ General Trade Settings ------------------------------#"; orderComment=""; magicNumber=222; halfRiskExceptSunday=false; lotType=0; fixLots=0.1; lotStep=0.01; equityPerStep=250; neverReduceLotSize=false; equityHardStop=0; dailyEquityStopPercentage=0; pipInPoints=10; slippagePoints=2; maxSpreadPips=-1; maxPositionsAllSymbols=2; stopLoss=-1; addEntryPips=0; addExitPips=0; d2="#------------------------------ Time Settings ------------------------------#"; d3="If autoGMT=false (and in backtests) manual values are used."; autoGMT=true; manualGMToffsetWinter=2; manualGMToffsetSummer=3; skipSunday=false; d4="Time settings are automatically adjusted for DST in summer."; startHourGMTwinter=-1; endHourGMTwinter=-1; waitMinutesBetweenSameSideEntry=15; waitMinutesAfterLargeLoss=90; lossFractionOfSL=0.5; dontTradeTripleNegativeSwap=true; tripleSwapDay=-1; swapHourGMT=22; stopDayDecember=23; startDayJanuary=7; d5="#------------------------------ News Filter Settings ------------------------------#"; useNewsFilter=true; filterCentralBankEvents=true; filterSpeechesAndTestimonies=true; filterHighImpact=true; d6="#------------------------------ Stock Market Crash Filter ------------------------------#"; d7="Please insert the symbol for the S&P500 index as it is called at your broker."; stockIndexSymbol="US500"; useStockDataFromBreakingNewsFilter=true; maxPercentageDecline=0; maxPercentageIncrease=0; exitLossesOnStockMarketCrashTrigger=false; | ||||
| Bars in test | 785675 | Ticks modelled | 251507417 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 1000.00 | Spread | Variable | ||
| Total net profit | 4031.17 | Gross profit | 7946.27 | Gross loss | -3915.10 |
| Profit factor | 2.03 | Expected payoff | 1.46 | ||
| Absolute drawdown | 12.27 | Maximal drawdown | 156.88 (5.95%) | Relative drawdown | 5.95% (156.88) |
| Total trades | 2757 | Short positions (won %) | 1443 (78.31%) | Long positions (won %) | 1314 (78.54%) |
| Profit trades (% of total) | 2162 (78.42%) | Loss trades (% of total) | 595 (21.58%) | ||
| Largest | profit trade | 39.50 | loss trade | -23.90 | |
| Average | profit trade | 3.68 | loss trade | -6.58 | |
| Maximum | consecutive wins (profit in money) | 40 (175.72) | consecutive losses (loss in money) | 6 (-44.38) | |
| Maximal | consecutive profit (count of wins) | 215.54 (39) | consecutive loss (count of losses) | -68.80 (4) | |
| Average | consecutive wins | 5 | consecutive losses | 1 | |
| Symbol | GBPUSD (Great Britain Pound vs US Dollar) | ||||
| Period | 5 Minutes (M5) 2010.01.01 02:00 - 2020.06.30 23:55 (2010.01.01 - 2020.07.01) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | d1="#------------------------------ General Trade Settings ------------------------------#"; orderComment=""; magicNumber=222; halfRiskExceptSunday=false; lotType=0; fixLots=0.1; lotStep=0.01; equityPerStep=250; neverReduceLotSize=false; equityHardStop=0; dailyEquityStopPercentage=0; pipInPoints=10; slippagePoints=2; maxSpreadPips=-1; maxPositionsAllSymbols=2; stopLoss=-1; addEntryPips=0; addExitPips=0; d2="#------------------------------ Time Settings ------------------------------#"; d3="If autoGMT=false (and in backtests) manual values are used."; autoGMT=true; manualGMToffsetWinter=2; manualGMToffsetSummer=3; skipSunday=false; d4="Time settings are automatically adjusted for DST in summer."; startHourGMTwinter=-1; endHourGMTwinter=-1; waitMinutesBetweenSameSideEntry=15; waitMinutesAfterLargeLoss=90; lossFractionOfSL=0.5; dontTradeTripleNegativeSwap=true; tripleSwapDay=-1; swapHourGMT=22; stopDayDecember=23; startDayJanuary=7; d5="#------------------------------ News Filter Settings ------------------------------#"; useNewsFilter=true; filterCentralBankEvents=true; filterSpeechesAndTestimonies=true; filterHighImpact=true; d6="#------------------------------ Stock Market Crash Filter ------------------------------#"; d7="Please insert the symbol for the S&P500 index as it is called at your broker."; stockIndexSymbol="US500"; useStockDataFromBreakingNewsFilter=true; maxPercentageDecline=0; maxPercentageIncrease=0; exitLossesOnStockMarketCrashTrigger=false; | ||||
| Bars in test | 787100 | Ticks modelled | 246553958 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 1000.00 | Spread | Variable | ||
| Total net profit | 4327.00 | Gross profit | 8011.06 | Gross loss | -3684.07 |
| Profit factor | 2.17 | Expected payoff | 1.92 | ||
| Absolute drawdown | 52.40 | Maximal drawdown | 144.23 (2.66%) | Relative drawdown | 6.25% (70.40) |
| Total trades | 2251 | Short positions (won %) | 1042 (79.08%) | Long positions (won %) | 1209 (78.91%) |
| Profit trades (% of total) | 1778 (78.99%) | Loss trades (% of total) | 473 (21.01%) | ||
| Largest | profit trade | 34.50 | loss trade | -41.50 | |
| Average | profit trade | 4.51 | loss trade | -7.79 | |
| Maximum | consecutive wins (profit in money) | 31 (120.87) | consecutive losses (loss in money) | 6 (-18.50) | |
| Maximal | consecutive profit (count of wins) | 155.16 (23) | consecutive loss (count of losses) | -79.44 (3) | |
| Average | consecutive wins | 5 | consecutive losses | 1 | |
| Symbol | EURCHF (Euro vs Swiss Franc) | ||||
| Period | 5 Minutes (M5) 2010.01.01 02:00 - 2020.06.30 23:55 (2010.01.01 - 2020.07.01) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | d1="#------------------------------ General Trade Settings ------------------------------#"; orderComment=""; magicNumber=222; halfRiskExceptSunday=false; lotType=0; fixLots=0.1; lotStep=0.01; equityPerStep=250; neverReduceLotSize=false; equityHardStop=0; dailyEquityStopPercentage=0; pipInPoints=10; slippagePoints=2; maxSpreadPips=-1; maxPositionsAllSymbols=2; stopLoss=-1; addEntryPips=0; addExitPips=0; d2="#------------------------------ Time Settings ------------------------------#"; d3="If autoGMT=false (and in backtests) manual values are used."; autoGMT=true; manualGMToffsetWinter=2; manualGMToffsetSummer=3; skipSunday=false; d4="Time settings are automatically adjusted for DST in summer."; startHourGMTwinter=-1; endHourGMTwinter=-1; waitMinutesBetweenSameSideEntry=15; waitMinutesAfterLargeLoss=90; lossFractionOfSL=0.5; dontTradeTripleNegativeSwap=true; tripleSwapDay=-1; swapHourGMT=22; stopDayDecember=23; startDayJanuary=7; d5="#------------------------------ News Filter Settings ------------------------------#"; useNewsFilter=true; filterCentralBankEvents=true; filterSpeechesAndTestimonies=true; filterHighImpact=true; d6="#------------------------------ Stock Market Crash Filter ------------------------------#"; d7="Please insert the symbol for the S&P500 index as it is called at your broker."; stockIndexSymbol="US500"; useStockDataFromBreakingNewsFilter=true; maxPercentageDecline=0; maxPercentageIncrease=0; exitLossesOnStockMarketCrashTrigger=false; | ||||
| Bars in test | 785567 | Ticks modelled | 171081412 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 1000.00 | Spread | Variable | ||
| Total net profit | 2893.35 | Gross profit | 5408.36 | Gross loss | -2515.01 |
| Profit factor | 2.15 | Expected payoff | 1.39 | ||
| Absolute drawdown | 6.79 | Maximal drawdown | 90.18 (3.35%) | Relative drawdown | 5.90% (75.63) |
| Total trades | 2088 | Short positions (won %) | 873 (73.54%) | Long positions (won %) | 1215 (78.35%) |
| Profit trades (% of total) | 1594 (76.34%) | Loss trades (% of total) | 494 (23.66%) | ||
| Largest | profit trade | 48.19 | loss trade | -48.44 | |
| Average | profit trade | 3.39 | loss trade | -5.09 | |
| Maximum | consecutive wins (profit in money) | 51 (129.48) | consecutive losses (loss in money) | 7 (-21.67) | |
| Maximal | consecutive profit (count of wins) | 129.48 (51) | consecutive loss (count of losses) | -61.45 (3) | |
| Average | consecutive wins | 5 | consecutive losses | 1 | |
| Symbol | USDCHF (US Dollar vs Swiss Franc) | ||||
| Period | 5 Minutes (M5) 2010.01.01 02:00 - 2020.06.30 23:55 (2010.01.01 - 2020.07.01) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | d1="#------------------------------ General Trade Settings ------------------------------#"; orderComment=""; magicNumber=222; halfRiskExceptSunday=false; lotType=0; fixLots=0.1; lotStep=0.01; equityPerStep=250; neverReduceLotSize=false; equityHardStop=0; dailyEquityStopPercentage=0; pipInPoints=10; slippagePoints=2; maxSpreadPips=-1; maxPositionsAllSymbols=2; stopLoss=-1; addEntryPips=0; addExitPips=0; d2="#------------------------------ Time Settings ------------------------------#"; d3="If autoGMT=false (and in backtests) manual values are used."; autoGMT=true; manualGMToffsetWinter=2; manualGMToffsetSummer=3; skipSunday=false; d4="Time settings are automatically adjusted for DST in summer."; startHourGMTwinter=-1; endHourGMTwinter=-1; waitMinutesBetweenSameSideEntry=15; waitMinutesAfterLargeLoss=90; lossFractionOfSL=0.5; dontTradeTripleNegativeSwap=true; tripleSwapDay=-1; swapHourGMT=22; stopDayDecember=23; startDayJanuary=7; d5="#------------------------------ News Filter Settings ------------------------------#"; useNewsFilter=true; filterCentralBankEvents=true; filterSpeechesAndTestimonies=true; filterHighImpact=true; d6="#------------------------------ Stock Market Crash Filter ------------------------------#"; d7="Please insert the symbol for the S&P500 index as it is called at your broker."; stockIndexSymbol="US500"; useStockDataFromBreakingNewsFilter=true; maxPercentageDecline=0; maxPercentageIncrease=0; exitLossesOnStockMarketCrashTrigger=false; | ||||
| Bars in test | 785730 | Ticks modelled | 176687323 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 1000.00 | Spread | Variable | ||
| Total net profit | 2114.41 | Gross profit | 4262.28 | Gross loss | -2147.87 |
| Profit factor | 1.98 | Expected payoff | 1.55 | ||
| Absolute drawdown | 16.31 | Maximal drawdown | 104.76 (5.40%) | Relative drawdown | 5.40% (104.76) |
| Total trades | 1365 | Short positions (won %) | 609 (72.09%) | Long positions (won %) | 756 (79.10%) |
| Profit trades (% of total) | 1037 (75.97%) | Loss trades (% of total) | 328 (24.03%) | ||
| Largest | profit trade | 36.36 | loss trade | -46.90 | |
| Average | profit trade | 4.11 | loss trade | -6.55 | |
| Maximum | consecutive wins (profit in money) | 27 (147.40) | consecutive losses (loss in money) | 5 (-22.74) | |
| Maximal | consecutive profit (count of wins) | 147.40 (27) | consecutive loss (count of losses) | -69.84 (2) | |
| Average | consecutive wins | 5 | consecutive losses | 1 | |
| Symbol | USDCAD (US Dollar vs Canadian Dollar) | ||||
| Period | 5 Minutes (M5) 2010.01.01 02:00 - 2020.06.30 23:55 (2010.01.01 - 2020.07.01) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | d1="#------------------------------ General Trade Settings ------------------------------#"; orderComment=""; magicNumber=222; halfRiskExceptSunday=false; lotType=0; fixLots=0.1; lotStep=0.01; equityPerStep=250; neverReduceLotSize=false; equityHardStop=0; dailyEquityStopPercentage=0; pipInPoints=10; slippagePoints=2; maxSpreadPips=-1; maxPositionsAllSymbols=2; stopLoss=-1; addEntryPips=0; addExitPips=0; d2="#------------------------------ Time Settings ------------------------------#"; d3="If autoGMT=false (and in backtests) manual values are used."; autoGMT=true; manualGMToffsetWinter=2; manualGMToffsetSummer=3; skipSunday=false; d4="Time settings are automatically adjusted for DST in summer."; startHourGMTwinter=-1; endHourGMTwinter=-1; waitMinutesBetweenSameSideEntry=15; waitMinutesAfterLargeLoss=90; lossFractionOfSL=0.5; dontTradeTripleNegativeSwap=true; tripleSwapDay=-1; swapHourGMT=22; stopDayDecember=23; startDayJanuary=7; d5="#------------------------------ News Filter Settings ------------------------------#"; useNewsFilter=true; filterCentralBankEvents=true; filterSpeechesAndTestimonies=true; filterHighImpact=true; d6="#------------------------------ Stock Market Crash Filter ------------------------------#"; d7="Please insert the symbol for the S&P500 index as it is called at your broker."; stockIndexSymbol="US500"; useStockDataFromBreakingNewsFilter=true; maxPercentageDecline=0; maxPercentageIncrease=0; exitLossesOnStockMarketCrashTrigger=false; | ||||
| Bars in test | 785614 | Ticks modelled | 194084038 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 1000.00 | Spread | Variable | ||
| Total net profit | 2508.82 | Gross profit | 3901.26 | Gross loss | -1392.44 |
| Profit factor | 2.80 | Expected payoff | 2.02 | ||
| Absolute drawdown | 8.58 | Maximal drawdown | 76.40 (3.18%) | Relative drawdown | 4.58% (66.08) |
| Total trades | 1241 | Short positions (won %) | 502 (74.30%) | Long positions (won %) | 739 (82.27%) |
| Profit trades (% of total) | 981 (79.05%) | Loss trades (% of total) | 260 (20.95%) | ||
| Largest | profit trade | 24.15 | loss trade | -31.44 | |
| Average | profit trade | 3.98 | loss trade | -5.36 | |
| Maximum | consecutive wins (profit in money) | 28 (73.18) | consecutive losses (loss in money) | 4 (-5.57) | |
| Maximal | consecutive profit (count of wins) | 154.55 (24) | consecutive loss (count of losses) | -38.83 (3) | |
| Average | consecutive wins | 5 | consecutive losses | 1 | |
| Symbol | EURAUD (Euro vs Australian Dollar) | ||||
| Period | 5 Minutes (M5) 2010.01.04 00:00 - 2020.06.30 23:55 (2010.01.01 - 2020.07.01) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | d1="#------------------------------ General Trade Settings ------------------------------#"; orderComment=""; magicNumber=222; halfRiskExceptSunday=false; lotType=0; fixLots=0.1; lotStep=0.01; equityPerStep=250; neverReduceLotSize=false; equityHardStop=0; dailyEquityStopPercentage=0; pipInPoints=10; slippagePoints=2; maxSpreadPips=-1; maxPositionsAllSymbols=2; stopLoss=-1; addEntryPips=0; addExitPips=0; d2="#------------------------------ Time Settings ------------------------------#"; d3="If autoGMT=false (and in backtests) manual values are used."; autoGMT=true; manualGMToffsetWinter=2; manualGMToffsetSummer=3; skipSunday=false; d4="Time settings are automatically adjusted for DST in summer."; startHourGMTwinter=-1; endHourGMTwinter=-1; waitMinutesBetweenSameSideEntry=15; waitMinutesAfterLargeLoss=90; lossFractionOfSL=0.5; dontTradeTripleNegativeSwap=true; tripleSwapDay=-1; swapHourGMT=22; stopDayDecember=23; startDayJanuary=7; d5="#------------------------------ News Filter Settings ------------------------------#"; useNewsFilter=true; filterCentralBankEvents=true; filterSpeechesAndTestimonies=true; filterHighImpact=true; d6="#------------------------------ Stock Market Crash Filter ------------------------------#"; d7="Please insert the symbol for the S&P500 index as it is called at your broker."; stockIndexSymbol="US500"; useStockDataFromBreakingNewsFilter=true; maxPercentageDecline=0; maxPercentageIncrease=0; exitLossesOnStockMarketCrashTrigger=false; | ||||
| Bars in test | 784977 | Ticks modelled | 321666387 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 1000.00 | Spread | Variable | ||
| Total net profit | 2674.35 | Gross profit | 4471.40 | Gross loss | -1797.05 |
| Profit factor | 2.49 | Expected payoff | 2.14 | ||
| Absolute drawdown | 25.39 | Maximal drawdown | 90.24 (3.34%) | Relative drawdown | 5.93% (65.87) |
| Total trades | 1248 | Short positions (won %) | 524 (78.44%) | Long positions (won %) | 724 (83.98%) |
| Profit trades (% of total) | 1019 (81.65%) | Loss trades (% of total) | 229 (18.35%) | ||
| Largest | profit trade | 33.92 | loss trade | -36.95 | |
| Average | profit trade | 4.39 | loss trade | -7.85 | |
| Maximum | consecutive wins (profit in money) | 39 (152.34) | consecutive losses (loss in money) | 4 (-19.34) | |
| Maximal | consecutive profit (count of wins) | 152.34 (39) | consecutive loss (count of losses) | -50.70 (2) | |
| Average | consecutive wins | 6 | consecutive losses | 1 | |
| Symbol | EURCAD (Euro vs Canadian Dollar) | ||||
| Period | 5 Minutes (M5) 2004.11.03 07:25 - 2020.06.05 23:55 (2003.01.01 - 2020.06.06) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | d1="#------------------------------ General Trade Settings ------------------------------#"; orderComment=""; magicNumber=222; halfRiskExceptSunday=false; lotType=0; fixLots=0.1; lotStep=0.01; equityPerStep=250; neverReduceLotSize=false; equityHardStop=0; dailyEquityStopPercentage=0; pipInPoints=10; slippagePoints=2; maxSpreadPips=-1; maxPositionsAllSymbols=2; stopLoss=-1; addEntryPips=0; addExitPips=0; d2="#------------------------------ Time Settings ------------------------------#"; d3="If autoGMT=false (and in backtests) manual values are used."; autoGMT=true; manualGMToffsetWinter=2; manualGMToffsetSummer=3; skipSunday=false; d4="Time settings are automatically adjusted for DST in summer."; startHourGMTwinter=-1; endHourGMTwinter=-1; waitMinutesBetweenSameSideEntry=15; waitMinutesAfterLargeLoss=90; lossFractionOfSL=0.5; dontTradeTripleNegativeSwap=true; tripleSwapDay=-1; swapHourGMT=22; stopDayDecember=23; startDayJanuary=7; d5="#------------------------------ News Filter Settings ------------------------------#"; useNewsFilter=true; filterCentralBankEvents=true; filterSpeechesAndTestimonies=true; filterHighImpact=true; d6="#------------------------------ Stock Market Crash Filter ------------------------------#"; d7="Please insert the symbol for the S&P500 index as it is called at your broker."; stockIndexSymbol="US500"; useStockDataFromBreakingNewsFilter=true; maxPercentageDecline=0; maxPercentageIncrease=0; exitLossesOnStockMarketCrashTrigger=false; | ||||
| Bars in test | 1161074 | Ticks modelled | 375381105 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 1000.00 | Spread | Variable | ||
| Total net profit | 2947.14 | Gross profit | 4891.24 | Gross loss | -1944.10 |
| Profit factor | 2.52 | Expected payoff | 2.79 | ||
| Absolute drawdown | 16.55 | Maximal drawdown | 108.37 (7.15%) | Relative drawdown | 7.15% (108.37) |
| Total trades | 1056 | Short positions (won %) | 304 (78.95%) | Long positions (won %) | 752 (80.05%) |
| Profit trades (% of total) | 842 (79.73%) | Loss trades (% of total) | 214 (20.27%) | ||
| Largest | profit trade | 69.93 | loss trade | -35.54 | |
| Average | profit trade | 5.81 | loss trade | -9.08 | |
| Maximum | consecutive wins (profit in money) | 30 (174.40) | consecutive losses (loss in money) | 5 (-51.36) | |
| Maximal | consecutive profit (count of wins) | 218.26 (18) | consecutive loss (count of losses) | -63.74 (4) | |
| Average | consecutive wins | 5 | consecutive losses | 1 | |
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