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EA review - NY Close Scalper

Rating total:
Backtests:
Live performance:
Risk control:
Customizability:
Price:
Vendor link | Price: $900  (2019.08.09)
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

NY Close 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

Full backtest report

Strategy Tester: NYCloseScalper_v2.4
SymbolEURUSD (Euro vs US Dollar)
Period5 Minutes (M5) 2010.01.01 00:00 - 2019.06.30 23:55 (2010.01.01 - 2019.07.01)
ModelEvery tick (the most precise method based on all available least timeframes)
Parametersd1="#------------------------------ General Trade Settings ------------------------------#"; orderComment=""; magicNumber=222; lotType=0; fixLots=0.1; lotStep=0.01; equityPerStep=250; neverReduceLotSize=false; equityHardStop=0; dailyEquityStopPercentage=50; pipInPoints=10; slippagePoints=15; maxSpreadPips=-1; maxPositionsAllSymbols=2; stopLoss=-1; addEntryPips=0; addExitPips=0; d2="#------------------------------ Time Settings ------------------------------#"; d3="Time settings are automatically adjusted for DST."; d4="If your VPS has correct time settings, automatic GMT time should work."; liveGMToffset=99; skipSunday=false; startHourGMTwinter=-1; endHourGMTwinter=-1; waitMinutesBetweenSameSideEntry=15; waitMinutesAfterLargeLoss=90; lossFractionOfSL=0.5; dontTradeTripleNegativeSwap=true; tripleSwapDay=3; swapHourGMT=22; stopDayDecember=23; startDayJanuary=7; testerGMToffset=0; testerDataHasDST=false; 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="SPX500"; maxPercentageDecline=0; maxPercentageIncrease=0; exitLossesOnStockMarketCrashTrigger=false;
Bars in test710367Ticks modelled224067333Modelling quality99.90%
Mismatched charts errors0
Initial deposit1000.00SpreadVariable
Total net profit3902.40Gross profit7498.80Gross loss-3596.40
Profit factor2.09Expected payoff1.46
Absolute drawdown11.90Maximal drawdown181.60 (6.70%)Relative drawdown6.70% (181.60)
Total trades2667Short positions (won %)1334 (79.24%)Long positions (won %)1333 (79.59%)
Profit trades (% of total)2118 (79.42%)Loss trades (% of total)549 (20.58%)
Largestprofit trade39.50loss trade-23.90
Averageprofit trade3.54loss trade-6.55
Maximumconsecutive wins (profit in money)42 (178.10)consecutive losses (loss in money)6 (-66.00)
Maximalconsecutive profit (count of wins)226.80 (41)consecutive loss (count of losses)-66.00 (6)
Averageconsecutive wins5consecutive losses1
Graph

Full backtest report

Strategy Tester: NYCloseScalper_v2.4
SymbolGBPUSD (Great Britan Pound vs US Dollar)
Period5 Minutes (M5) 2010.01.01 00:00 - 2019.06.30 23:55 (2010.01.01 - 2019.07.01)
ModelEvery tick (the most precise method based on all available least timeframes)
Parametersd1="#------------------------------ General Trade Settings ------------------------------#"; orderComment=""; magicNumber=222; lotType=0; fixLots=0.1; lotStep=0.01; equityPerStep=250; neverReduceLotSize=false; equityHardStop=0; dailyEquityStopPercentage=50; pipInPoints=10; slippagePoints=15; maxSpreadPips=-1; maxPositionsAllSymbols=2; stopLoss=-1; addEntryPips=0; addExitPips=0; d2="#------------------------------ Time Settings ------------------------------#"; d3="Time settings are automatically adjusted for DST."; d4="If your VPS has correct time settings, automatic GMT time should work."; liveGMToffset=99; skipSunday=false; startHourGMTwinter=-1; endHourGMTwinter=-1; waitMinutesBetweenSameSideEntry=15; waitMinutesAfterLargeLoss=90; lossFractionOfSL=0.5; dontTradeTripleNegativeSwap=true; tripleSwapDay=3; swapHourGMT=22; stopDayDecember=23; startDayJanuary=7; testerGMToffset=0; testerDataHasDST=false; 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="SPX500"; maxPercentageDecline=0; maxPercentageIncrease=0; exitLossesOnStockMarketCrashTrigger=false;
Bars in test710295Ticks modelled221100428Modelling quality99.90%
Mismatched charts errors0
Initial deposit1000.00SpreadVariable
Total net profit4432.20Gross profit7868.80Gross loss-3436.60
Profit factor2.29Expected payoff1.94
Absolute drawdown51.50Maximal drawdown119.70 (2.75%)Relative drawdown7.52% (87.70)
Total trades2285Short positions (won %)1062 (79.47%)Long positions (won %)1223 (79.72%)
Profit trades (% of total)1819 (79.61%)Loss trades (% of total)466 (20.39%)
Largestprofit trade34.70loss trade-41.50
Averageprofit trade4.33loss trade-7.37
Maximumconsecutive wins (profit in money)37 (125.40)consecutive losses (loss in money)5 (-41.10)
Maximalconsecutive profit (count of wins)129.70 (22)consecutive loss (count of losses)-80.00 (3)
Averageconsecutive wins5consecutive losses1
Graph

Full backtest report

Strategy Tester: NYCloseScalper_v2.4
SymbolEURCHF (Euro vs Swiss Franc)
Period5 Minutes (M5) 2010.01.01 00:00 - 2019.06.30 23:55 (2010.01.01 - 2019.07.01)
ModelEvery tick (the most precise method based on all available least timeframes)
Parametersd1="#------------------------------ General Trade Settings ------------------------------#"; orderComment=""; magicNumber=222; lotType=0; fixLots=0.1; lotStep=0.01; equityPerStep=250; neverReduceLotSize=false; equityHardStop=0; dailyEquityStopPercentage=50; pipInPoints=10; slippagePoints=15; maxSpreadPips=-1; maxPositionsAllSymbols=2; stopLoss=-1; addEntryPips=0; addExitPips=0; d2="#------------------------------ Time Settings ------------------------------#"; d3="Time settings are automatically adjusted for DST."; d4="If your VPS has correct time settings, automatic GMT time should work."; liveGMToffset=99; skipSunday=false; startHourGMTwinter=-1; endHourGMTwinter=-1; waitMinutesBetweenSameSideEntry=15; waitMinutesAfterLargeLoss=90; lossFractionOfSL=0.5; dontTradeTripleNegativeSwap=true; tripleSwapDay=3; swapHourGMT=22; stopDayDecember=23; startDayJanuary=7; testerGMToffset=0; testerDataHasDST=false; 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="SPX500"; maxPercentageDecline=0; maxPercentageIncrease=0; exitLossesOnStockMarketCrashTrigger=false;
Bars in test710205Ticks modelled152477055Modelling quality99.90%
Mismatched charts errors0
Initial deposit1000.00SpreadVariable
Total net profit2771.94Gross profit5228.14Gross loss-2456.20
Profit factor2.13Expected payoff1.25
Absolute drawdown6.48Maximal drawdown89.65 (3.21%)Relative drawdown5.45% (70.28)
Total trades2222Short positions (won %)896 (74.22%)Long positions (won %)1326 (81.15%)
Profit trades (% of total)1741 (78.35%)Loss trades (% of total)481 (21.65%)
Largestprofit trade37.12loss trade-46.11
Averageprofit trade3.00loss trade-5.11
Maximumconsecutive wins (profit in money)85 (192.42)consecutive losses (loss in money)6 (-11.41)
Maximalconsecutive profit (count of wins)192.42 (85)consecutive loss (count of losses)-52.60 (2)
Averageconsecutive wins5consecutive losses1
Graph

Full backtest report

Strategy Tester: NYCloseScalper_v2.4
SymbolUSDCHF (US Dollar vs Swiss Franc)
Period5 Minutes (M5) 2010.01.01 00:00 - 2019.06.30 23:55 (2010.01.01 - 2019.07.01)
ModelEvery tick (the most precise method based on all available least timeframes)
Parametersd1="#------------------------------ General Trade Settings ------------------------------#"; orderComment=""; magicNumber=222; lotType=0; fixLots=0.1; lotStep=0.01; equityPerStep=250; neverReduceLotSize=false; equityHardStop=0; dailyEquityStopPercentage=50; pipInPoints=10; slippagePoints=15; maxSpreadPips=-1; maxPositionsAllSymbols=2; stopLoss=-1; addEntryPips=0; addExitPips=0; d2="#------------------------------ Time Settings ------------------------------#"; d3="Time settings are automatically adjusted for DST."; d4="If your VPS has correct time settings, automatic GMT time should work."; liveGMToffset=99; skipSunday=false; startHourGMTwinter=-1; endHourGMTwinter=-1; waitMinutesBetweenSameSideEntry=15; waitMinutesAfterLargeLoss=90; lossFractionOfSL=0.5; dontTradeTripleNegativeSwap=true; tripleSwapDay=3; swapHourGMT=22; stopDayDecember=23; startDayJanuary=7; testerGMToffset=0; testerDataHasDST=false; 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="SPX500"; maxPercentageDecline=0; maxPercentageIncrease=0; exitLossesOnStockMarketCrashTrigger=false;
Bars in test710346Ticks modelled162523582Modelling quality99.90%
Mismatched charts errors0
Initial deposit1000.00SpreadVariable
Total net profit2277.23Gross profit4342.83Gross loss-2065.60
Profit factor2.10Expected payoff1.66
Absolute drawdown15.95Maximal drawdown92.19 (4.46%)Relative drawdown4.95% (60.12)
Total trades1372Short positions (won %)653 (73.51%)Long positions (won %)719 (79.28%)
Profit trades (% of total)1050 (76.53%)Loss trades (% of total)322 (23.47%)
Largestprofit trade39.19loss trade-46.90
Averageprofit trade4.14loss trade-6.41
Maximumconsecutive wins (profit in money)27 (146.02)consecutive losses (loss in money)5 (-12.24)
Maximalconsecutive profit (count of wins)146.02 (27)consecutive loss (count of losses)-52.23 (3)
Averageconsecutive wins5consecutive losses1
Graph

Full backtest report

Strategy Tester: NYCloseScalper_v2.4
SymbolUSDCAD (US Dollar vs Canadian Dollar)
Period5 Minutes (M5) 2010.01.01 00:00 - 2019.06.30 23:55 (2010.01.01 - 2019.07.01)
ModelEvery tick (the most precise method based on all available least timeframes)
Parametersd1="#------------------------------ General Trade Settings ------------------------------#"; orderComment=""; magicNumber=222; lotType=0; fixLots=0.1; lotStep=0.01; equityPerStep=250; neverReduceLotSize=false; equityHardStop=0; dailyEquityStopPercentage=50; pipInPoints=10; slippagePoints=15; maxSpreadPips=-1; maxPositionsAllSymbols=2; stopLoss=-1; addEntryPips=0; addExitPips=0; d2="#------------------------------ Time Settings ------------------------------#"; d3="Time settings are automatically adjusted for DST."; d4="If your VPS has correct time settings, automatic GMT time should work."; liveGMToffset=99; skipSunday=false; startHourGMTwinter=-1; endHourGMTwinter=-1; waitMinutesBetweenSameSideEntry=15; waitMinutesAfterLargeLoss=90; lossFractionOfSL=0.5; dontTradeTripleNegativeSwap=true; tripleSwapDay=3; swapHourGMT=22; stopDayDecember=23; startDayJanuary=7; testerGMToffset=0; testerDataHasDST=false; 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="SPX500"; maxPercentageDecline=0; maxPercentageIncrease=0; exitLossesOnStockMarketCrashTrigger=false;
Bars in test710233Ticks modelled173428820Modelling quality99.90%
Mismatched charts errors0
Initial deposit1000.00SpreadVariable
Total net profit2287.96Gross profit3553.56Gross loss-1265.60
Profit factor2.81Expected payoff2.01
Absolute drawdown8.58Maximal drawdown79.91 (3.48%)Relative drawdown4.30% (60.19)
Total trades1139Short positions (won %)461 (74.84%)Long positions (won %)678 (82.89%)
Profit trades (% of total)907 (79.63%)Loss trades (% of total)232 (20.37%)
Largestprofit trade24.15loss trade-31.44
Averageprofit trade3.92loss trade-5.46
Maximumconsecutive wins (profit in money)24 (105.40)consecutive losses (loss in money)5 (-11.06)
Maximalconsecutive profit (count of wins)105.40 (24)consecutive loss (count of losses)-39.37 (3)
Averageconsecutive wins5consecutive losses1
Graph

Full backtest report

Strategy Tester: NYCloseScalper_v2.4
SymbolEURAUD (Euro vs Australian Dollar)
Period5 Minutes (M5) 2010.01.03 22:00 - 2019.06.30 23:55 (2010.01.01 - 2019.07.01)
ModelEvery tick (the most precise method based on all available least timeframes)
Parametersd1="#------------------------------ General Trade Settings ------------------------------#"; orderComment=""; magicNumber=222; lotType=0; fixLots=0.1; lotStep=0.01; equityPerStep=250; neverReduceLotSize=false; equityHardStop=0; dailyEquityStopPercentage=50; pipInPoints=10; slippagePoints=15; maxSpreadPips=-1; maxPositionsAllSymbols=2; stopLoss=-1; addEntryPips=0; addExitPips=0; d2="#------------------------------ Time Settings ------------------------------#"; d3="Time settings are automatically adjusted for DST."; d4="If your VPS has correct time settings, automatic GMT time should work."; liveGMToffset=99; skipSunday=false; startHourGMTwinter=-1; endHourGMTwinter=-1; waitMinutesBetweenSameSideEntry=15; waitMinutesAfterLargeLoss=90; lossFractionOfSL=0.5; dontTradeTripleNegativeSwap=true; tripleSwapDay=3; swapHourGMT=22; stopDayDecember=23; startDayJanuary=7; testerGMToffset=0; testerDataHasDST=false; 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="SPX500"; maxPercentageDecline=0; maxPercentageIncrease=0; exitLossesOnStockMarketCrashTrigger=false;
Bars in test709604Ticks modelled288205226Modelling quality99.90%
Mismatched charts errors0
Initial deposit1000.00SpreadVariable
Total net profit2288.08Gross profit3931.49Gross loss-1643.41
Profit factor2.39Expected payoff1.98
Absolute drawdown25.21Maximal drawdown91.00 (3.55%)Relative drawdown6.06% (67.32)
Total trades1156Short positions (won %)476 (77.52%)Long positions (won %)680 (83.38%)
Profit trades (% of total)936 (80.97%)Loss trades (% of total)220 (19.03%)
Largestprofit trade34.10loss trade-38.23
Averageprofit trade4.20loss trade-7.47
Maximumconsecutive wins (profit in money)37 (145.01)consecutive losses (loss in money)4 (-19.13)
Maximalconsecutive profit (count of wins)145.01 (37)consecutive loss (count of losses)-51.72 (2)
Averageconsecutive wins6consecutive losses1
Graph

Portfolio backtest

Link to PDF file

Portfolio backtest

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