EA review - Price action scalping
| Rating total: | |
| Backtests: | |
| Live performance: | |
| Risk control: | |
| Customizability: | |
| Price: |
| Vendor link | Price: | $3000 (2019.10.06) |
| Trading strategy: | Intraday Scalper |
| Vendor live account: | No |
| Own live account: | No |
| Latest tested version: | 1.68 |
| Latest tested date: | 2019.07.11 |
| Risk factors: | Slippage, High spreads |
Since a few weeks this EA is one of the most popular on the mql-marketplace. Because of this we tested it for you.
Here are some informations the EA seller provide on his product page:
The Price Action Scalping Expert Advisor is based on Special Price Action. Combines with some indicators and AI (Artificial Intelligence) to get opportunities to entry
* Features
- Allow compound interest or Fix lots by user
- Spreads protection, using pending orders (stop order) without any market orders
- No grid. No martingale
- A small Stoploss for every trade
- Combines with RSI and Bollinger Bands indicators
- Special Price Action, Special Artificial Intelligence (AI)
It run on the M1 or M5 timeframe and on the following pairs: GBPUSD, EURUSD, GBPJPY, USDCHF, EURCHF, AUDJPY and USDJPY
Our opinion
The EA seller does not provide any forward account, not even a demo account. The provided backtests are very limited. They show the results of only 2 years, with a fixed spread + no information if a slippage simulation was used (must have for scalping EAs). There is no proof that this EA is able to generate money on a real account.Fixed lot size backtests
Why do we use fixed lot size (0.1 lots)? Check our educational page.
Dukascopy 2019.07.11, version 1.68| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 1 Minute (M1) 2010.01.01 00:00 - 2019.05.31 20:59 (2010.01.01 - 2019.06.01) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | INFO1="===== Volume =============================="; LotsSize=0.1; INFO_="----------------------------------------------"; LotsPer1000=0.1; MinLots=0.01; MaxLots=60; INFO2="===== Protection ============================"; def_MaxSpread=1.3; INFO3="===== Confirmation =========================="; BB_PARAM=23; RSI_PARAM=18; def_SL=3; INFO4="===== More ==============================="; MyMagicNumber=68000; Comment="Price Action Scalping v1.68"; | ||||
| Bars in test | 3517926 | Ticks modelled | 179819159 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 769.92 | Gross profit | 9873.94 | Gross loss | -9104.02 |
| Profit factor | 1.08 | Expected payoff | 0.20 | ||
| Absolute drawdown | 3.42 | Maximal drawdown | 2108.11 (16.37%) | Relative drawdown | 16.37% (2108.11) |
| Total trades | 3774 | Short positions (won %) | 2092 (39.58%) | Long positions (won %) | 1682 (35.32%) |
| Profit trades (% of total) | 1422 (37.68%) | Loss trades (% of total) | 2352 (62.32%) | ||
| Largest | profit trade | 75.80 | loss trade | -32.98 | |
| Average | profit trade | 6.94 | loss trade | -3.87 | |
| Maximum | consecutive wins (profit in money) | 13 (210.63) | consecutive losses (loss in money) | 20 (-97.50) | |
| Maximal | consecutive profit (count of wins) | 210.63 (13) | consecutive loss (count of losses) | -104.77 (19) | |
| Average | consecutive wins | 2 | consecutive losses | 3 | |
| Symbol | GBPUSD (Great Britan Pound vs US Dollar) | ||||
| Period | 1 Minute (M1) 2010.01.01 00:00 - 2019.05.31 20:59 (2010.01.01 - 2019.06.01) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | INFO1="===== Volume =============================="; LotsSize=0.1; INFO_="----------------------------------------------"; LotsPer1000=0.1; MinLots=0.01; MaxLots=60; INFO2="===== Protection ============================"; def_MaxSpread=1.3; INFO3="===== Confirmation =========================="; BB_PARAM=23; RSI_PARAM=18; def_SL=3; INFO4="===== More ==============================="; MyMagicNumber=68000; Comment="Price Action Scalping v1.68"; | ||||
| Bars in test | 3519814 | Ticks modelled | 178918049 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | -9938.66 | Gross profit | 9899.27 | Gross loss | -19837.93 |
| Profit factor | 0.50 | Expected payoff | -1.88 | ||
| Absolute drawdown | 9938.66 | Maximal drawdown | 9956.93 (99.39%) | Relative drawdown | 99.39% (9956.93) |
| Total trades | 5280 | Short positions (won %) | 3051 (30.38%) | Long positions (won %) | 2229 (28.89%) |
| Profit trades (% of total) | 1571 (29.75%) | Loss trades (% of total) | 3709 (70.25%) | ||
| Largest | profit trade | 88.64 | loss trade | -253.31 | |
| Average | profit trade | 6.30 | loss trade | -5.35 | |
| Maximum | consecutive wins (profit in money) | 9 (47.58) | consecutive losses (loss in money) | 38 (-270.60) | |
| Maximal | consecutive profit (count of wins) | 101.23 (2) | consecutive loss (count of losses) | -538.74 (7) | |
| Average | consecutive wins | 1 | consecutive losses | 4 | |
| Symbol | EURCHF (Euro vs Swiss Franc) | ||||
| Period | 1 Minute (M1) 2010.01.01 00:00 - 2019.05.31 20:59 (2010.01.01 - 2019.06.01) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | INFO1="===== Volume =============================="; LotsSize=0.1; INFO_="----------------------------------------------"; LotsPer1000=0.1; MinLots=0.01; MaxLots=60; INFO2="===== Protection ============================"; def_MaxSpread=2.3; INFO3="===== Confirmation =========================="; BB_PARAM=23; RSI_PARAM=18; def_SL=3; INFO4="===== More ==============================="; MyMagicNumber=68000; Comment="Price Action Scalping v1.68"; | ||||
| Bars in test | 3507161 | Ticks modelled | 123798836 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | -3170.39 | Gross profit | 5147.48 | Gross loss | -8317.87 |
| Profit factor | 0.62 | Expected payoff | -1.76 | ||
| Absolute drawdown | 3228.32 | Maximal drawdown | 3235.79 (32.33%) | Relative drawdown | 32.33% (3235.79) |
| Total trades | 1801 | Short positions (won %) | 1052 (30.04%) | Long positions (won %) | 749 (32.58%) |
| Profit trades (% of total) | 560 (31.09%) | Loss trades (% of total) | 1241 (68.91%) | ||
| Largest | profit trade | 579.93 | loss trade | -537.88 | |
| Average | profit trade | 9.19 | loss trade | -6.70 | |
| Maximum | consecutive wins (profit in money) | 8 (38.69) | consecutive losses (loss in money) | 19 (-137.21) | |
| Maximal | consecutive profit (count of wins) | 579.93 (1) | consecutive loss (count of losses) | -649.37 (6) | |
| Average | consecutive wins | 2 | consecutive losses | 4 | |
| Symbol | GBPJPY (British Pound vs Japanese Yen) | ||||
| Period | 1 Minute (M1) 2010.01.01 00:00 - 2019.05.31 20:59 (2010.01.01 - 2019.06.01) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | INFO1="===== Volume =============================="; LotsSize=0.1; INFO_="----------------------------------------------"; LotsPer1000=0.1; MinLots=0.01; MaxLots=60; INFO2="===== Protection ============================"; def_MaxSpread=2.3; INFO3="===== Confirmation =========================="; BB_PARAM=23; RSI_PARAM=18; def_SL=3; INFO4="===== More ==============================="; MyMagicNumber=68000; Comment="Price Action Scalping v1.68"; | ||||
| Bars in test | 3520481 | Ticks modelled | 248108602 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | -9876.32 | Gross profit | 7331.44 | Gross loss | -17207.76 |
| Profit factor | 0.43 | Expected payoff | -2.33 | ||
| Absolute drawdown | 9876.32 | Maximal drawdown | 9882.13 (98.76%) | Relative drawdown | 98.76% (9882.13) |
| Total trades | 4237 | Short positions (won %) | 2607 (28.46%) | Long positions (won %) | 1630 (32.64%) |
| Profit trades (% of total) | 1274 (30.07%) | Loss trades (% of total) | 2963 (69.93%) | ||
| Largest | profit trade | 101.49 | loss trade | -39.63 | |
| Average | profit trade | 5.75 | loss trade | -5.81 | |
| Maximum | consecutive wins (profit in money) | 8 (34.79) | consecutive losses (loss in money) | 25 (-129.48) | |
| Maximal | consecutive profit (count of wins) | 109.61 (2) | consecutive loss (count of losses) | -260.44 (24) | |
| Average | consecutive wins | 1 | consecutive losses | 3 | |
| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 5 Minutes (M5) 2010.01.01 00:00 - 2019.05.31 20:55 (2010.01.01 - 2019.06.01) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | INFO1="===== Volume =============================="; LotsSize=0.1; INFO_="----------------------------------------------"; LotsPer1000=0.1; MinLots=0.01; MaxLots=60; INFO2="===== Protection ============================"; def_MaxSpread=1.3; INFO3="===== Confirmation =========================="; BB_PARAM=23; RSI_PARAM=18; def_SL=3; INFO4="===== More ==============================="; MyMagicNumber=68000; Comment="Price Action Scalping v1.68"; | ||||
| Bars in test | 704571 | Ticks modelled | 179819159 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 740.57 | Gross profit | 43065.70 | Gross loss | -42325.13 |
| Profit factor | 1.02 | Expected payoff | 0.03 | ||
| Absolute drawdown | 1.72 | Maximal drawdown | 10231.74 (48.82%) | Relative drawdown | 48.82% (10231.74) |
| Total trades | 22361 | Short positions (won %) | 11979 (40.90%) | Long positions (won %) | 10382 (39.13%) |
| Profit trades (% of total) | 8962 (40.08%) | Loss trades (% of total) | 13399 (59.92%) | ||
| Largest | profit trade | 75.80 | loss trade | -52.35 | |
| Average | profit trade | 4.81 | loss trade | -3.16 | |
| Maximum | consecutive wins (profit in money) | 22 (93.84) | consecutive losses (loss in money) | 24 (-151.16) | |
| Maximal | consecutive profit (count of wins) | 167.08 (20) | consecutive loss (count of losses) | -151.16 (24) | |
| Average | consecutive wins | 2 | consecutive losses | 3 | |
| Symbol | GBPUSD (Great Britan Pound vs US Dollar) | ||||
| Period | 5 Minutes (M5) 2010.01.01 00:00 - 2019.05.31 20:55 (2010.01.01 - 2019.06.01) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | INFO1="===== Volume =============================="; LotsSize=0.1; INFO_="----------------------------------------------"; LotsPer1000=0.1; MinLots=0.01; MaxLots=60; INFO2="===== Protection ============================"; def_MaxSpread=1.3; INFO3="===== Confirmation =========================="; BB_PARAM=23; RSI_PARAM=18; def_SL=3; INFO4="===== More ==============================="; MyMagicNumber=68000; Comment="Price Action Scalping v1.68"; | ||||
| Bars in test | 704500 | Ticks modelled | 178918049 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | -9981.06 | Gross profit | 11488.75 | Gross loss | -21469.81 |
| Profit factor | 0.54 | Expected payoff | -1.26 | ||
| Absolute drawdown | 9993.16 | Maximal drawdown | 9998.42 (99.93%) | Relative drawdown | 99.93% (9998.42) |
| Total trades | 7950 | Short positions (won %) | 4409 (32.50%) | Long positions (won %) | 3541 (32.05%) |
| Profit trades (% of total) | 2568 (32.30%) | Loss trades (% of total) | 5382 (67.70%) | ||
| Largest | profit trade | 55.27 | loss trade | -44.01 | |
| Average | profit trade | 4.47 | loss trade | -3.99 | |
| Maximum | consecutive wins (profit in money) | 10 (53.80) | consecutive losses (loss in money) | 40 (-187.30) | |
| Maximal | consecutive profit (count of wins) | 55.27 (1) | consecutive loss (count of losses) | -187.30 (40) | |
| Average | consecutive wins | 1 | consecutive losses | 3 | |
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