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AUDCAD Scalper EA MT4 – Free Download

AUDCAD Scalper EA MT4 – Free Download

$0.00Price
REQUIREMENTS
Recommend deposit  100 USD 
MT4 Account
VPS (Recommended)
 
FILES
1 Expert Advisor file
User Manual

  • Description

    In the vast realm of forex trading, where fortunes are made and lost within seconds, having the right tools at your disposal can make all the difference. One such tool that has been gaining traction in recent years is the AUDCAD Scalper EA. Designed to capitalize on the volatility of the AUDCAD currency pair, this expert advisor (EA) boasts a myriad of features and functionalities tailored to optimize trading performance. In this comprehensive guide, we delve deep into the workings of the AUDCAD Scalper EA, exploring its key characteristics, advantages, disadvantages, and everything in between.

  • Understanding the AUDCAD Scalper EA

    At its core, the AUDCAD Scalper EA is a sophisticated algorithmic trading system designed for day trading on the AUDCAD currency pair. Operating on a 15-minute time frame (M15), this EA utilizes a portfolio-based approach, incorporating seven distinct trading logics to maximize profit potential. Unlike traditional trading strategies, the AUDCAD Scalper EA does not rely on risky tactics such as grid trading, hedging, or martingale, ensuring a more conservative and sustainable trading approach.

     

     

    Technical Specifications

     Version: 1.0
     Year of issue: 2024
     Working pairs: AUDCAD
     Recommended timeframe: M15
     Minimum Deposit: $1000
     Average of account: 1:30 To 1:1000

  • Key Features and Parameters

    • Before delving into the intricacies of its performance, let’s first familiarize ourselves with the key features and parameters of the AUDCAD Scalper EA:Trading Style: Day tradingMaximum Number of Positions: 7 (one side)Backtest Period: January 1, 2010, to September 29, 2023Ryoden/Nanpin/Martin: Yes/No/NoPortfolio Logic: Seven trading logics with individual parameters including MaxSpread, MagicNumber, and Lots.

  • AUDCAD Scalper EA Performance Metrics

    • Backtest 1

       

      The backtest was conducted on the M15 timeframe for the AUD/CAD currency pair, from December 4, 2008, to March 15, 2024.

      Here are some of the key findings of the backtest:

    • Profit: The EA made a total profit of $15,859.01 over the backtesting period.
    • Number of trades: The EA made 7539 trades during the backtesting period.
    • Sharpe Ratio: The Sharpe Ratio is a measure of risk-adjusted performance. A higher Sharpe Ratio indicates better risk-adjusted performance. The EA has a Sharpe Ratio of 1.4, which is considered to be good.
    • Profit Factor: The Profit Factor is a measure of profitability. A Profit Factor greater than 1 indicates that the average winning trade is larger than the average losing trade. The EA has a Profit Factor of 1.4, which is considered to be good.
    • Winning Percentage: The winning percentage is the percentage of trades that were profitable. The EA has a winning percentage of 66.65%.
    • Maximum Drawdown: The maximum drawdown is the peak-to-trough decline in the equity curve during the backtesting period. The EA has a maximum drawdown of unspecified percentage.

    • Overall, the backtest results suggest that AUDCAD.pro is a profitable forex trading EA. However, it is important to keep in mind that backtests are not a guarantee of future performance. It is important to forward test the EA on a demo account before trading it with real money.

      Backtest 2 

       

      The true measure of any trading tool lies in its performance, and the AUDCAD Scalper EA does not disappoint. Backtested over a substantial period, from January 2010 to September 2023, this EA has demonstrated remarkable profitability and consistency.

      With a total net profit of 142.32, a high win rate of 72%, and a profit factor of 1.59, the AUDCAD Scalper EA stands as a testament to its efficacy in navigating the turbulent waters of the forex market.

  • Advantages of AUDCAD Scalper EA

    • Consistency: The AUDCAD Scalper EA’s portfolio-based approach and conservative trading style ensure consistent profitability over time.
    • Diversification: By incorporating seven distinct trading logics, this EA spreads risk and enhances opportunities for profit in various market conditions.
    • Transparency: With detailed performance metrics and backtest results readily available, users can make informed decisions about the EA’s suitability for their trading strategies.
    • Ease of Use: Designed with user-friendliness in mind, the AUDCAD Scalper EA can be easily integrated into existing trading platforms, making it accessible to traders of all skill levels.

  • Disadvantages of AUDCAD Scalper EA

    • Market Dependency: Like any trading tool, the efficacy of the AUDCAD Scalper EA is subject to market conditions, and performance may vary during periods of extreme volatility or low liquidity.
    • Over-Optimization Risk: While backtesting can provide valuable insights into past performance, over-optimizing parameters based on historical data may lead to suboptimal results in live trading scenarios.
    • Lack of Flexibility: As a pre-programmed algorithm, the AUDCAD Scalper EA may lack the adaptability and intuition of human traders, limiting its ability to react swiftly to unforeseen market developments.

  • Conclusion

    • In conclusion, the AUDCAD Scalper EA represents a powerful tool in the arsenal of forex traders, offering a blend of performance, reliability, and convenience. With its portfolio-based approach, conservative trading style, and impressive track record of profitability, this EA has the potential to enhance trading outcomes for both novice and experienced traders alike. However, it’s essential to approach automated trading tools with caution, understanding their strengths, weaknesses, and limitations in order to make informed decisions and mitigate risks effectively. By harnessing the capabilities of the AUDCAD Scalper EA while remaining vigilant and adaptable in response to market dynamics, traders can unlock new opportunities for success in the ever-evolving world of forex trading.

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