We are having a technical issue with accessing our VPS since 6th November – the problem is being attended to by the support center of the service provider.
We have not been able to recover our setup and may need to re-install all our platforms, reload the EA’s on our reference accounts. The reference accounts will be operational again by this weekend. This period of disruption will be noted on our web site shortly.
Your may use the following accounts for reference in the mean while:
Ray Scalper V1.9 will be released on 14th January, 2013.
This FxOpen account was running Ray Scalper V1.0 since start in August. The lot size of 0.1 for capital 1000 was 3x the recommended risk level. This account is to be used as a trade reference only and the gains/loss do not reflect the actual performance potential of the EA. The account balance has been adjusted by adding additional funds to enable proper risk level for trading.
This reference account will be updated to V1.9 on Sunday before markets open for trading next week.
This account will be run using fixed lot sizes of 0.1 and the new recommended parameters (4411) will be used after the update.
Several demo accounts and third party real accounts will run the new version providing reference for gain potential of the EA using proper money management. Please visit our website : https://rayscalper.phibase.com
Ray Scalper has been live trading proof since August, 2012. The EA has survived 12 years backtest on high quality Alpari M1 data. We have also conducted 5 year tick data tests. All the reports, reference accounts and analysis can be access from our website.
Ray Scalper is designed to deliver consistent gains of between 40 to 60% per annum (about 4% per month). The EA trades only one position at a time and does not involve any martingale or grid strategies. Maximum historical drawdown has been around 25%.
Live forward trading has brought in over 700 pips in gains (equity up by over 20% on most accounts). Ray Scalper is being used by hundreds of PhiBase members on live accounts and also being tested by third party review sites.
Ray Scalper is based on the concept of ray tracing. Support/Resistances are calculated using Fibonacci levels, weekly classical pivots and other standard methods. These levels are considered as objects. The EA close of every 15 minute bar the EA shoots out rays in both long and short directions. The default target price (H1 ATR) is placed at distance about 6 hours. Rays which were able to reach the target without cutting across any support/resistance levels are considered for trading. The EA opens a long or short trade based on the best possible ray's direction. Stoploss is placed at 4x the H1 ATR. This allows the EA enough room to close trades which does not work immediately in its favor. Read More : https://rayscalper.phibase.com
Ray Scalper sets SL based on H1 atr. The recommended parameters use 4x H1 atr as the stop loss level. This could make the range of SL vary between 60 pips to 100 pips. In some extreme cases like during 2008, the SL level could reach 200 pips when the H1 atr are in ranges above 50 pips.
The EA calculates trade size based on free margin available. The trade size is about 0.3 lots (mini) for free margin of $10000. On an average the long term loss size is between 70 to 90 pips. So the average loss would be between 2% to 3%. During extremely volatile times line in 2008 or when the Hourly atr range is very high and above 50 pips, the max loss would be 6%. The EA has good potential to gain during high range price action, so this is not a problem.
FXOpen real account which was running with fixed lot size of 0.1 on a capital of 1000. This is equivalent to using 3x the allocation (risk level). This account was funded to make the risk level on par to recommended levels in January after the release of v1.9
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.