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Ray Scalper FxOpen Real (By phibase)

Gain : +35.83%
Drawdown 21.46%
Pips: 279.0
Trades 215
Type: Real
Leverage: 1:400
Trading: Automated

Ray Scalper FxOpen Real Discussion

Aug 29, 2012 at 11:12
10 Replies
Member Since Oct 20, 2012   5 posts
Oct 20, 2012 at 13:11
is this ea for free? can i try it?
Member Since Aug 18, 2010   59 posts
Oct 21, 2012 at 06:13
No it is not free, you can go to the link below to purchase it.
It's amazing what you can accomplish if you don't care who gets the credit.
Member Since Feb 26, 2012   6 posts
Oct 24, 2012 at 12:49
workonline2013 posted:
is this ea for free? can i try it?

ever heard of google?
Member Since Mar 28, 2011   1008 posts
Oct 24, 2012 at 14:28
Ray Scalper FxOpen ECN Real
Real (USD), FXOpen, Technical, Automated, 1:400

4 Digit Price Feed is NOT AN ECN Accounts. Idiots.

more like a Cent account!
Member Since Jan 12, 2012   28 posts
Nov 09, 2012 at 09:07
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) (PhiBase Synergy – EURUSD and USDCHF) (PhiBase Synergy – EURUSD only)

We are sorry for the inconvenience the disruption in reference account has caused.

Thanks and best regards,

PhiBase HelpDesk

Please email us at for any queries since this discussion forum is not monitored by our support team.
Member Since Mar 29, 2012   192 posts
Nov 21, 2012 at 17:04
May we know the settings used on this myfxbook for the EA?

Thanks ;-)
A smooth sea never made a skillful sailor.
Member Since Jan 12, 2012   28 posts
Jan 10, 2013 at 08:33
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 :
Member Since Jan 12, 2012   28 posts
Jan 28, 2013 at 13:22
Ray Scalper v1.9 has been released.

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 :
Member Since Jan 12, 2012   28 posts
Jan 29, 2013 at 17:11
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
Member Since Apr 24, 2013   2 posts
Apr 24, 2013 at 10:56
Ray Scalper V2.0 - 06th April, 2013

What is new Ray Scalper V2.0, comparision to version 1.9 and Live Test vs Back Test study - :)
Member Since Jan 12, 2012   28 posts
Apr 24, 2013 at 11:39
Detailed comparision between v2 and v1.9 is available at
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