Easy Argo Scalper is a scalper that focuses on secondary and exotic currency pairs. This approach leads to the challenge to find a broker that provides acceptable spreads and trading conditions for those pairs. Details of the trading strategy are not publicly available.
The EA secures open trades by placing external stop loss and take profit limits when the trade is opened. Those limits are internally monitored and adjusted whereby positions are usually closed before the external limits are reached.
Apart from the usual options to trade with a fixed lot size or a risk based money management Easy Argo Scalper provides an adaptive money management which allows taking the trading results of the last x trades into account to adjust the risk parameter accordingly.
Based on the backtests, Easy Argo Scalper reaches a risk-reward-ratio of about 2:1 which - combined with a hit ratio of about 75% - can be considered a good value for a scalper. However, it should be noted that backtests tend to show exaggerated positive results for scalpers which usually cannot be achieved in live trading.
A Monte-Carlo-Simulation, based on backtests (2009-2017), with a lot size of 0.10, a starting balance of EUR 1,000 and 100,000 iterations, shows the following results regarding expected profits, expected drawdowns and the derived value at risk. Here the value at risk is expressed as the drawdown which is expected with a probability of 95% and 99% respectively not to be exceeded.
|Pair||Profit||Drawdown||Value at Risk|
AUDCAD, CADCHF, CHFJPY, EURAUD, EURCHF, EURJPY, GBPAUD, GBPCAD, GBPCHF, USDCHF
21:00 - 23:00 GMT
Payment through Avangate.
Voucher for a 15% discount: 453A8B5408
The developers grant an unrestricted right to return within 30 days of purchase which will be paid back through Avangate.
The licence is valid for one computer and an unlimited number of accounts, it includes support and updates. The computer ID has to be registered with support for trading activation.
A 7-pages manual explains the installation and set up of Easy Argo Scalper as well as the input parameters.
The performance of Easy Argo Scalper is demonstrated, as follows, on an exclusive FXPIG Live account as well as on a live account of the developers.
Easy Argo Scalper backtests for the period 2009 - 2017 are shown below.
AUDCAD, spread: 3.0 pips, lots: 0.10
CADCHF, spread: 4.0 pips, lots: 0.10
CHFJPY, spread: 4.0 pips, lots: 0.10
EURAUD, spread: 3.5 pips, lots: 0.10
EURCHF, spread: 2.5 pips, lots: 0.10
EURJPY, spread: 2.5 pips, lots: 0.10
GBPAUD, spread: 5.0 pips, lots: 0.10
GBPCAD, spread: 5.0 pips, lots: 0.10
GBPCHF, spread: 5.0 pips, lots: 0.10
USDCHF, spread: 3.0 pips, lots: 0.10
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