SCARLET EURUSD M5 EA: A Profitable Night Scalper
Overview
The SCARLET EURUSD M5 EA is an automated scalping Expert Advisor designed for the EURUSD currency pair. Its primary strategy revolves around buying dips and selling back in line with the medium-term trend. Here are the essential details:
- Minimum Deposit: The EA works well with a minimum deposit of $1,000.
- Time Frame: It operates on a 5-minute (M5) chart.
- Currency Pair: Specifically optimized for EURUSD.
Strategy
The basic approach of the SCARLET EURUSD M5 EA is as follows:
- Buy Dips: When the price experiences a pullback (dip) within the overall uptrend, the EA identifies buying opportunities. It aims to enter at favorable levels.
- Sell Back: As the price moves back in the direction of the medium-term trend, the EA sells its position.
Performance
- Gain: +1390.38%
- Daily Return: 0.05%
- Monthly Return: 1.41%
- Drawdown: 42.44%
- Balance: $14,903,791.70
- Highest Balance: $14,903,791.70
- Profit: $13,903,791.45
- Deposits: $1,000,000.00
- Test Period: Jan 18, 2005, to Nov 24, 2020
- Average Trade Length: 5 hours 38 minutes
- Winning Trades: 76% (longs) and 79% (shorts)
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀
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Contact: https://t.me/yoforexrobot
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