Either name is incorrect or the account linked here by u is not using this EA. Coz scalping doesnt involve 15 & 20 pip trades. Scalping strategies aim for multiple trades at one time with much higher average trades per day as compared to Ray scalper's average here.

But results of the account linked here r good.

Please visit http://rayscalper.phibase.com for complete details about the strategy.

Ray Scalper is NOT a typical scalper.

One of the reason we consider Ray Scalper under the category of scalper is because it uses trailing SL and broker side TP/SL to close out trades. The trade entry is also based on best price level within a M15 bar making the strategy similar to scalping but on a higher time frame. The EA can be considered as scalping time frames like M15 and H1.

Please note that the account on FxStat page will update only once a week. We have other publishing links on our website are available updating every 5 minutes. FxStat is being used by our team for trade performance analsysis.  

R u using fxstat publisher or fxstat manual update feature? Why not fxstat bridge which automatically updates ur data every second.

This MT4 account already updates every 5 minutes to MT4i and MyFxBook.  We use the FXstat bridge for update, but we activate it once every Monday to provide weekly update on FxStat. The expert log records all these published events and is not good for our monitoring purposes.

Do u plan on providing signals here on fxstat? 

You SL to TP ratio looks big. I think it needs a little attention.

The Stop Loss and Target Prices are dynamic and calculated based on the hourly trading range. These are based on technical levels and ensure the trades do not get choped off due to normal price movements with the support/resistance bands.

Ray Scalper will shortly be available as a signal service on FxStat. We are working out the modalities for the same.

Originally posted by phibase2012

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 : http://rayscalper.phibase.com

Based on the return generated, drawdown is very high. Usually systems with around 10% return rate per month aim for less than 15% drawdown. 

Ray Scalper has the potential to deliver annual returns of between 40 to 60% per annual with a drawdown possibility if about 25%. It has been tested over historical 12 years good quality data sets without involving any kind of optimization or curve fitting.

The EA opens one position at a time, uses reasonable SL/TP and does not employ any grid/martingale strategies.

We expect the EA to deliver gains between 4-5% monthly returns. The historical equity movement chart is available at

http://rayscalper.phibase.com/analysis.html  Under the "The depth of losing and strength of gaining periods"

It can be seen that most equity up moves are above 10% with a good number of above 20% movements. Comparitively the equity dd phases are below 10% in most cases with just 2 or 3 instances of 20% DDs.

Our development team continues work on improving the strategy on a continous basis. Future versions will hopefully improve upon the gain potential of the EA while reducing DD.

Rayscalper looks like it is targeting atleast 20 pips.... could not find too many gainers below 20 pips... so it gives me lot of hope.