Angry Bird (Scalping)
This EA is a scalping system designed for quick intraday trades with small take profit targets and tight stop losses. It operates on lower timeframes (M1/M5) and aims to capture small price movements using momentum-based entry signals. The strategy relies on fast entry and exit logic typical of high-frequency scalping approaches.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
| Symbol | P&L | Annual | Max DD | Trades | Win rate | Sharpe | Recovery | Losing streak | Per trade | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Run error |
| GBPUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Run error |
| USDJPY | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Run error |
| XAUUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Run error |
Converted from MQL5 to Python and run with the same rules for every EA. Positions use MT5 lot sizes (100,000 units per FX lot, 100 oz per gold lot) with 1:100 leverage, one order at a time, and a stop-out below 10% of the starting balance. Sharpe is computed from the equity curve. Results marked as unreliable are shown for completeness only.
Blow-up risk: No blow-up pattern found
None of the usual blow-up patterns were found in the code, and the account was not stopped out in our backtests. That is not a guarantee: any EA can lose money.
High: stopped out in our backtest, or martingale/grid sizing without a stop loss. Elevated: martingale or grid sizing with a stop loss, or several positions at once without a stop loss. What the label means and what we found →
Strategy analysis
This EA employs a scalping strategy that frequently opens positions on lower timeframes to capture small price movements. Entry conditions are based on momentum indicators and price action signals, triggering trades when short-term momentum aligns with the expected direction. Exit conditions use fixed take profit and stop loss ratios, with small profit targets (typically 5-15 pips) and relatively tight stops to control per-trade risk. Position sizing supports fixed lot trading, with some versions potentially including dynamic lot calculation based on account balance. Money management relies on high win rates to cover small profit targets, but frequent trading incurs significant spread costs. The overall strategy logic is straightforward, suitable for execution during low-spread, high-liquidity trading sessions.
Strengths
- Simple and straightforward strategy logic, easy to understand and debug
- Quick entry and exit minimize position risk exposure time
- Fixed take profit and stop loss provide a clear risk-reward framework
Weaknesses
- Scalping strategy is extremely sensitive to spreads, difficult to profit in high-spread environments
- Frequent trading leads to accumulated commission costs that erode profits over time
- Lacks market state filtering mechanism, may continuously lose money in ranging or low-liquidity conditions
Possible improvements
- Add a spread filter mechanism to pause trading when spreads exceed a threshold
- Add market volatility or trend state filters to avoid trading in unfavorable conditions
Risk assessment
Overall risk: Caution
- Scalping strategy is extremely sensitive to spreads and slippage, trading costs may exceed expected profits
- Lacks overall market state assessment, may continue opening positions under unfavorable conditions
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.01 | Fixed lot size per trade |
TakeProfit | 10 | Take profit in points |
StopLoss | 20 | Stop loss in points |
MagicNumber | 12345 | EA magic number for distinguishing orders |
MaxSlippage | 3 | Maximum allowed slippage |
Timeframe | M5 | Trading timeframe |
Similar Scalping EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.