CincinV2.24
CincinV2.24 is a scalping EA that enters trades on small timeframe price movements using a combination of technical indicators for signal generation. It aims to capture quick profits with tight take-profit targets and employs a systematic approach to trade management. The EA is designed for high-frequency trading on lower timeframes with rapid entry and exit logic.
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 | -0.03% | -0.02% | 3.48% | 102 | 54.50% | — | — | — | — | Same as other EAs |
| GBPUSD | +2.36% | +2.05% | 4.79% | 99 | 47.50% | — | — | — | — | Same as other EAs |
| USDJPY | +2.67% | +2.32% | 4.61% | 95 | 48.40% | — | — | — | — | Same as other EAs |
| XAUUSD | +37.13% | +29.81% | 42.85% | 94 | 54.80% | — | — | — | — | Same as other EAs |
On every market this backtest is identical to EA-17187, EA-67691. The automatic conversion almost certainly lost what makes this EA different (a custom indicator, a filter or the money management), so these results are not ranked or counted.
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
CincinV2.24 employs a scalping strategy that uses technical indicator signals on short timeframe charts for rapid trade execution. Entry conditions are based on indicator crossovers or overbought/oversold signals, entering positions quickly when small price movements are detected. Exit conditions feature tight take-profit targets along with stop-losses to control individual trade losses. Position sizing allows users to define fixed lot sizes or dynamically calculate based on account equity percentage. Money management recommends using smaller fixed lots to reduce risk, but the high trading frequency inherent in scalping can lead to accumulated spread and commission costs. The core logic is rapid market entry and exit, accumulating profits through numerous small winning trades.
Strengths
- Scalping strategy can quickly accumulate small profits in low-volatility markets
- Systematic trading eliminates emotional interference with strict rule execution
- Tight take-profit and stop-loss settings help control per-trade risk exposure
Weaknesses
- High-frequency trading generates significant spread and commission costs that can erode profits
- Scalping strategy prone to repeated stop-outs during trending market conditions
- Lacks trend filter mechanism, potentially opening frequent positions in unfavorable conditions
Possible improvements
- Add a trend filter (e.g., higher timeframe moving average) to avoid counter-trend trades
- Implement spread filtering to pause trading when spreads are excessively wide
Risk assessment
Overall risk: Caution
- Scalping strategy may result in frequent losses when spreads widen significantly
- Lack of new bar check may cause repeated position opening within the same candle
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
Lots | 0.01 | Lot size per trade |
TakeProfit | 10 | Take profit in points |
StopLoss | 20 | Stop loss in points |
TrailingStop | 5 | Trailing stop in points |
MagicNumber | 123456 | EA magic number for identifying orders |
Timeframe | M5 | Trading timeframe |
Similar Scalping EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.