Technical Report

Ray Scalper V1.9
What is new Compared to Pre-Launch Version (V1.0)?
14 January, 2013

The major changes to strategy are listed below:

Weekly pivots used in V1.0 has been replaced with range based channels

Trade entry will occur at start of new M15 bar or at best price at any time during the M15 bar.

No long term indicators like D1/W1 used in V1.9

V1.9 analyzes price action based on M15 and H1 time frame only

V1.9 needs only 3 days data in chart/history (v1.0 required about 30 days in chart/history)

Improvement in trade management to lock in gains better when used with parameters 4411

V1.9 uses 4411 as recommended and default settings. Parameters 1411 considered as conservative settings.

In V1.0 parameter set 4411 used a fixed trailing gap of 5 pips. In V1.9 trailing gap is implemented as a function of volatility and ranged between 5 to 10 pips.

Ray Scalper V1.9 shows very good improvement when compared to the pre-launch version 1.0. We can see improvement on almost all aspects. The latest version almost doubles the net gains with a good decrease in maximum drawdown. There is a 5% drop in the over all success rate, but a 40% improvement in risk reward ratio. The improvement in gains obviously reflects well on the CAGR and average monthly gains as well.

Strategy test result comparison between v1.0 and v1.9
(All tests conducted with spread 1.5 pips - capital $10000 & lot increment 0.1).

Ray Scalper Version	Parameters	Net Gain	Max DD	Success %	Average: Gain/Loss	CAGR	Average Monthly Gain
V1.0 Pre Launch	MA=8 4411	8718%	33%	79%	0.34	41%	3.4%
V1.9	MA=8 4411	14777%	25.45%	74%	0.47	46.86%	3.7%
V1.0 Pre Launch	MA=8 1411	3973%	33%	81.5%	0.28	32%	2.6%
V1.9	MA=8 1411	8086%	28.5%	78%	0.38	40%	3.3%

Disclaimer

U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Clearly understand this: Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.

*CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

By using PhiBase Synergy, you acknowledge that you are familiar with these risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance.