Maple Forex is, as the name indicates, a scalper. Details about the trading strategy haven’t been disclosed by the developers.
The EA provides a money management as well as the option to 4x trading with a fixed lot size. The trading hours can be set manually, but it should be noted that the EA was developed for the Asian session. The developers recommend to deactivate the Expert Advisor if high-impact news releases are scheduled to be published during the trading window.
Based on the Forex trading uk , Best Scalper achieves a risk-reward-ratio of about 3:1 which – combined with a hit ratio of above 80% – can be considered a good value for a scalper. However, it should be noted that backtests tend to show exaggerated positive results for scalpers which usually cannot be achieved in live trading.
Given that a good broker with very low spreads is recommended for this EA the backtests have been conducted with a spread of 1.0 pips for EURUSD and 2.0 pips for GBPUSD.
A Monte-Carlo-Simulation, based on backtests (2009-2016), with a lot size of 0.20, a starting balance of EUR 1,000 and 100,000 iterations, shows the following results regarding expected profits, expected drawdowns and the derived value at risk. Here the value at risk is expressed as the drawdown which is expected with a probability of 95% and 99% respectively not to be exceeded.