This article is obsolete and no longer maintained. I figure the name is related to the author being in relatively close proximity to the shore of the Caspian sea, which also explains the Arabic language featured everywhere on the site.

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A quick glance on the EURGBP version reveals it to be a copy of an older version of VS EuroCross, a good free EA available from The Volatility Scalp Blog , with some parameters changed.

The EA has no real protection to speak of. The idea was probably to scare the normal customer into thinking that the EA is protected. Not much to tell here, other than the fact that it opens scalping trades in the Asian session. The EURCHF EA seems to have a 50 pips stop loss and the EURGBP seems to use various values for its SL or no SL at all; while the EURGBP EA is taking profit at each 4 pips, the EURCHF one seems to take more advantage of what the market is offering and take profits that are often in excess of 10 pips.

For me, all the languages that are written from the right to the left look identical. At the time of this writing, I suppose mt4stats.

He was probably in a rush to get the scam going faster. Other than that, one has to configure the number of lot digits and the operating hours, which are GMT. This one comes with a slightly more sensible default risk setting, Just like for the EURGBP, the lot digits have to be configured and the operating hours, which in this case are GMT.

For backtesting, risk was set to 5 in both EAs.

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Unless otherwise specified, the spread used was 3. The EURGBP test is bound to be somewhat unreliable due to the very small profit setting at 4 pips. Besides that and the trade hours which were set to , I tried to use the default settings. I stress this again: In the following test, the spread is set to 4, which is as much as its profit target. That trade was closed at a loss of over pips. I guess that means that the exit strategy is not really solid and if you happen to get some slippage or widened spreads, you might end up with a trade just like that.

It looks just like the one with MaxTrades 5, but with a slightly lower drawdown and also lower profit. Seems to be pretty much the same, but with a lower risk.

Running it with MaxTrades 5 seems to produce better results. Again, we can spot a large drawdown similar to the one that happened when running it with spread 4.

So, I guess less trades might in the end be a bit safer. If we ignore the drawdown, it looks decent. Due to the average number of pips in the winning trades of this EA, the test will be more reliable than the EURGBP one. The only settings changed from the defaults in all tests were risk, which was set to 5 and the trade hours which were set to Ask yourself, if you had a live 10k account, would you enjoy seeing it go to 7k? It looks like with these settings it might be run live even by the most conservative traders.

Now, this looks scary. This is exactly what you should expect in case your broker typically gives you widened spread, slippage and requotes during the Asian session. However, it manages to get out of it in the end and to come up with a profit.

Reducing the number of trades would probably reduce that, just like it did for M Sometimes they even hedge each other, thereby reducing the risk. This looks very much like the M15 test on the same time period. Not much to say besides the fact that you should be prepared to have a balance curve like this if running this on a live account.

Even though it looks to be performing very well now, you never know when that changes. You can get Dragonpips for the same price and VS EuroCross for free. If you do run it, I recommend using a risk as low as possible on the EURGBP EA or simply not using it at all.

The Caspian EA forward test is running on JadeFX since A new forward test was started on the same day, using the same parameters. The old one is still available for inspection. Jade FX Caspian EA forward test Pairs and timeframes:. Home Products Tick Data Suite Recommended Buy Trial Download Support Blog About.

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Caspian EA October 23, Strategy Not much to tell here, other than the fact that it opens scalping trades in the Asian session. EURGBP This one comes with a slightly more sensible default risk setting, Backtesting For backtesting, risk was set to 5 in both EAs. EURGBP The EURGBP test is bound to be somewhat unreliable due to the very small profit setting at 4 pips.

EURCHF Due to the average number of pips in the winning trades of this EA, the test will be more reliable than the EURGBP one. Forward test The Caspian EA forward test is running on JadeFX since EURGBP M15 EURCHF M15 EURCHF M5 Edit Jade FX Caspian EA forward test Pairs and timeframes: EURGBP M15 EURCHF M15 EURCHF M5 Asian session copy EURCHF EURGBP scalper scam.

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