The IS New Project EA is an another addition to the “IS EA” series that specifically designed for the BTCUSD pair. According to the developer, BTCUSD EA functions best with a minimum deposit of $100 and employs a scalping strategy incorporated within a grid trading model. While it’s presented as a high profit, low drawdown system, a closer look at its design and the attached Myfxbook statistics presents a more nuanced picture.
At its core, the IS New Project EA uses a grid trading strategy with wide order spacing, which means it opens multiple positions at incremental distances as price moves. Each trade includes a fixed take profit target and a trailing stop, providing a method for locking in gains on longer trades while reducing risk exposure. All trades are also protected by a defined stop loss, a standard but crucial risk management tool in an automated system.
The BTCUSD EA incorporates market filters, evaluating average bar percentage and minimum bar size before initiating trades. This mechanism aims to filter out high volatility environments or contexts deemed unsuitable for the strategy, a move to enhance selectivity and reduce unnecessary risk.
Performance Metrics of IS New Project EA
According to the IS New Project EA live Myfxbook account:
- Gain – +787.45% (absolute gain: +416.44%)
- Drawdown – 6.65%
- Profit – $414.52 on a deposit of $99.54
- Win Rate – 90% (106 wins / 118 trades)
- Profit Factor – 9.99
These numbers suggest that, over a relatively small sample of 118 trades, the EA has been extremely profitable, maintaining high win rates for both long (89%) and short (90%) positions. The drawdown remains low, hinting at a tightly controlled risk profile during this short window of activity.
From a statistical viewpoint, key values such as the Profit Factor close to 10 and a Sharpe Ratio of 0.44 imply opportunistic gains but without significant consistency in return to risk performance. The Z-score at -2.60 (with a high 99.9% significance level) might indicate some form of streak based performance, which could reflect a patterned behavior rather than purely random wins.
Recommendations
- Minimum account balance of 100$.
- Work Best on the BTCUSD pair. (Work on any pair)
- The default setting is not optimized well. Please use the given .set files or try to optimize it.
- Work Best on M1 TimeFrames
