Scalp the trend

Place your new trading idea here to see if someone can automate it.
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dynel14
Trader
Posts: 37
Joined: Wed Nov 16, 2011 1:38 am
Location: Cologne/Germany

Scalp the trend

Post by dynel14 »

Hi Steve and all,

inspired from this 3 threads:
http://www.forexfactory.com/showthread.php?t=276813
http://www.forexfactory.com/showthread.php?t=315572
http://www.forexfactory.com/showthread.php?t=325018

I combined a few of the ideas and maybe someone can transform it to an EA.

INDICATORS
1) Semafor (repaints)
2) LWMA 25
3) CCI 15
4) SnakeForce
5) Cycle Identifer (repaints)

Rules LONG:
- Semafor On BOTTOM
- Candle Close ABOVE LWMA 25
- CCI 15 GREEN (>= 0)
- SnakeForce GREEN
- Cycle Spike On BOTTOM

Rules SHORT:
- Semafor On TOP
- Candle Close BELOW LWMA 25
- CCI 15 RED (<= 0)
- SnakeForce RED
- Cycle Spike On TOP

Indicators settings in my template.

Pair: EUR/USD
Session: Frankfurt, London
TF = 5M
TP = +10pips
SL = -20pips
BE = +8pips (if you like...)
Risk = 2-5% (So the EA can calculate the lots to trade)

For the beginning only trade the first combination after Semafor!

The repainting isn't an issue, because it is based on price action, but you know all that ;)

I hope it's understandable. English is not my native language. :D

Image
Image

Thank you very much!

Cheers
dynel14
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nicofx
Posts: 5
Joined: Wed Nov 30, 2011 12:21 pm

Re: Scalp the trend

Post by nicofx »

I like it, and am using it also on a RENKO 5 pips chart.. It seems to be very good.
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