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.
Thank you very much!
Cheers
dynel14
Scalp the trend
- dynel14
- Trader
- Posts: 37
- Joined: Wed Nov 16, 2011 1:38 am
- Location: Cologne/Germany
Scalp the trend
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Re: Scalp the trend
I like it, and am using it also on a RENKO 5 pips chart.. It seems to be very good.