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| Scalp the trend https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=16 |
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| Author: | dynel14 [ Wed Nov 16, 2011 6:50 pm ] |
| Post subject: | Scalp the trend |
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 |
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| Author: | nicofx [ Wed Nov 30, 2011 1:34 pm ] |
| Post subject: | Re: Scalp the trend |
I like it, and am using it also on a RENKO 5 pips chart.. It seems to be very good. |
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