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Scalping EA
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=6280		 Page 1 of 1
Author:  Archery [ Sun Oct 16, 2022 11:08 am ]
Post subject:  Scalping EA
Hi,

Greetings.

Before I reinvent the tyre, so to speak. Is there an EA or one I can modiy for the following system. Sorry if I posed in the wrong place.

Thanks in advance,

General
- System = Regular scalping
- Pairs = AUDUSD, CADUSD, EURUSED, GBPUSD, NZDUSD, USDJPY
- Session = US only
- Timeframe = 1M
- MA 50, 100 and 200 = We want a nice gap between all 3. Too close together and usually means consolidation is occurring.
- No need to close trades, let them progress to Target or Stoploss (See below)
- Don’t trade 30 minutes before scheduled news affecting pairs. (This can be done manually if not possible via indicators)

Buy Trade
- MA 50 > MA 100 by x times ATR
- MA 100 > MA 200 by x times ATR
- RSI (period configurable) > 50 (Momentum indicator often misused for OS/OB)
- Previous MA 20 bar closed below MA 50
- New MA 20 bar crosses and closes above MA 50

Sell Trade (Reverse of Buy Trade)
- MA 50 < MA 100 by x times ATR
- MA 100 < MA 200 by x times ATR
- RSI (period configurable) < 50
- Previous MA 20 bar closed above MA 50
- New MA 20 bar crosses and closes below MA 50

Target
- X times ATR (Usually 6 x ATR but configurable)

Stoploss
- X times ATR (usually 2 x ATR but configurable)
Author:  SteveHopwood [ Sun Oct 16, 2022 2:59 pm ]
Post subject:  Scalping EA
Learn to use TDesk and Desky and you will be able to play with your settings to your heart's content. TDesk looks daunting at first but is well worthwhile getting to know.

:xm: :rocket:
Author:  Archery [ Sun Oct 16, 2022 7:14 pm ]
Post subject:  Scalping EA
Many thanks.
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