Eurosd Scalping system | Scalping EA download - MT4/MT5 resources
I have been using this system for the past few days and the daily returns are very good, over 40 pips. Backtesting tells me that this system can produce great results. I think if anyone is interested in writing code, the experts will do a really good job at it. The system is as follows:
EURUSD 15 minute chart
AO settings 2, 15
Stop loss 15 pips, including spread.
Trade when the price is above or below 10 - wait for the bar to end.
Take profit is determined by stop loss and reversal (EA can take full advantage of this)
Track 10 points.
If you have 3 losses in a row, set a 10 pip take profit on the next 3 trades.
That's it.
Attached is an AO indicator that allows user input:
EURUSD 15 minute chart
AO settings 2, 15
Stop loss 15 pips, including spread.
Trade when the price is above or below 10 - wait for the bar to end.
Take profit is determined by stop loss and reversal (EA can take full advantage of this)
Track 10 points.
If you have 3 losses in a row, set a 10 pip take profit on the next 3 trades.
That's it.
Attached is an AO indicator that allows user input:
Attachment to original post (1)
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