Need4Speed ​​Scalping - MT4/MT5 Resources

Need4Speed ​​is a day scalping system.

It measures the price's speed points in seconds over a user-specified interval.
A sound can be activated to sound an alarm when the maximum speed is exceeded.
The system counts and plots the number of bullish and/or bearish pulses exceeding the maximum velocity in each bar.

Check post 435 for a summary of the terms used in this topic.

Entry options:

1. Minimal risk:
   1. Go long (hidden buy) when there are more bullish impulses in the bearish bar
   2. Go short (hidden sell) when there are more bearish impulses in the bullish bar

   
   

2. Be proactive:
   1. The first bullish impulse to go long
   2. Bears first bearish impulse

   
   

3. Pending orders
   1. ​​Buy stop on breakout of bar high with lots of bullish and bearish impulses.
   2. ​​Sell your stop on a breakout of the bar low where there is a lot of bullish and bearish impulse.

   
   

4. Supported entries:
   1. Go long (exposure buying) when there is more bullish impulse in the bullish bar
   2. Go short (sell on exposure) when there is more bearish impulse in the bearish bar

   
   
   

Exit options:

1. Fixed SL/TP using fixed R:R ratio
2. Stop loss at last low/high and trailing stop price target
3. Trailing Stop
4. Opposite signal

batch:

1. fixed
2. Variable and calculated based on risk percentage and SL

Pairing/Time Range:

1. I prefer liquid currency pairs with low spreads (EURUSD, USDJPY, GBPUSD...)
2. Lower time frames (M1, M5, M15)
3. Higher timeframe as entry filter

Sessions:

1. London (7:00 to 16:00 GMT)

A first version of this EA is included for you to test. The EA does not perform any trading in this version.


Version control:
1. The basic version (signals only) is attached to this article
2. Enhanced basic version N4S_02
3. Version 3 comes with quick trade button N4S_03
4. Basic car version N4S_03_automatic
5. Basic automatic version bucks the trend N4S_03_Auto_Contra
6. Version 3 display fix N4S_AUTO_03_1
7. Version 4 has more options N4S_04
8. Source code (MQL) N4S_04.mq4
9. Manual trading indicator n4s_indy_01
10. Version 5: N4S_05
11. Turbo version 1 for news trading: N4S_Turbo_01
12. Need4Speed ​​Histogram Indicator: N4S_Histogram
13. Version 5 MQL Source: N4S_05.mq4

Fasten your seat belt, start the engine, and go...,

Khalil Abkewiak