Tick Chart Scalper | Scalping EA download - MT4/MT5 resources
This is a fast scalping system.
Comes with tick chart indicator.
This indicator will track the bid and ask prices.
A buy signal occurs when the ask price is a predetermined number of points faster than the bid price.
A sell signal occurs when the bid price is faster than the ask price by a predetermined number of points.
entry:
- Buy: On the first buy signal, there is an option to add consecutive buy signals
- Sell: On the first sell signal, there is an option to add consecutive sell signals
- Ignore buy signals when the ask price falls.
- Ignore sell signals when the buy line rises
Exit (any or all of the following options):
- Option 1: Close all positions based on opposite signals
- Option 2: Default stop loss and take profit (within the range of spread*2 to spread*5, the risk-reward ratio is 1:2).
- Option 3: Trailing Stop.
Confirm (any or all of the following options):
- Option 1: Continuous signals of the same type.
- Option 2: You can use MA on M1 or M5 for confirmations where you only take long signals above the MA and short signals below the MA
- Option 3: Follow the current higher timeframe candle (e.g. H1) and only buy if it goes up and sell only if it goes down.
The system is still under manual testing.
More on that later...
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