Welcome Forex EA downloads & MT4/MT5 auto-trading resources — EAs, Gold EAs, quant tools and real-world automation.
Sign In Sign Up

Omega trading (omega trading) | Scalping EA download-MT4/MT5 resources-MetaTrader 5 resources

author EAcpu | 4 reads | 0 comments |
Hello everyone, I would like to introduce a system that I recently put together. I don't have extensive backtest results. I just looked at it manually. I made some live trades that worked.

Indicators: xlv4 moving average, omega trend index, RSI color, fast scalping.

Pairing: any
tf: 1hr
BUY: 1- Wait for a quick scalp and then an up signal.
2- Wait for the xlv4 moving average to turn blue (it doesn't matter if it is already blue)
3- Wait for Omega Trend to issue a buy signal (it doesn’t matter if it is already a buy signal)
4- Wait for RSI to give blue or red (color doesn’t matter as long as we have color)
Note: RSI blue or red are our entries. No trades should be made until an RSI signal is received. It keeps us away from bad deals.
SL: previous low
TP: 1:1 rr (so if sl is 50 points, tp is 50 points)

From the chart below you can see that Audjpy recently gave an up signal and the RSI gave a red signal 1 hour later, so I entered an up trade. My SL=60 points TP=60
AUDJPY_H1.pngScreenshot (17).pngCADCHF_H1.pngCADCHF_H4.png
AUDJPY_H1.pngScreenshot (17).pngCADCHF_H1.pngCADCHF_H4.png
AUDJPY_H1.pngScreenshot (17).pngCADCHF_H1.pngCADCHF_H4.png
AUDJPY_H1.pngScreenshot (17).pngCADCHF_H1.pngCADCHF_H4.png
AUDJPY_H1.pngScreenshot (17).pngCADCHF_H1.pngCADCHF_H4.png
AUDJPY_H1.pngScreenshot (17).pngCADCHF_H1.pngCADCHF_H4.png

Attachment to original post (4)

📦 Summary of post attachments (2)

Below are all the files (2) shared in the reply.

Verification code Refresh