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Need EA for scalping system - MT4/MT5 resources

author EAcpu | 4 reads | 0 comments |
It's an interesting system and I'd really like to see an EA made for it. With this system you really have to trade at the right time and I had a hard time scanning through all the pairs, paying close attention to every setting and not missing an entry. The thing is I did miss out on a lot of good deals. The EA bot really helps with entering trades and then from there I can manually monitor when to exit.

*With this system you have to use a template or set up the indicator the way I did. Mainly channel lines. For best results, do not enter a trade if the price has crossed the yellow line.

Optimal time frame: 15 minutes.

Enter
1. Wait for the super signal to form. The further away from the yellow line the better.
2. Wait for the trend arrow.
3. Wait for the histogram to change the opposite color.
4. Again, for best results, make sure the price does not cross the yellow center line.

This is a "scalping" strategy aimed at only making a profit of around 5-10 pips. You may be able to catch more on higher time frames with bigger moves, but for myself I find it has the best results on the 15 minute time frame.

For the EA bot I wanted something very simple and easy to understand:
*Batch size
*TP
*SL
*One transaction
* If the price has crossed the center yellow line, then the robot will cancel the trade and wait for another setup.
SYSTEM2_zpsxacnpq8j.pngchannel lines setup.pngcrosstheline_zpsacecd7ke.pngEURJPYM15.png
SYSTEM2_zpsxacnpq8j.pngchannel lines setup.pngcrosstheline_zpsacecd7ke.pngEURJPYM15.png
SYSTEM2_zpsxacnpq8j.pngchannel lines setup.pngcrosstheline_zpsacecd7ke.pngEURJPYM15.png
SYSTEM2_zpsxacnpq8j.pngchannel lines setup.pngcrosstheline_zpsacecd7ke.pngEURJPYM15.png
SYSTEM2_zpsxacnpq8j.pngchannel lines setup.pngcrosstheline_zpsacecd7ke.pngEURJPYM15.png
SYSTEM2_zpsxacnpq8j.pngchannel lines setup.pngcrosstheline_zpsacecd7ke.pngEURJPYM15.png

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