5m scalp system | Scalping EA download - MT4/MT5 resources

Hi everyone, I'm a fairly new member here and I wanted to share a system I have. The goal of this thread is to improve the system and hopefully put EAs together.

Here's the thing:

tool
5 Minute EURUSD Chart PWR Candle Range

rule

PWR determines the trend, positive = bullish, negative = bearish. Do not trade when the candle is larger than 15 pips.

long

The PWR Positive candle has a higher high and a higher low than the previous candle.
Place a pending order at the highest price + spread, stop loss at the lowest price of the candle, and take profit at the size of the candle. Right: Right 1:1

short <br> Of course, quite the opposite.

When your pending order is not hit after 3 candles, cancel your pending order.
After an order is activated, no other orders can be placed until tp or sl is reached.

Trading hours:
8 am to 18 pm Central European Time (CET) or London Time +1 (GMT+1)

Important information on the second chart. (I'm using it only because I tested it this way, its profitability has yet to be determined)