VolcanoWMA Scalping | Scalping EA download - MT4/MT5 resources

Hello,

I came up with my first trading method, which I developed while practicing other people's trading methods, and I did pretty well.

It's inspired by Guppy Moving Averages and some other rainbow trading methods, but ultimately doesn't have much to do with it.

How does it look? :

http://imagebin.org/index.php?mode=image&id=120684http://imagebin.org/index.php?mode=image&id=120684
http://img405.imageshack.us/img405/7...tatrade.th.png http://img59.imageshack.us/img59/6145/eurusdm1.th.png

What is a template? :

- World Music Association 40 to and 90 to 120

Which pair to trade with?

- All currency pairs, all TFs, but I only recommend EU and 1M TF because this is a scalping strategy and the spreads on this currency pair are small.

Trading hours?

From the opening of Tokyo on Monday to the closing of London on Friday.

How to trade? :

- Watch the 1 minute chart at the 1st or 2nd zoom level and wait for the trend to develop and when all WMAs are in agreement Have a nice slope and wait for the arrows. This is the only good way to avoid false arrows

- *The best settings are when the yellow WMA is stretched and the green / compressed *

How to enter? :

- I personally look at my Oanda 5 second chart with the same template and I enter when all WMAs look bullish or bearish (in line with my 1 minute chart of course...)

Stop loss? :

- Most of the time I use the peak and trough concept on the 5 second chart (check the attachment if you've never heard of it), so sometimes it's very tight and sometimes it's a little wider. I avoid going over 20 points, it's scalping...

How to exit? :

- If you have some trading experience, you already know that I can't give you this answer... I personally would move my stop loss beyond my desire order or under my shorts order as soon as possible to avoid me getting blocked stupidly. (I am using oanda, I don’t know if other platforms can do it)

Any questions? :

- You need to know what you are doing This is not a blind system, it is a strategy with the help of good indicators (at least for me).

Why am I sharing it? :

- If no one shares something good on the Internet, we will be very poor both financially and spiritually
- I hope someone tries it out and gives me some feedback.

You really hate rainbow based systems and only your trading is rocky and mine is really bad? :

- You can post many other topics in this forum.

cheers !

Here is the final template and indicator: