Razor-sharp scalping | Scalping EA download - MT4/MT5 resources

The origin of sharpness lies in a thread http://www.forexfactory.com/showthread.php?t=172963
Started at http://www.forexfactory.com/tony_dtrader
It appears to have been abandoned for over a year.

We have been trading the system for a week or so and posting the results in the discussion forum
http://www.forexfactory.com/showpost...9&postcount=68

The results of the demo were so good that we are rolling out the system to micro systems and hope to post the event on the Trading Systems Forum as traders' feedback and innovative ideas are very valuable in becoming more and more proficient in the great art and science of Forex trading.

This system is a very simple scalping strategy. Using the 60m candle pattern, we look for a continuation candle. If the new candle moves 5 points in the continuation direction, we enter in that direction. I like to focus on 1m and 5m action.
The bullish candle closes and the new candle rises 5 points to enter the long position.
The bearish candle closes with a new candle down 5 points, entering the short position.
10 stop, 25 target. Nice r/r.

To make things as simple as possible, there is an indicator:
http://www.forexfactory.com/attachme...02009%202:08pm

Coder http://www.forexfactory.com/fxxx

It signals entry, exit, and goals.

I also refer to MACD (21,100,9), 200ema, timber pivots and s/r, market time, trend lines, Fibonacci, etc. for confirmation.

Most signals are good. Some are obviously not acceptable.

This zip contains the content I use for the main template. I prefer flat feet, but will also look to candlesticks.
A candlestick chart is a 1 hour chart showing 2 candles.
The second diagram is what I like to follow on 1m and 5m.
Take what you can use and keep the rest…