Scalping the tower | Scalping EA download - MT4/MT5 resources
Hi, I want to share with you this very simple system, the idea is to scalp large candles. Generally speaking, when a large move is detected, we have a good chance of a further 20 pips move higher.
I've been backtesting manually for the past 3 months, so it's worth demonstrating it and backtesting some more.
result:
June EUR/USD 120 pips GBP/USD 120 pips EUR/JPY - 20 pips Total 220 pips
July EUR/USD 0 pips GBP/USD 80 pips EUR/JPY 140 pips Total 220 pips
August EUR/USD 60 pips GBP/USD 40 pips EUR/JPY -20 pips Total 80 pips
rule:
Currency pairs: EUR/USD GBP/USD EUR/JPY
TF 4H
When the body of the candle (Close - Open) > 80 pips, I will go in the same direction at the opening of the next candle, TP = 20 pips, Stop Loss = 100 pips This is the latest trade for GBP/USD
I've been backtesting manually for the past 3 months, so it's worth demonstrating it and backtesting some more.
result:
June EUR/USD 120 pips GBP/USD 120 pips EUR/JPY - 20 pips Total 220 pips
July EUR/USD 0 pips GBP/USD 80 pips EUR/JPY 140 pips Total 220 pips
August EUR/USD 60 pips GBP/USD 40 pips EUR/JPY -20 pips Total 80 pips
rule:
Currency pairs: EUR/USD GBP/USD EUR/JPY
TF 4H
When the body of the candle (Close - Open) > 80 pips, I will go in the same direction at the opening of the next candle, TP = 20 pips, Stop Loss = 100 pips This is the latest trade for GBP/USD
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