I interpreted the exit as when the PSAR and slope direction don't agree.
Bazza's Scalping method 48 replies
Indicators and Rules for Simple Method of Scalping GBP/Jpy on 5 min chart 18 replies
4hr - 1hr Scalping Method 9 replies
bo7a method... method for GBP/JPY 205 replies
Scalping Method for EURO and YEN 4 replies
Dislikedis there a definitive consensus over which timeframes should agree to trigger a trade?
I have seen a few different mentioned like:
5m and 15
5m and 30
1m and 5mIgnored
DislikedHere is another update at the request of several people.
The EA now only takes the bars at the beginning of a signal. Not during a signal, so you don't have to worry about the EA entering a trade as soon as you attach it.Ignored
DislikedI have been experimenting with this scalping method for a SHORT time. I want to stress this. The system works as follows:
Eur/Usd 5 min chart
Place PSAR (.02,.2) and the Slope Indicator (12,3,0)
Go long/short when both indicators are in agreement.
Exit when the Slope indicator is opposite to the PSAR.
Reenter when the Slope Indicator is in agreement with the PSARIgnored
DislikedHello
I took the short on EU about 10 minutes ago. Anyone else in here?
PIgnored
DislikedThe problem is that this system works best in markets which aren't choppy. This system works best in moderate swing-type trending where a move lasts 20-30 bars before reversing 20-30 bars in the other direction. With that in mind, what do I do? I turn on the EA when I see a market moving in that way. Using an EA for this system allows me to focus more on the market than the system.
I trade with 37 distinct systems in 6 different categories. Do you really think I would be able to do any amount of that manually? No. I definitely cannot. 34 of those...Ignored
DislikedJust a thank you for your hard work Ronald. I see you are a major contributor here on this board. Is it OK if I share this EA if it works with some friends on another board?
Going to test your EA now with live microlots.Ignored