Hi All,
There is an interesting very simple scalping method described by FrankenPip at :
http://www.forexfactory.com/showpost...34&postcount=1
Essentially the chart is divided in 10 pip "stations".
For example as in FrankenPip's first chart: Assume price goes from 137.51 to 137.65 (blue train), this means that it arrives at station 137.60-137.70. If it reverses from this station and crosses below 137.60 then we enter short for at least 5 pips profit. See more examples at:
http://www.forexfactory.com/showpost...&postcount=353
Programming it is really simple but the gentlemen in FrankenPip's thread didn't want to spoil the thread with EA talk so I turned to you guys. With all the talent I've seen in the programming forums I am sure this is no more than 1 hr programming for you (unfortunately I lack programming skills).
If somebody will help please consider the following features:
1) Able to adjust size of TP, SL, and a trailing TP
2) Able to choose only long trading(blue trains), only short (red trains) or both trains...
3) If easy to program, pick the hours of trading (e.g. 6-17 GMT)
Thank in advance dudes.
Kostas1.
P.S. Mr Cgrey at http://www.forexfactory.com/showpost...&postcount=986 has already used his skills to write a script to enter trades and and EA to manage trades but not a complete solution.
----------------------------- ADDED on 30/8/2009 ------------------------------
Hayseed has created version 1 of this EA. See post #66
----------------------------- ADDED on 31/8/2009 ------------------------------
Version 2 is here:
----------------------------- ADDED on 1/9/2009 ------------------------------
The original FrankenPip's thread has been put in the recycle bin. Nevertheless, the method still looks to have merit, especially if we provide 1-2 filters which is what the gents in this thread are trying to do with the EA.
There is an interesting very simple scalping method described by FrankenPip at :
http://www.forexfactory.com/showpost...34&postcount=1
Essentially the chart is divided in 10 pip "stations".
For example as in FrankenPip's first chart: Assume price goes from 137.51 to 137.65 (blue train), this means that it arrives at station 137.60-137.70. If it reverses from this station and crosses below 137.60 then we enter short for at least 5 pips profit. See more examples at:
http://www.forexfactory.com/showpost...&postcount=353
Programming it is really simple but the gentlemen in FrankenPip's thread didn't want to spoil the thread with EA talk so I turned to you guys. With all the talent I've seen in the programming forums I am sure this is no more than 1 hr programming for you (unfortunately I lack programming skills).
If somebody will help please consider the following features:
1) Able to adjust size of TP, SL, and a trailing TP
2) Able to choose only long trading(blue trains), only short (red trains) or both trains...
3) If easy to program, pick the hours of trading (e.g. 6-17 GMT)
Thank in advance dudes.
Kostas1.
P.S. Mr Cgrey at http://www.forexfactory.com/showpost...&postcount=986 has already used his skills to write a script to enter trades and and EA to manage trades but not a complete solution.
----------------------------- ADDED on 30/8/2009 ------------------------------
Hayseed has created version 1 of this EA. See post #66
----------------------------- ADDED on 31/8/2009 ------------------------------
Version 2 is here:
Attached File(s)
Kostas_v2.mq4
15 KB
|
499 downloads
|
Uploaded Aug 31, 2009 1:44pm
----------------------------- ADDED on 1/9/2009 ------------------------------
The original FrankenPip's thread has been put in the recycle bin. Nevertheless, the method still looks to have merit, especially if we provide 1-2 filters which is what the gents in this thread are trying to do with the EA.