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Need4Speed is an intrad-day Scalping System.
It measures Speed of the Price in Points over a user specified time interval in Seconds.
Sounds can be activated to alert when Maximum Speed is exceeded.
The system counts and plots the number of Bullish and/or Bearish impulses that exceeded max speed in each bar.
Check Post 435 for a summary of terms used in this thread.
Entry Options:
- Least Risky :
- Long when having more Bullish Impulses in a Bearish Bar (Hidden Buying)
- Short when having more Bearish Impulses in a Bullish Bar (Hidden Selling)
- Aggressive :
- Long on first Bullish Impulse
- Short on first Bearish Impulse
- Pending Orders
- Buy Stop at High break of the bar with high number of Bullish and Bearish Impulses.
- Sell Stop at Low break of the bar with high number of Bullish and Bearish Impulses.
- Supported Entry:
- Long when having more Bullish Impulses in a Bullish Bar (Exposed Buying)
- Short when having more Bearish Impulses in a Bearish Bar (Exposed Selling)
Exit Options:
- Fixed SL/TP using Fixed R:R ratio
- SL at last low/high and TP by a trailing stop
- Trailing Stop
- Opposite Signal
Lot Size:
- Fixed
- Variable and calculated based on a risk percentage and SL
Pairs/Time Frames:
- I prefer low spread liquid pairs (EURUSD,USDJPY,GBPUSD...)
- Lower Time Frames (M1,M5,M15)
- Higher Time Frames as Entry Filters
Sessions :
- London (7:00 to 16:00 GMT)
First version of this EA is attached for you to test. No trades are taken by the EA in this version.
Attached File(s)
Versions Control:
1. Basic Version (Signal Only) attached to this post
2. Enhanced Basic Version N4S_02
3. Version 3 with Fast Trading Buttons N4S_03
4. Basic Auto Version N4S_03_Auto
5. Basic Auto Version Contrarian N4S_03_Auto_Contra
6. Version 3 Display Fix N4S_Auto_03_1
7. Version 4 with more options N4S_04
8. Source Code (MQL) N4S_04.mq4
9. Indicator for Manual Trading n4s_indy_01
10. Version 5 : N4S_05
11. Turbo Version 1 for news trading: N4S_Turbo_01
12. Need4Speed Histogram Indicator : N4S_Histogram
13. Version 5 MQL Source : N4S_05.mq4
Buckle Up, Engine Start, Go ....,

Khalil Abokwaik
No guts, no glory