Could anybody please help with coding a simple scalping strategy. I am happy for it to be posted on here for all to use.
Any help would be much appreciated
Thanks in advance
Dave
Indicators to use
Bollinger Bands / Force Index
Condition for Open Positions: Bollinger Band is set at 3 standard deviations and a shift of -2. Force Index has lines drawn at 0.0025 and -0.0025 When Candle hits outer BB (upper) and Force Index is above the line at 0.0025 a SELL trade is triggered. When candle hits outer BB (lower) AND Force Index is below line at -0.0025 a BUY trade is triggered.
Stop loss is variable, but default of 20 pips. Take profit when candle hits mid Bollinger Band. No trailing stop.
Force Index lines should be able to be varied (not just 0.0025/-0.0025). Take profit point should be variable between mid Bollinger band and opposite outer . Trailing stop should be an option if required.
Any help would be much appreciated
Thanks in advance
Dave
Indicators to use
Bollinger Bands / Force Index
Condition for Open Positions: Bollinger Band is set at 3 standard deviations and a shift of -2. Force Index has lines drawn at 0.0025 and -0.0025 When Candle hits outer BB (upper) and Force Index is above the line at 0.0025 a SELL trade is triggered. When candle hits outer BB (lower) AND Force Index is below line at -0.0025 a BUY trade is triggered.
Stop loss is variable, but default of 20 pips. Take profit when candle hits mid Bollinger Band. No trailing stop.
Force Index lines should be able to be varied (not just 0.0025/-0.0025). Take profit point should be variable between mid Bollinger band and opposite outer . Trailing stop should be an option if required.
