How to put a quick sl for a scalping system?

Hi traders. I like to trade scalping, but I encounter a problem: I trade 1 and 5 min tf, with a stop between 3 and 7 pips. Due to the fact that sometimes the price moves quite fast, I have difficulties in setting the correct stop as a percentage of the account. Please, what solutions or automations have you found for situations like this in mt4?

the solution is to discard that strategy.

I'm sorry, but I love scalping. In addition, this problem occurs in all small tf strategy, I think there are scalpers who have somehow solved the problem.

you can try this EA you can open 1 on single line or you can spread xy orders across range. all orders will be closed on SL or TP (SL and TP are virtual)

Can someone pls assist in coding this in Mt5 for 1min timeframe only. Rough sample in Mt4 is below:
//Step1: Bar2 RSI_2(13) was prev abv or equal to 34 but on Bar1 RSI_1(13) now below 34.
if(RSI_2>=34 && RSI_1<34 && W1 != "yes")
{W1="yes";W1_high=barhigh1;W1_low=barlow1;count=0;Repeat_Signal=0;}

//Step2: At d point whr RSI<34 we want to do 2 things:1. Begin to update d Lower low of W1 until price closes above d High of d Lowest - when this happens, it means W2 has been formed. 2. Begin to setup a counter:
if(W1=="yes" && W2!="yes" && barlow1<W1_low)
{W1_high=barhigh1;W1_low=barlow1;count=count+1;

if(count>=15) {W1="nil";W2="nil";} //Nullifier
//Step3: Whn price closes abv d high of W1's lowest bar then W2 is formed.
if(W1=="yes" && W2!="yes" && barclose1>W1_high{W2="yes";}
//Final step: If W2 is yes, then whenever a Hammer occurs whose Tail is d lowest among d last 3 candles, starting fro itself, then signal an ArrowUp on d chart on bar zero. Except if count is >=15.
Note: THE HAMMER IS A CANDLE WHOSE TAIL IS >= 50% OF ENTIRE LENGTH OF D CANDLE.
if(W2=="yes" && Hammer=="yes" && barlow1<=Lowest && Repeat_Signal<1)
{
Alert(Symbol()," ","Buy");
ArrowBuffer[0] = barlow1 - 0.5 * dPoint;
W1="nil";W2="nil";Repeat_Signal=1;

}
//List of variables:
string W1,W2;
double Repeat_Signal,barlow1,barhigh1,W1_high,W1_low,Lowest,count;
//END

Hi guys, thanks to those who tried to come up with a solution. But it seems that the fastest way to calculate sl as a percentage of the account is here:

https://www.forexfactory.com/thread/...ines-with-risk

Obviously, you must have some idea of the size of trade you want to put on each time?

If so, simply use AutoStop EA to place the Take Profit and Stop Loss at your predetermined levels.

All you have to do is click Buy or Sell

Good Luck

1. go to Codebase
2. Sort by clicking header
3. right-click to download and install
4. do NOT download AutoStop v2

Hope that helps