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Looking for an original scalping strategy to write EA

  • #21
  • May 17, 2022 2:52am May 17, 2022 2:52am
Quoting Woody1984
Hello Tiroler To me there is no trade here. Even though the QQE is in a buy possition, the Bressert is in a sell position so here i would not take a trade.
Then please take a close look at the chart! I see the Bressert still blue, but look closely once, it is your system and thus you should find my error.
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  • #22
  • May 17, 2022 9:15am May 17, 2022 9:15am
Hello Tiroler

The bressert is blue, this would show that a buy trade is in order, but because it is above the 80 level this would not be a trade that i would take.
The Bressert would have to be going above the 20 level in order for me to take that trade. as i said in my earlier post:
A buy position is only taken if QQE grey line above green, Price above Yellow 50 MA line and the Bressert is crossing above 20.
but this is just how i use these indicators, other people may see different ways to use them.

Thanks
Woody
  • #23
  • May 17, 2022 12:32pm May 17, 2022 12:32pm
Quoting Woody1984
Hello Tiroler The bressert is blue, this would show that a buy trade is in order, but because it is above the 80 level this would not be a trade that i would take. The Bressert would have to be going above the 20 level in order for me to take that trade. as i said in my earlier post: A buy position is only taken if QQE grey line above green, Price above Yellow 50 MA line and the Bressert is crossing above 20. but this is just how i use these indicators, other people may see different ways to use them. Thanks Woody
Ok sorry Woody, you are right. I had unfortunately overlooked the Bressert.
  • #24
  • May 17, 2022 1:42pm May 17, 2022 1:42pm
Hello Tiroler

That is ok, we are human after all, even i make mistake on my own rules. at the moment i am currently down alot because i misread my own rules, went to sleep and only realized when i woke up, hopefully gold will start to go up soon and all will be ok, but this could very easily blow my account right now, all because i am human, just the same as you, lol.

Woody
  • #25
  • May 17, 2022 3:39pm May 17, 2022 3:39pm
Quoting Greg0r
Very often indicators are redrawn, but if you rely on the real experience of using your indicators, in this case we can try. I mean set strict rules for entry, exit, opening hours, etc. Then we can try to make EA.
Hello Greg0r

How are you getting on with the EA, have not heard anything from you in a few days?

Woody
  • #26
  • Last Post: May 18, 2022 5:10am May 18, 2022 5:10am
Hi Greg0r and forum friends
I've sent Greg0r a PM but I guess he might be busy, so i'm posting here, if by chance anyone would like to take this on themselves and code this cool strat:


Buy orders:

On the 1H and 30Min and 15Min and 5Min and 1Min Timeframes, these conditions should be met:

The 35 Weighted Moving Average is above the 35 Exponential Moving Average and
price is above the 35 Weighted Moving Average and
price is above VWAP

Then - on the 1Min timeframe look for:

The 1st or 2nd positive MACD Histogram Bar (that went from negative to positive) and
it is the 2nd or more consecutive green candlestick (so close>open)

Then - place a buy order 1 tick above the high of that candle + place a stop loss: 1 tick below signal candle

Take Profit 1: 100% of the signal candle (1:1)
Take Profit 2: 200% of the signal candle (1:2)
Take Profit 3: 300% of the signal candle - optional, mainly if leaving a runner (1:3)


Cancel pending orders:
If MACD histogram became negative before triggering buy order
or
Price went below the signal candle's low (without triggering the buy order that was above that candle..) - maybe an input that sets how many candle's after no trigger, pending orders should be cancelled.

Additional inputs:
Time filter (start + stop time of the EA)

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Sell orders (opposite..):

On the 1H and 30Min and 15Min and 5Min and 1Min Timeframes these conditions should be met:
The 35 Weighted Moving Average is below the 35 Exponential Moving Average and
price is below the 35 Weighted Moving Average
and price is below VWAP

Then - on the 1Min timeframe look for:

The 1st negative MACD Histogram Bar (that went from positive to negative) and
it is the 2nd or more consecutive red candlestick (so close<open)

Then - place a sell order 1 tick below the low of that candle + place a stop loss: 1 tick above signal candle

Take Profit 1: 100% of the signal candle (1:1)
Take Profit 2: 200% of the signal candle (1:2)
Take Profit 3: 300% of the signal candle - optional, mainly if leaving a runner (1:3)
Take Profit 2: 200% of the signal candle
* Other possible take profit levels and stoploss - fib levels

Cancel pending orders:
If MACD histogram became positive before triggering sell order
or
Price went above the signal candle's high (without triggering the sell order that was below that candle..) - maybe an input that sets how many candles after no trigger, pending orders should be cancelled.
------------------------------------------------------------------------------------
Thanks
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