CPP Scalping Strategy

Please share with us the same indicator camarilla for mt4!!!

Whats the name of the indicator on Trading View?

Looks interesting and simple. May I ask you a couple fo questions?

1. What TF do you trade? What works best?
2. Does this work only for the first signal only after midnight broker time?

Did you try to code EA for this? Lookes like s set of simple rules to follow.

looks interesting, im looking into it, thanks for sharing!

Why do we need OCO orders instead of simple market order when price corss R3/S3 with TP = R4/S4?

why would you use a market order when your entry SL and tp are all confirmed before the trade? Minimal psychological taxing.

These price levels are the same regardless of the time frame you’re looking at, if you want to use other htf analysis you can

If a trade takes profit don’t trade that direction - if it stops out then comes back to level you can renter

OUCH

came within 1 pip of tp over night should be 5-0 haha

What pairs do you trade?

Any pair, just adjust for spread

USDJPY long closed in profit last night as well - 5-0, but this GBPCHF short looks like it’s gonna lose. Sucks cause we were one pip away

Thanks so far, but how do you determine the cushion?

Not exact science, look at structure or just raw 2-5 pip

Its an interesting approach, and totally mechanical which could be automated and tested since there is no discretionary magic hand of human interference.

agreed! Would love if someone automated this.

GBPCHF in profit

this would be last trade of day let’s go into weekend strong

Can someone compile this did it through CHATgpt for MT4, my metatrader editors stopped working:
// Camarilla Pivot Points Expert Advisor
extern double Lots = 0.01;
extern int PipsCushion = 0; // Set to 0 for automatic calculation
extern int Risk = 1;
extern int MagicNumber = 999;
void OnTick()
{
// Check if it's a new trading day
if (TimeHour(TimeCurrent()) == 0 && TimeMinute(TimeCurrent()) == 0)
{
double H = High[1]; // Previous day's high
double L = Low[1]; // Previous day's low
double C = Close[1]; // Previous day's close

double R4 = (H - L) * 1.1 / 2 + C;
double R3 = (H - L) * 1.1 / 4 + C;
double R2 = (H - L) * 1.1 / 6 + C;
double R1 = (H - L) * 1.1 / 12 + C;
double S1 = C - (H - L) * 1.1 / 12;
double S2 = C - (H - L) * 1.1 / 6;
double S3 = C - (H - L) * 1.1 / 4;
double S4 = C - (H - L) * 1.1 / 2;

// Check if the current day's CPP lines are inside the previous day's CPP lines
if (S4 > Low && R4 < High)
{
// Buy Entry
double buyEntryPrice = R3 + PipsCushion * Point;
double stopLoss = Risk / 100.0 * AccountBalance() / (Lots * 100000.0);
double takeProfit = stopLoss * 2;

OrderSend(Symbol(), OP_BUYSTOP, Lots, buyEntryPrice, 0, stopLoss, takeProfit, "Buy Order", MagicNumber, 0, Blue);
}

if (R4 < High && S4 > Low)
{
// Sell Entry
double sellEntryPrice = S3 - PipsCushion * Point;
double stopLoss = Risk / 100.0 * AccountBalance() / (Lots * 100000.0);
double takeProfit = stopLoss * 2;

OrderSend(Symbol(), OP_SELLSTOP, Lots, sellEntryPrice, 0, stopLoss, takeProfit, "Sell Order", MagicNumber, 0, Red);
}
}
}

Interesting system FireScape, thank you.
When do you place stop orders? Immediately after opening a new day or later?