EA for scalping

Has anyone seen an EA for scalping? I'm looking for something that gets into 5 or more trades per day.

Or if anyone has a technique, I'll code it up and post it.

I think you should check a system by The Wicker, 5 Minutes Trend Following System.
I'm currently testing it, and I think it works great, you could have 2-3 chances per day. Only, yes ONLY, enter if 4 indicators support your action, and always open 2 position, 1 you specify TP to the nearest Fibo, the other let it run and Trail the SL. http://www.forexfactory.com/images/icons/icon10.gif
I'm still figuring the best exit strategy, and I'm thinking that an EA will be great!

Here's one - http://www.forexfactory.com/showpost...5&postcount=14

This is only a statement. Can you direct us to the link for this system?

Thanks

Hi Ghoul,

Would you mind share what is the EA you are testing?


David

Anyone familiar with this BankingFx EA ???

i have an systems made i need someone to make it.

I do have 2 type of EA for scalping, got it from other forum long time ago. First type come without Stop Loss function. The other version do come with Stop Loss function.

All parameters can be changeable/customize. U can scalp as low as 2 pips.

Order still need to be placed manually.

*** Scalper EA ***
scalper.ex4 --- without Stop Loss function

*******


Happy Pip Hunting

~Profi~

Put it here, and I'm sure there will be a dozen downloads within an hour.

That's for sure, then someone's bound to respond after losing some $$$ using it ...

2-3 trades a day isnt scalping

I think what matters more is how long the trades last.

If those 2-3 trades account for certain market inefficiencies which last a few minutes, then that would be scalping in my book.

If you want a scalping ea. Here is one. One that is old but if anyone wants to try it out be my guest. It was originally designed for the eur/usd and usd/jpy 1 hour charts.

Jeff

I guess that some people would agree with Ronald Rayguns definition of Scalping, but to me, I always views scalping as a high intensity/stress/excitement , where you sit at the computers for 5,6,7 or w.e hours and make 8,10,15+ trades.

but i guess the definition of scalping is fluid and varies from person to person

Hello i am trying to make my system into an MA but i am having trouble just loading an EA to the stradegy tester. Is there simple instructions on how to load an EA and see the results, and can you make me an EA from my retracemnet system if i explain it to you?

Help Please as this is a very profitable system if it was automatic

Thanks
Bigluke

I'm willing to try to build your EA, I've built a couple in the past but never anything I've live tested... send me a PM and I'll let you know if I think I can build it or not.

EA_BankingFX-Diammond_EUR-GBP_V3.2.4 demo

If pos I would like the following coded please.
Method. (this works very well but it is too time consuming to operate full time. seeking the entries across many pairs eats into ones privacy.)
For trading WITH the trend only.
1. Establish trend on 1H chart. For the purpose of this trading methos a trend is establishe when a line touches 3 tops and three bottoms on the 1H chart. A trend for the short trades is a down trend and for a long trade an up trend.
2. Having the trend established take your market entries from the 15M charts, trading only in the direction of the trend established on the 1H chart
3. Short trade entry is at the Opening of the down moving Candlestick
4. Stop loss 5 pips above the Resistance line which is the upper line of the trend channel at the vertical point of entry.
5. Take profit anywhere from 5 pips plus spread. (suggest optional setting for trader.) Profit target is relative to the pips depth of the channel line.
6. Long trade entry enter at the opening price of the upmoving candle stick.
7. Stop loss below the support line at the lower vertical line of the down trending channel.
8 Take profit anywhere from 5 pips (suggest this to be left to the trader.
9. no trades if the highs and lows of the candlestick are outside the line even if the opening prices are inside the channel

I traded the above method manually, as you can imagin the time spent at the computer watching charts left no time for anything... (bye bye girlfriend and all the privileges that came with her.( As they say in the classics, a man must do what he has to do!)
This method works well on any pair. but it leaves no time for yourself.
Note:- If the high, of the candle stick went outside the channel lines, either on the long or short trade I kept out.
I would like to have this coded and tested if poss by anyone willing to do so.
Because it can be used on any pair, the daily trades could be quite numerous.
Knowlege is Success - Success is Power - Power is Money

Hello Jwentro,

I have a scalping system I would like you to code. I tried to PM you in vain. Do you hav an e-mail ?

Thanks.