Hello traders,
I'm looking for someone that can help me coding a very simple EA that will support my manual scalping activity.
In exchange I can disclose some good scalping tactics.
The EA should work on 1m time frame. It will use only one indicator the RSI (14) on close.
The very simple rule is to go long 0.1 lot EVERY TIME the RSI(14) is over 70 and go short 0.1 lot EVERY TIME the RSI(14) is less 30. It will go long (short) at the close of the bar adding long (short) positions. It will not have stop losses, take profits or trailing stops. It will simply add a long 0.1 position whenever the RSI is over 70 and will add a short 0.1 position whenever the RSI is less 30.
Look at this example:
Time Close RSI(14) Trade Net Position
15:30 1.3837 68.9 ----- 0
15:31 1.3843 71.1 buy 0.1 +0.1
15:32 1.3845 72.9 buy 0.1 +0.2
15:33 1.3843 70.3 buy 0.1 +0.3
15:34 1.3835 60.5 ----- +0.3
15:35 1.3830 48.2 ----- +0.3
15:36 1.3819 29.8 sell 0.1 +0.2
15:37 1.3820 29.1 sell 0.1 +0.1
......
15:42 1.3841 73.7 buy 0.1 +0.2
and so on.
I need this EA to help adding position when I'm scalping. I will close the net position by hand, disabling the EA.
So it has a very simple rule: buy 0.1 when RSI>70 sell 0.1 when RSI<30 (on 1 minute tf). There are not other rules or money management tecniques. If you are proficient with mt4 language it takes 2 minutes to do it. In exchange I'll give you some hints on how to scalp with ECN brokers.
Thanks for your help.
Panurgo
I'm looking for someone that can help me coding a very simple EA that will support my manual scalping activity.
In exchange I can disclose some good scalping tactics.
The EA should work on 1m time frame. It will use only one indicator the RSI (14) on close.
The very simple rule is to go long 0.1 lot EVERY TIME the RSI(14) is over 70 and go short 0.1 lot EVERY TIME the RSI(14) is less 30. It will go long (short) at the close of the bar adding long (short) positions. It will not have stop losses, take profits or trailing stops. It will simply add a long 0.1 position whenever the RSI is over 70 and will add a short 0.1 position whenever the RSI is less 30.
Look at this example:
Time Close RSI(14) Trade Net Position
15:30 1.3837 68.9 ----- 0
15:31 1.3843 71.1 buy 0.1 +0.1
15:32 1.3845 72.9 buy 0.1 +0.2
15:33 1.3843 70.3 buy 0.1 +0.3
15:34 1.3835 60.5 ----- +0.3
15:35 1.3830 48.2 ----- +0.3
15:36 1.3819 29.8 sell 0.1 +0.2
15:37 1.3820 29.1 sell 0.1 +0.1
......
15:42 1.3841 73.7 buy 0.1 +0.2
and so on.
I need this EA to help adding position when I'm scalping. I will close the net position by hand, disabling the EA.
So it has a very simple rule: buy 0.1 when RSI>70 sell 0.1 when RSI<30 (on 1 minute tf). There are not other rules or money management tecniques. If you are proficient with mt4 language it takes 2 minutes to do it. In exchange I'll give you some hints on how to scalp with ECN brokers.
Thanks for your help.
Panurgo
