Help on scalping EA

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

So, how exactly do you plan to make this work? For every minute the RSI is over 70, place a buy order? And for every minute the RSI is under 30, place a sell order?

This idea is very much like anchrofx's demo. Please do not try this live, the broker and the spread will be very dangerous.

Yeah exactly.

Don't worry, I know what I'm doing.

Ok...

Thanks. I'll try the EA on a demo tomorrow to see if it works properly. If you have any question on scalping with ecn brokers send me me a pm.

I would appreciate if you can let me know how do you scalp with ecn brokers.

Thanks in advance.

Zu

Entry RSI: If passing 70 let them go after if returning and
passing 70 ...sell.

you can do it on a ECN broker. atc or mbt and a decent auto-close routine. Anyone have a forward test of something like this? - I usually dont go for small pips but this looks decent when scanning the history. But I'm sure the repainting RSI will hurt the realtime results bigtime.

very interesting though.

I am using MBT and have had great results with scalping... my problem is that I haven't yet learned how to code the changes into EAs so that it runs properly on the ECN yet.... it is having to do something with the open so that it executes the buy/sell first then modifies the tp/sl/ts after that....

at first I was trying to find a programer to do it for me... now just trying to find one that can spend a few minutes to teach me.... some of the EAs on here have more complex code and it is hard to follow the logic (I don't know C++ nor do I have much Forex experience) so that is why I need a mentor

I can just post the code snippet you need here for order entry and then modifying it for sl/tp. I have been using it for a long time with MB Trading ECN/MQ4 (just not as long as your post asking for it here)