Hi,
I have posted a few systems in here that were complicated and had too many rules to really develop properly. I have come up with a very profitable manual scalping system, but the problem is, i am not quick enough to pull the trigger. I will post the rules, please let me know if anyone is interested in programming the EA.
Long:
1. Price must close above The profit line and it turn green
2. FX candle must be green (not blue or red)
3. This needs to be an optional parameter that can be turned on or off. Price must close above an EMA (60) within 3 bars to go long. (The reason this is optional, is because i will need to test to see if adding this filter makes it more profitable or less)
Short:
1. Price must close below the profit line and it turn red
2. FX candle must be red (not blue or green)
3. This needs to be an optional parameter that can be turned on or off. Price must close below an EMA (60) within 3 bars to go long. (The reason this is optional, is because i will need to test to see if adding this filter makes it more profitable or less)
Thats it for entries. The only other thing I would like it to be able to do, but is not neccessary if it cant be done, is for the EA to respect Trendlines drawn on the chart manually be the trader. Fore example: If i draw a down trendline and label it "Resistance" the EA will not place a trade into the trendline unless it is at least "x" amount of pips away, or it has broken through the trendline. (like I said, this is not neccessary but it would be nice to be able to draw horizontal lines and the EA understand and recognize that those are support and resistance lines)
Ok, now for the Exit. There needs to be 2 exit options
Option 1
1. Take off full position at TP "x" (this needs to be adjustable, but default can be a TP of 7 pips)
2. Stop Loss - "x" (7 pips will be default for it as well
Option 2
1. Take off "x" amount of position at 7 pips
2. Stop loss - "x" pips (7 pips for default) trailing 1 pip below the profit line once first target is hit (So the second postion is trailed out)
There needs to be a Break even parameter as well.
And thats it. I have attached the indicators, please let me know if you need anything else from me and/or if you are interested in programming the EA
P.S. This EA is designed to run on an offline chart with 3 pip range bars. I currently use a range bar indicator that allows EA's to run directly on the offline chart. Also, EA needs to be able to trade on an ECN broker.
Thanks,
Ben
I have posted a few systems in here that were complicated and had too many rules to really develop properly. I have come up with a very profitable manual scalping system, but the problem is, i am not quick enough to pull the trigger. I will post the rules, please let me know if anyone is interested in programming the EA.
Long:
1. Price must close above The profit line and it turn green
2. FX candle must be green (not blue or red)
3. This needs to be an optional parameter that can be turned on or off. Price must close above an EMA (60) within 3 bars to go long. (The reason this is optional, is because i will need to test to see if adding this filter makes it more profitable or less)
Short:
1. Price must close below the profit line and it turn red
2. FX candle must be red (not blue or green)
3. This needs to be an optional parameter that can be turned on or off. Price must close below an EMA (60) within 3 bars to go long. (The reason this is optional, is because i will need to test to see if adding this filter makes it more profitable or less)
Thats it for entries. The only other thing I would like it to be able to do, but is not neccessary if it cant be done, is for the EA to respect Trendlines drawn on the chart manually be the trader. Fore example: If i draw a down trendline and label it "Resistance" the EA will not place a trade into the trendline unless it is at least "x" amount of pips away, or it has broken through the trendline. (like I said, this is not neccessary but it would be nice to be able to draw horizontal lines and the EA understand and recognize that those are support and resistance lines)
Ok, now for the Exit. There needs to be 2 exit options
Option 1
1. Take off full position at TP "x" (this needs to be adjustable, but default can be a TP of 7 pips)
2. Stop Loss - "x" (7 pips will be default for it as well
Option 2
1. Take off "x" amount of position at 7 pips
2. Stop loss - "x" pips (7 pips for default) trailing 1 pip below the profit line once first target is hit (So the second postion is trailed out)
There needs to be a Break even parameter as well.
And thats it. I have attached the indicators, please let me know if you need anything else from me and/or if you are interested in programming the EA
P.S. This EA is designed to run on an offline chart with 3 pip range bars. I currently use a range bar indicator that allows EA's to run directly on the offline chart. Also, EA needs to be able to trade on an ECN broker.
Thanks,
Ben
