Hi
I am currently working on a scalping strategy in Live account which has proved successful so far. Been using on and off when I see signals if I am in front of my screen for the last week and not a single loss yet.
The strategy is fairly simple and works only with one indicator the 'RSI' (deafult settings).
Only seems to work effectively on GBPUSD 5 minute chart.
You buy if rsi closes below below 30 and sell if rsi closes above 70.
You rarely add more positons, but if you have to, add a position every 10-15 pips and close all trades after a few pips profit> 3-7 pips.
I use trailing stop of 3 pips, which can sometimes capture trades with 10 pips profit or more.
Its a low risk strategy which works, and you can see it works by doing a simple visiual backtest.
I would like to know if somebody would be kind enough to make an EA to capture all trades. I have tried to make an EA using a free EA maker but it doesnt seem to work as per the above parameters. It should only open one trade after the RSI has closed above or below 30 or 70, whereas my EA seems to make a trade everytime it remains above or below 30 or 70.
I am currently working on a scalping strategy in Live account which has proved successful so far. Been using on and off when I see signals if I am in front of my screen for the last week and not a single loss yet.
The strategy is fairly simple and works only with one indicator the 'RSI' (deafult settings).
Only seems to work effectively on GBPUSD 5 minute chart.
You buy if rsi closes below below 30 and sell if rsi closes above 70.
You rarely add more positons, but if you have to, add a position every 10-15 pips and close all trades after a few pips profit> 3-7 pips.
I use trailing stop of 3 pips, which can sometimes capture trades with 10 pips profit or more.
Its a low risk strategy which works, and you can see it works by doing a simple visiual backtest.
I would like to know if somebody would be kind enough to make an EA to capture all trades. I have tried to make an EA using a free EA maker but it doesnt seem to work as per the above parameters. It should only open one trade after the RSI has closed above or below 30 or 70, whereas my EA seems to make a trade everytime it remains above or below 30 or 70.
