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Developing a new Scalp Strategy

  • #1
  • First Post: Oct 11, 2014 4:33pm Oct 11, 2014 4:33pm
Hello traders,

I had the opportunity to test many EA from the community. I found one that works very well, however, it is quite simple and I think with some customization, it is possible to have a powerful EA. I am sending it attached.

Basically it works with RSI , ADX and MA, combined... and looking for an entry and allowing you to adjust the SL and TP .

Last week I found an excellent Template, which was thought to somehow automate its principles in an EA or else add the principles of the EA sent along this strategy template .

The template uses RSI , MA , BBands and Stoch and basically as the indicators are aligned, a visual signal appears on the screen indicating Buy or Sell. The recommendation of the author is that operates based on the mainstream, although he particularly operates whenever receives visual confirmation, this is a decision of trader.

Well, I'd like to know if is it possible to create an EA with those characteristics.
I'd like to know from you guys, what do you think would be better, create a new EA based on the template strategy or improve this EA I sent you along with the strategy of the template ???

Regards,
Attached File(s)
File Type: mq4 tiger.mq4   7 KB | 723 downloads
File Type: zip xxl+M1+scalping+system.zip   360 KB | 968 downloads
  • #2
  • Edited 6:36pm Oct 11, 2014 6:25pm | Edited 6:36pm
Hi,

Just want to point out that the black-yellow indicator in your picture is the stochastic, not the RSI.
The levels 20/80 are set for the stochastic, not for the RSI. So you are looking for stochastic to be under 20/above 80, not for RSI. Please also note in the "Common" tab that the fixed minimum of 0 and maximimum of 100 are set for the stochastic, while the RSI has no fixed minimum-maximum set.
The RSI is the magenta histogram - btw how do you use it, and how do you use the BBands stop indicator?

Good luck,
Dragos
  • #3
  • Oct 12, 2014 12:09pm Oct 12, 2014 12:09pm
Quoting dragos_
Hi, Just want to point out that the black-yellow indicator in your picture is the stochastic, not the RSI. The levels 20/80 are set for the stochastic, not for the RSI. So you are looking for stochastic to be under 20/above 80, not for RSI. Please also note in the "Common" tab that the fixed minimum of 0 and maximimum of 100 are set for the stochastic, while the RSI has no fixed minimum-maximum set. The RSI is the magenta histogram - btw how do you use it, and how do you use the BBands stop indicator? Good luck, Dragos
Thanks for reply dragos_
You're right, the RSI is from the EA.
I'm following these rules (inside the TXT):

4. To start scalping, wait for the messagebox to tell you that a level 3 semafor has
been detected, that is the yellow one with a red circle around it.
5. Check the trend then. On right side in the middle the trend percentage must be at
least over 70% in one direction, the higher the better.
6. Check Semafor 3 again and make sure, it is in very close range to the thick double
lines blue and green. If it is in them or even past, get ready.
7. Check the RSI black and yellow line in the middle indicator on screen.
If it is over 80 and semafor has touched or pierced blue double (bending) outer line,
GO SHORT ! Do not think
If it is under 20 and semafor has touched or pierced green double (bending) outer lines,
GO LONG !
  • #4
  • Oct 12, 2014 12:14pm Oct 12, 2014 12:14pm
if u wanna scalp_______> use grids instead of indicators. indicators are based on probability but grid trading is pure mathematics.
God has not created the world based on random and probability, the universe is following a very precise order.
  • #5
  • Oct 12, 2014 12:17pm Oct 12, 2014 12:17pm
Quoting tablet8
if u wanna scalp_______> use grids instead of indicators. indicators are based on probability but grid trading is pure mathematics. God has not created the world based on random and probability, the universe is following a very precise order.
Ok tablet8... thanks for advice!!!
  • #6
  • Oct 13, 2014 4:37am Oct 13, 2014 4:37am
Hello paivarm, as i see you have started another thread .
what happened to your eurusd daily EA?!
you suddenly cut yourcomments on your previous thread!
  • #7
  • Last Post: Oct 14, 2014 5:56am Oct 14, 2014 5:56am
Quoting paivarm
{quote} Thanks for reply dragos_ You're right, the RSI is from the EA. I'm following these rules (inside the TXT): 4. To start scalping, wait for the messagebox to tell you that a level 3 semafor has been detected, that is the yellow one with a red circle around it. 5. Check the trend then. On right side in the middle the trend percentage must be at least over 70% in one direction, the higher the better. 6. Check Semafor 3 again and make sure, it is in very close range to the thick double lines blue and green. If it is in them or even past, get...
after i install no semafor makes it to the chart and I put it both times but my middle over 70 makes very good signals today and yesterday!
kasrafx can this be a best strategy with more than the Eurusd daily EA also
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