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Scalping_Strategy
Source: https://fxcodebase.com/code/viewtopic.php?f=31&t=69184
Forum: 31 · Topic 69184 · 1 post(s)
Scalping_Strategy
Apprentice · Tue Dec 03, 2019 7:12 am
Based on video. https://www.youtube.com/watch?v=zhEukjCzXwM
Long H1 EMA(8) >EMA(21) Close > EMA(8) m5 EMA(13)>EMA(21) EMA(8) >EMA(13) Close> EMA(8)
If all conditions are met, we have an uptrend, long positions are allowed.
Trigger bar looking backward, find the last candle that meets all these conditions EMA(13)>EMA(21) EMA(8) >EMA(13) Close> EMA(8) Low< EMA(8) We will look for a Trigger bar only within the current uptrend.
Starting from trigger candle, find the max of last 5 candles Add 3 pips to that value Enter long on price/max value crossover
The stop will be 3 pips below the trigger candle low
Profit targets Risk= Abs(Entry-Stop)
- TP 1x Risk Exit 50 % Move Stop to breakeven
- TP 2x Risk Exit 50 %
(option to trail the stop for second 1/2 of position) if on, the trade will NOT ve closed on TP2 level.
Vice versa for short