hi
latimeria
I found this strategy some where (I forgot where is it) and tested with my demo acc for couple days and looks profitable, maybe you can help to make it as an EA ...??
here is the scalping system:
indicators:
- LWMA 5 Close (Red Color)
- SDL : Period 40 , Method 3 , Price 0 (DOWN: Tomato Color, UP: Light Blue Color)
- TrendEnvelops_v2 (attached) (DOWN: Tomato Color, UP: Light Blue Color)
TF = 15M
(template is attached too...)
LONG:
- SDL below LWMA
- TrendEnvelops_v2 below the candle
- SDL and TrendEnvelopes have the same colors
SHORT:
- the opposite of LONG
ENTRY ONLY AT THE OPENING OF SECOND CANDLE AFTER THE SIGNAL.
Look at the chart I attached here,
- Red Dot Line is the signal for Short
- Red Solid Line is the entry for Short
- Green Dot Line is the signal for Long
- Green Solid Line is the entry for Long
PLEASE... take a look at the RED circle, is a false signal because the SDL doesn't show the same color.
And loot at the GREEN circle, it's still a good signal if you can make a trailing stop for protect the profit
I'm waiting for your reply soon ..... thanks