Thread: EU, GU M1 divergence scalping strategy

Hello Funyoo and Everyone!

I would have an idea for an EA. I have been testing this strategy manually for a while and i think the EA would be very useful for it.

The strategy is very simple, it uses only 2 indicators, MTF Moving Average and a Macd divergence indicator and the timeframe would be M1.

The idea behind this strategy is that when the price reaches the H4 2 EMA high and low it quite often comes back a little bit. This strategy uses these pull backs for take the trades so it takes only some of those divergence signals what appears above or below the H4 2 EMA high or low. I think it can be still profitable if the signals appears 2 bars after the swing high, low.

The TP wouldn't be to big, about 10-15 pips and the SL 25-30.

The settings for the indicators: MTF MA: 240, 0, 1, 2 and 240, 0, 1, 3. Macd divergence: default 12,26,9.

Everyone is very welcome who can help me to write this EA or improve the system.
Thanks in advance for your help.
Intersza