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Thread: Scalp Level

  1. #1
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    Talking Scalp Level

    funyoo,

    I have another idea to share with others. Simple. Suggested to trade pairs with 2,3 or 4 spreads. Use 5 min or 15 min chart.

    1. Only need RSI 4. (level 25, 50 and 75. We work from level 50 upward and downward)

    2. Buy : open buy position once first candle emerges above level 50, follow by second candle above level 50, follow by third candle till total profit in pips goes more than 10 pips. (if first and second candle already in profit more then 10 pips, we don't have to open third candle. Or the first candle spikes to 10 pips profit, then that's all.)

    3. Sell : vice-versa

    4. Take profit : as above, 10 pips or more, all positions close at the same time. For higher time frame, I will adjust to any reasonable pips profit.

    5. Stop loss : if buy, stop that buy candle once a new candle emerges on the other side. (if 2 buy candles already open and the next candle open on the other side then auto close that 2 candles together. Open first sell candle..and so on)

    I suppose this idea is good with strong trend and ranging market.

    Note : for buy : price must come below 50 level/or the last candle closed must be from below.
    for sell : vice-versa

    Hope others will benefit from this strategy.

    Thanks.

  2. #2
    Administrator funyoo's Avatar
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    Default

    Here it is.
    Attached Files Attached Files

  3. #3
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    Default Must monitor and Scalp

    funyoo,

    Thank you again for the EA. I must monitor and scalp, cannot leave on vps. The most important is to open position, my hands cannot be faster than the system.

    Another thing is, if I send attached statements, would it be possible for you to look and decipher what type of indicator they use to make that EA. It looks like all are GREEN. No loss. Or send you private message.

    Thank you.

  4. #4
    Administrator funyoo's Avatar
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    Default

    Quote Originally Posted by duit View Post
    Another thing is, if I send attached statements, would it be possible for you to look and decipher what type of indicator they use to make that EA. It looks like all are GREEN. No loss. Or send you private message.
    No, I can't do that. There is an infinity of possibilities.

  5. #5
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    Talking Ok

    Quote Originally Posted by funyoo View Post
    No, I can't do that. There is an infinity of possibilities.
    It's ok.

  6. #6
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    Thumbs up Martingale

    funyoo,

    Do you have any ready made Martingale EA ?. 0.1 0.2 0.4 0.8 1.6 3.2...up till level 10. TP 25, SL 25, or anything like WSS Pyramid System. If yes, can I have it here.

    One more thing, I believe Martingale System collects money very well. But you must be well capitalized ?

    Thanks

  7. #7
    Administrator funyoo's Avatar
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    Quote Originally Posted by duit View Post
    funyoo,

    Do you have any ready made Martingale EA ?. 0.1 0.2 0.4 0.8 1.6 3.2...up till level 10. TP 25, SL 25, or anything like WSS Pyramid System. If yes, can I have it here.

    One more thing, I believe Martingale System collects money very well. But you must be well capitalized ?

    Thanks
    Here it is.

    Quote Originally Posted by duit View Post
    But you must be well capitalized ?
    Theorically, it would be better.
    Attached Files Attached Files

  8. #8
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    Smile some questions

    1. on martingale : change to true, correct ?

    2. fill in with stop loss and tp pips , right ? .

  9. #9
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    Smile questions

    1. it works the same as per first version. or i am missing something here.

    2. it closes position once a new candle open on the other side of 50 level.

    3. or you TOTALLY get rid of 50 level. and it works at any time once all previous positions closed, at the same level. tell me. I might be wrong.

    thank you.

  10. #10
    Administrator funyoo's Avatar
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    Quote Originally Posted by duit View Post
    1. it works the same as per first version. or i am missing something here.

    2. it closes position once a new candle open on the other side of 50 level.

    3. or you TOTALLY get rid of 50 level. and it works at any time once all previous positions closed, at the same level. tell me. I might be wrong.

    thank you.
    I have only added a basic martingale option.

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candle, candles, change, funyoo, indicator, level, martingale, pairs, pips, profit, rsi, scalp, simple, stop, strategy, system, time, trend

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