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2011.11.07 10:45
Simple Scalping EA

Simple Scalping EA - expert for MetaTrader 4

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32237
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votes: 3
Scalping_EA.mq4 (19.78 KB)view

Description:

Very simple scalping EA, no Indicators. Logic is based on very fast price movements.

Here is my scalping EA idea works most of the time, but needs to be better programmed.

If some1 can help to modify it so it can be used on many pairs at the same time.

Idea is very simple, no indicators at all.
it keeps updating BuyStop and SellStop orders with each price movements.
And when the market becomes heavy or news it won't get a chance to get updated quick... which means very fast price movement in one of the directions. This practically guarantees 10-15 pips movement.

If some1 can help me to code it properly it would be very cool.. For the last 3 month i have a ratio of this working 4-6 wins vs 1 loss. ( and i noticed the loss mostly because i programmed wrong). Stop Loss should be adjusted to 5-7 pips ( if broker allowed)Works fine on Alpari US.

PS. For some reason and i cant identify the problem- after executing the order it may not send another order till i disable and re=enable EA ( gotta be a bug somewhere). Would appreciated any help.)
oops. One more thing, i used the coding template from IBFX scripts and modified for my use.

Thanks for the Help... And ignore the grammar.