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SCALP MARTINCALE SPY
TIMEFRAME 1MIN CANDLE - SHORT SIDE ONLY
1-SET RISK : A IS A VARIABLE (HOW MUCH $)
2-SET ATR(3) : SET THE TIME AT WHICH THE ATR SHOULD BE TAKEN, IF SET 933AM THEN THE ATR OF THE 1MIN CANDLE AT 933AM CANDLE WILL BE USED
(ROUND AT 0.25 UP OR DOWN)
*USE NEW YORK TIME
3-SET MAX NUMBER OF ENTRY : B IS A VARIABLE
4-SET RSI(14) / C IS A VARIABLE, IF RSI(14) > C = ORDERS OPEN
5-IF RSI(14) > C IS TRIGGERED THEN B ORDERS OPEN AS BELOW
ORDER 1 = SHORT ORDER AT ASK / POSITION (LOT) = A/ATR*ENTRY PRICE (POSITION SIZE) - NEED TO CONVERT TO LOT
ORDER 2 = SHORT ORDER AT ASK+1*ATR / POSITION (LOT) = 2*A/ATR*ENTRY PRICE (POSITION SIZE) - NEED TO CONVERT TO LOT
ORDER 3 = SHORT ORDER AT ASK+2*ATR / POSITION (LOT) = 4*A/ATR*ENTRY PRICE (POSITION SIZE) - NEED TO CONVERT TO LOT
ORDER 4 = SHORT ORDER AT ASK+3*ATR / POSITION (LOT) = 8*A/ATR*ENTRY PRICE (POSITION SIZE) - NEED TO CONVERT TO LOT
ORDER 5 = SHORT ORDER AT ASK+4*ATR / POSITION (LOT) = 16*A/ATR*ENTRY PRICE (POSITION SIZE) - NEED TO CONVERT TO LOT
....DEPEND OF MAX NUMBER OF ENTRY (B)
6-SET SL : THE STOP LOSS FOR ALL ORDER IS SET AT : ENTRY PRICE HIGHEST SHORT ORDER OPEN + 1*ATR
7-SET TP : 1 TP ORDER SET AS BELOW
IF ORDER 1 IS FILLED AS BELOW
TP1 = ENTRY PRICE ORDER 1 - 1*ATR / 100% OF FULL SIZE OPEN
IF ORDER 2 IS FILLED MOVE TP AS BELOW
TP1 = ENTRY PRICE ORDER 2 - 1*ATR / 100% OF FULL SIZE OPEN
IF ORDER 3 IS FILLED MOVE TP AS BELOW
TP1 = ENTRY PRICE ORDER 3 - 1*ATR / 100% OF FULL SIZE OPEN
IF ORDER 4 IS FILLED MOVE TP AS BELOW
TP1 = ENTRY PRICE ORDER 4 - 1*ATR / 100% OF FULL SIZE OPEN
IF ORDER 5 IS FILLED MOVE TP AS BELOW
TP1 = ENTRY PRICE ORDER 5 - 1*ATR / 100% OF FULL SIZE OPEN
....DEPEND OF MAX NUMBER OF ENTRY (B)
8-SET TIME RANGE WHEN THE EA IS ACTIVE (OUTSIDE OF THIS RANGE NO NEW ORDER CAN BE OPEN) - EXISTING ORDER STILL KEEP OPEN UNTIL CLOSE
FROM XX:XX TO XX:XX (933AM TO 1015AM PER DEFAULT)
*USE NEW YORK TIME
ONCE THE TP OR STOP LOSS IS ACHIEVED ALL OPEN ORDER SHOULD CLOSE
+THE EA RESET AND ORDER WILL BE OPEN AGAIN FOLLOW POINT 5
TIMEFRAME 1MIN CANDLE - SHORT SIDE ONLY
1-SET RISK : A IS A VARIABLE (HOW MUCH $)
2-SET ATR(3) : SET THE TIME AT WHICH THE ATR SHOULD BE TAKEN, IF SET 933AM THEN THE ATR OF THE 1MIN CANDLE AT 933AM CANDLE WILL BE USED
(ROUND AT 0.25 UP OR DOWN)
*USE NEW YORK TIME
3-SET MAX NUMBER OF ENTRY : B IS A VARIABLE
4-SET RSI(14) / C IS A VARIABLE, IF RSI(14) > C = ORDERS OPEN
5-IF RSI(14) > C IS TRIGGERED THEN B ORDERS OPEN AS BELOW
ORDER 1 = SHORT ORDER AT ASK / POSITION (LOT) = A/ATR*ENTRY PRICE (POSITION SIZE) - NEED TO CONVERT TO LOT
ORDER 2 = SHORT ORDER AT ASK+1*ATR / POSITION (LOT) = 2*A/ATR*ENTRY PRICE (POSITION SIZE) - NEED TO CONVERT TO LOT
ORDER 3 = SHORT ORDER AT ASK+2*ATR / POSITION (LOT) = 4*A/ATR*ENTRY PRICE (POSITION SIZE) - NEED TO CONVERT TO LOT
ORDER 4 = SHORT ORDER AT ASK+3*ATR / POSITION (LOT) = 8*A/ATR*ENTRY PRICE (POSITION SIZE) - NEED TO CONVERT TO LOT
ORDER 5 = SHORT ORDER AT ASK+4*ATR / POSITION (LOT) = 16*A/ATR*ENTRY PRICE (POSITION SIZE) - NEED TO CONVERT TO LOT
....DEPEND OF MAX NUMBER OF ENTRY (B)
6-SET SL : THE STOP LOSS FOR ALL ORDER IS SET AT : ENTRY PRICE HIGHEST SHORT ORDER OPEN + 1*ATR
7-SET TP : 1 TP ORDER SET AS BELOW
IF ORDER 1 IS FILLED AS BELOW
TP1 = ENTRY PRICE ORDER 1 - 1*ATR / 100% OF FULL SIZE OPEN
IF ORDER 2 IS FILLED MOVE TP AS BELOW
TP1 = ENTRY PRICE ORDER 2 - 1*ATR / 100% OF FULL SIZE OPEN
IF ORDER 3 IS FILLED MOVE TP AS BELOW
TP1 = ENTRY PRICE ORDER 3 - 1*ATR / 100% OF FULL SIZE OPEN
IF ORDER 4 IS FILLED MOVE TP AS BELOW
TP1 = ENTRY PRICE ORDER 4 - 1*ATR / 100% OF FULL SIZE OPEN
IF ORDER 5 IS FILLED MOVE TP AS BELOW
TP1 = ENTRY PRICE ORDER 5 - 1*ATR / 100% OF FULL SIZE OPEN
....DEPEND OF MAX NUMBER OF ENTRY (B)
8-SET TIME RANGE WHEN THE EA IS ACTIVE (OUTSIDE OF THIS RANGE NO NEW ORDER CAN BE OPEN) - EXISTING ORDER STILL KEEP OPEN UNTIL CLOSE
FROM XX:XX TO XX:XX (933AM TO 1015AM PER DEFAULT)
*USE NEW YORK TIME
ONCE THE TP OR STOP LOSS IS ACHIEVED ALL OPEN ORDER SHOULD CLOSE
+THE EA RESET AND ORDER WILL BE OPEN AGAIN FOLLOW POINT 5
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