Scalping - page 7

[Sergey Golubev]

Scalping

The forum

• Heiken_Ashi_Ma_T3 indicator for Mr.Nims, Renko Ashi Scalping System - the forum thread 
• Something to Read - Forex Price Action Scalping: an in-depth look into the field of professional scalping - blog post 
• Zigzag Scalping system thread 
• Simple Ichimoku Scalping - forum thread 
• Pivot Scalper using Pivot Points - Daily (Shifted) - the thread 
• Scalping - forum thread with indicators and EAs
  
• Scalping system - forum discussion thread
  

The articles

• Comfortable Scalping- the article
  
• Scalping Orderflow for MQL5 - the article
  
• Combination scalping: analyzing trades from the past to increase the performance of future trades - the article
  
• Implementing a Scalping Market Depth Using the CGraphic Library - the article

CodeBase

• LotScalp - expert for MetaTrader 4
• Multi-currency night scalper - Night Scalper Multi - expert for MetaTrader 5
• 5 Minutes Scalping System - indicator for MetaTrader 4
• 5MinutesScalpingEA - expert for MetaTrader 4
  
• Safe Trend Scalp - expert for MetaTrader 4
  
• Scalping With Virtual Pending Orders - expert for MetaTrader 4
  
• Gonna Scalp - expert for MetaTrader 4
  
• Angry Bird (Scalping) - expert for MetaTrader 4 - the settings and trades - look at  this post. 
• Waddah Attar Scalping for MetaTrader 4
• Scalp All - script for MetaTrader 5

[Sergey Golubev]

Implementing a Scalping Market Depth Using the CGraphic Library

----------------

Table of Contents

• Introduction 
• Changes made since the release of previous version 
• Overview of the CPanel graphics library 
• Synchronizing the tick stream with the order book 
• CGraphic Basics 
• Integration of CGraphic with the CPanel library 
• Installation. Performance in dynamics. Comparative characteristics of Market Depth features 
• Conclusion

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Scalping system

Sergey Golubev, 2021.05.26 18:55

Combination scalping: analyzing trades from the past to increase the performance of future trades

I was not going to become a scalping trader, but I had to. Furthermore, I did not want to be a trader or a developer of automated trading systems. Luckily, I did become a trader and a developer. My research work resulted in the appearance of an eternal technology which can be inherited by children, grandchildren, great-grandchildren and so on. Unless the world changes dramatically. Unless exchanges stop working.

[Sergey Golubev]

Scalping Orderflow for MQL5

An example of a sophisticated algorithmic trading system for MetaTrader 5 (MQL5) that uses the Scalping OrderFlow technique is this Expert Advisor (EA).

A short-term trading strategy known as "scalping order flow" focuses on identifying possible entry and exit points in the market by examining the real-time flow of orders. It makes quick trading decisions by combining the study of volume, price activity, and order book data. Typically, positions are held for a very short time—often within minutes or even seconds.

[Sergey Golubev]

Formulating Dynamic Multi-Pair EA (Part 5): Scalping vs Swing Trading Approaches

Scalping is a trading approach that focuses on taking advantage of very tiny price movements within short timeframes, often seconds to minutes. Traders using this style open and close multiple positions throughout the day, aiming to profit from micro-fluctuations in market price rather than large directional moves. It requires precision, fast execution, and strict discipline, as spreads, slippage, and transaction costs can quickly eat into profits. Scalpers rely heavily on lower timeframes like the 1-minute or 5-minute charts, using technical indicators such as moving averages, volume spikes, and momentum oscillators to time entries and exits with high accuracy.

[[Deleted]]

Sergey Golubev:

Scalping EA from russian forum finlist for usdchf, M1 with the settings attached.

It is very interesting but they understand the scalping as a trading on m1 timeframe only. This EA is trading no more than one trades per day.

It is backtested very good on m1, m5 and m15 timeframe for usdchf, every tick. See attached.

Can you explain the strategy and logic. I have tried my best to understand and translate to English. here is English Translated code but still strategy is unclear. 

//+------------------------------------------------------------------+
//|                                                        Probe.mq4 |
//|                      Copyright © 2005, MetaQuotes Software Corp. |
//|                                        http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, MetaQuotes Software Corp."
#property link      "http://www.metaquotes.net"

//+------------------------------------------------------------------+
//| expert initialization function                                   |
//+------------------------------------------------------------------+

extern double PendingOrderDistance = 30;
extern double StopLoss =95;
extern double CCILevel = 120 ;
extern double CCIPeriod = 73 ;
extern double MaxPriceDistance = 30 ;
extern double TrailingStop = 110;
extern double BreakEven = 60 ;
extern double MagicNumber = 1000;
//----

//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
int OnInit()
  {
   return(INIT_SUCCEEDED);
  }

//+------------------------------------------------------------------+
//| expert start function                                            |
//+------------------------------------------------------------------+
void OnTick()
  {
//CCI Values
   double UpperLevel = CCILevel;
   double BelowLevel = -CCILevel;

   double CCI_CurrentCandle=iCCI(NULL,PERIOD_H4,CCIPeriod,PRICE_TYPICAL,0);
   double CCI_PreviousCandle=iCCI(NULL,PERIOD_H4,CCIPeriod,PRICE_TYPICAL,1);
   double CCI_2CandleBack=iCCI(NULL,PERIOD_H4,CCIPeriod,PRICE_TYPICAL,2);
   double count;

//Check if any running trade
   bool TradeExit = false;
   for(count=0; count<OrdersTotal(); count++)
     {
      OrderSelect(count,SELECT_BY_POS,MODE_TRADES) ;
      if(OrderSymbol()==Symbol() && OrderMagicNumber() == MagicNumber)
         TradeExit = true;
     }

//Open New Trade
   if(CCI_CurrentCandle >BelowLevel &&  CCI_PreviousCandle<BelowLevel && CCI_2CandleBack<BelowLevel && !TradeExit)
     {
      OrderSend(Symbol(),OP_BUYSTOP,0.1,Ask+PendingOrderDistance*Point,3,Ask+PendingOrderDistance*Point-StopLoss*Point,0,"BUYSTOP",MagicNumber,0,clrGreen);
      string buyArrowName = "BuyArrow" + TimeCurrent();
      if(ObjectCreate(0, buyArrowName, OBJ_ARROW, 0, TimeCurrent(), Bid))
        {
         ObjectSetInteger(0, buyArrowName, OBJPROP_ARROWCODE, SYMBOL_ARROWUP);
         ObjectSetInteger(0, buyArrowName, OBJPROP_COLOR, clrGreen);
         ObjectSetInteger(0, buyArrowName, OBJPROP_WIDTH, 3);
        }
     }

   if(CCI_CurrentCandle<UpperLevel && CCI_PreviousCandle>UpperLevel && CCI_2CandleBack>UpperLevel  && !TradeExit)
     {
      OrderSend(Symbol(),OP_SELLSTOP,0.1,Bid-PendingOrderDistance*Point,3,Bid-PendingOrderDistance*Point+StopLoss*Point,0,"SELLSTOP",MagicNumber,0,clrRed);
      string sellArrowName = "SellArrow" + TimeCurrent();
      if(ObjectCreate(0, sellArrowName, OBJ_ARROW, 0, TimeCurrent(), Ask))
        {
         ObjectSetInteger(0, sellArrowName, OBJPROP_ARROWCODE, SYMBOL_ARROWDOWN);
         ObjectSetInteger(0, sellArrowName, OBJPROP_COLOR, clrRed);
         ObjectSetInteger(0, sellArrowName, OBJPROP_WIDTH, 3);
        }
     }

//Delete Order
   if(OrdersTotal() > 0)
     {
      for(count=0; count<OrdersTotal(); count++)
        {
         OrderSelect(count, SELECT_BY_POS,MODE_TRADES) ;

         if(OrderType()==OP_BUYSTOP && OrderOpenPrice() -Ask  > MaxPriceDistance* Point && OrderSymbol()==Symbol() && OrderMagicNumber() == MagicNumber)
           {
            OrderDelete(OrderTicket());
           }

         if(OrderType()==OP_SELLSTOP && Ask - OrderOpenPrice()   > MaxPriceDistance* Point && OrderSymbol()==Symbol() && OrderMagicNumber() == MagicNumber)
           {
            OrderDelete(OrderTicket());
           }
        }

      //Reverse logic when opposite CCI signal appears (Still unclear operation)
      for(count=0; count<OrdersTotal(); count++)
        {
         OrderSelect(count, SELECT_BY_POS,MODE_TRADES) ;

         if(OrderType()==OP_BUY && CCI_CurrentCandle<UpperLevel && CCI_PreviousCandle>UpperLevel && CCI_2CandleBack>UpperLevel && OrderSymbol()==Symbol() && OrderMagicNumber() == MagicNumber)
           {
            OrderClose(OrderTicket(),0.1,Bid,3,White);
            OrderSend(Symbol(),OP_SELLSTOP,0.1,Bid-PendingOrderDistance*Point,3,Bid-PendingOrderDistance*Point+StopLoss*Point,0,"SELLSTOP",MagicNumber,0,clrRed);
            string sellArrowNameReverse = "SellArrowReverse" + TimeCurrent();
            if(ObjectCreate(0, sellArrowNameReverse, OBJ_ARROW, 0, TimeCurrent(), Ask))
              {
               ObjectSetInteger(0, sellArrowNameReverse, OBJPROP_ARROWCODE, SYMBOL_ARROWDOWN);
               ObjectSetInteger(0, sellArrowNameReverse, OBJPROP_COLOR, clrOrange);
               ObjectSetInteger(0, sellArrowNameReverse, OBJPROP_WIDTH, 3);
              }
           }
         if(OrderType()==OP_SELL &&  CCI_CurrentCandle >BelowLevel && CCI_PreviousCandle<BelowLevel && CCI_2CandleBack<BelowLevel && OrderSymbol()==Symbol() && OrderMagicNumber() == MagicNumber)
           {
            OrderClose(OrderTicket(),0.1,Ask,3,White);
            OrderSend(Symbol(),OP_BUYSTOP,0.1,Ask+PendingOrderDistance*Point,3,Ask+PendingOrderDistance*Point-StopLoss*Point,0,"BUYSTOP",MagicNumber,0,clrGreen);
            string buyArrowNameReverse = "BuyArrowReverse" + TimeCurrent();
            if(ObjectCreate(0, buyArrowNameReverse, OBJ_ARROW, 0, TimeCurrent(), Bid))
              {
               ObjectSetInteger(0, buyArrowNameReverse, OBJPROP_ARROWCODE, SYMBOL_ARROWUP);
               ObjectSetInteger(0, buyArrowNameReverse, OBJPROP_COLOR, clrBlue);
               ObjectSetInteger(0, buyArrowNameReverse, OBJPROP_WIDTH, 3);
              }
           }
        }

      //Trailing Stop function
      for(count=0; count<OrdersTotal(); count++)
        {
         if(TrailingStop>0 && OrderSymbol()==Symbol() && OrderType() == OP_BUY && OrderMagicNumber() == MagicNumber)
           {
            if(Bid-OrderOpenPrice()>Point*TrailingStop)
              {
               if(OrderStopLoss()<Bid-Point*TrailingStop)
                 {
                  OrderModify(OrderTicket(),OrderOpenPrice(),Bid-Point*TrailingStop,OrderTakeProfit(),0,Green);
                  return;
                 }
              }
           }
         if(TrailingStop>0 && OrderSymbol()==Symbol() && OrderType() == OP_SELL && OrderMagicNumber() == MagicNumber)
           {
            if((OrderOpenPrice()-Ask)>(Point*TrailingStop))
              {
               if((OrderStopLoss()>(Ask+Point*TrailingStop)) || (OrderStopLoss()==0))
                 {
                  OrderModify(OrderTicket(),OrderOpenPrice(),Ask+Point*TrailingStop,OrderTakeProfit(),0,Red);
                  return;
                 }
              }
           }
        }

      //BreakEven function
      for(count=0; count<OrdersTotal(); count++)
        {
         OrderSelect(count, SELECT_BY_POS) ;
         if(OrderType()==OP_BUY && OrderMagicNumber() == MagicNumber && Bid-OrderOpenPrice() > BreakEven*Point && OrderSymbol()==Symbol() && OrderOpenPrice()-OrderStopLoss() > 10*Point && BreakEven>0)
           {
            OrderModify(OrderTicket(), 0,OrderOpenPrice(), 0, 0,0) ;
           }
         if(OrderType()==OP_SELL && OrderMagicNumber() == MagicNumber && OrderOpenPrice()-Bid > BreakEven*Point && OrderSymbol()==Symbol()&& OrderStopLoss()-OrderOpenPrice() > 10*Point&& BreakEven>0)
           {
            OrderModify(OrderTicket(), 0, OrderOpenPrice(), 0, 0,0) ;
           }
        }
     }
  }

//+------------------------------------------------------------------+
//+------------------------------------------------------------------+

[Sergey Golubev]

anuj71 #:

Can you explain the strategy and logic. I have tried my best to understand and translate to English. here is English Translated code but still strategy is unclear. 

I do not know ... you quoted the post with codes which were created 20 years ago (in 2005) ...

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Scalping system

Sergey Golubev, 2025.11.22 07:45

Automating Black-Scholes Greeks: Advanced Scalping and Microstructure Trading

We move beyond theoretical exposition and into implementation. Furthermore, we will cover how to systematically calculate Greeks in an algorithmic environment, integrate them into your MetaTrader 5 Expert Advisor framework, and use them as real-time triggers for scalping and microstructure strategies. We’ll explore how Delta and Gamma can be used not just for hedging but as powerful input signals in high-frequency contexts: identifying ultra-short-term liquidity shifts, and automating precise entries and exits in fast‐moving markets.