Scalping system - page 4

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Artur Zas
229
Artur Zas  
bellefemme:
My broker don't allow scalping Good luck for everyone

If your broker doesn't allow scalping, I suggest that you switch brokers

Ask your broker what is his definition of scalping.

sjerar
146
sjerar  
bellefemme:
My broker don't allow scalping Good luck for everyone

Most probably he doesn't allow you other profitable strategies also.

Artur Zas
229
Artur Zas  

Entry scripts for scalping

Here is some help for scalpers who don't know or don't want to learn MQL.

These scripts are used to quickly setup a LONG or SHORT position with predefined TakeProfit and StopLoss values using basic money management.

The money management is implemented to ensure that you will not loose more than a predefined amount of you margin account.

The scripts have the following variables, which are used for fine tuning the script:

int Risk = 2; // Percent of acount to risk in percents

int TakeProfit = 10; // Take Profit in Pips

int StopLoss = 10; // Stop Loss in pips

int Slippage = 2; // Slippage in pips

bool ConsiderSpread = true; // Consider spread when calculating stop loss and take profit.

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

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

double MinimumLotSize = 0.1; // Use minimum lotsize of 0.1 lots

double MaximumLotSize = 10; // Use maximum lotsize of 10 lots

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

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

bool AskForConfirmation = true; // Show a confirmation dialog box before placing the order to market

Updates scripts are available at Automated Forex Trading and Forex Training

kammal
4
kammal  

nonlagdot is re-paint

markoIRL
252
markoIRL  
kammal:
nonlagdot is re-paint

Just try turn color bar back to 0 and will not repaint.

nicesurf
370
nicesurf  

Most if idicators repaint.......they can only proces past data.

Sergey Golubev
Moderator
106148
Sergey Golubev  
nicesurf:
Most if idicators repaint.......they can only proces past data.

Most of indicators do not re-paint because they can only process past data.

By the way it is useless to make any discussion with you as you never coming back to your previous posts. Seems you are just promoting your signature by your posts.

I am sorry if I am mistaken (buty i am not mistaken about re-painting).

Igor Durkin
6121
Igor Durkin  

Hi,

I don't recommend to use NonLagDots at all because it's based on one of early versions of NonLagMA and uses wrong settings(don't use ColorBarBack=2).

When indicator re-paints on current bar - it's OK.

But when it re-paints previous bars - it's wrong (excluding some channels and fitting tools).

kammal:
nonlagdot is re-paint
Marcel Corzo
203
Marcel Corzo  

Scalping definition

Hi, I'm newbie. I jus t wanna know what exactly scalping is, and which definitions are most common between brokers? which brokers with low spread allow this technique?

drg00dvibe
589
drg00dvibe  
nix:
Here is some help for scalpers who don't know or don't want to learn MQL.

These scripts are used to quickly setup a LONG or SHORT position with predefined TakeProfit and StopLoss values using basic money management.

The money management is implemented to ensure that you will not loose more than a predefined amount of you margin account.

The scripts have the following variables, which are used for fine tuning the script:

int Risk = 10; // Percent of acount to risk in percents

int TakeProfit = 10; // Take Profit in Pips

int StopLoss = 10; // Stop Loss in pips

int Slippage = 2; // Slippage in pips

bool ConsiderSpread = true; // Consider spread when calculating stop loss and take profit.

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

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

double MinimumLotSize = 0.1; // Use minimum lotsize of 0.1 lots

double MaximumLotSize = 10; // Use maximum lotsize of 10 lots

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

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

bool AskForConfirmation = true; // Show a confirmation dialog box before placing the order to market

( NOTE: The default risk factor is at 10% - relatively high, so you probably want to lower this to something like 2% depending on your risk tolerance )

Place both scripts in your experts/scripts folder and restart your MT4 terminal.

Thanks Nix, i've been looking for a script like this.

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