Simple SCALPER 5m

 

I want to refresh some old scalping method, which I remember from some book (sorry, I don't remember ).

I want to work for improve this method, and I hope that U can help me.

1. We use 2 MA: blue (10WMA apply to H) and red (8WMA apply to L)

2. For trade with trend we can use 50WMA (green on my chart).

3. Buy, when trend is UP (price and short MAs are above green WMA) and the price retrace below red MA.

4. Sell, when trend is DOWN (price and short MAs are below green WMA) and the price retrace above blue MA.

5. Set TP=SL=10pips for GBPUSD.

There is a lot of possibilities to improve that system. Problems to work with them:

1. Optimizing TP and SL for other currency pairs.

2. When exactly open posision (on the close of a candle or earlier?).

3. Is there a possibility to use other indicator to determine actual trend?

Oh! I forget! Don't use this system when the news are comming. Trade only during European and US session. On the charts below you can see some opportunities for LONG and SHORT, but I think that together we can improve this method. I think that this simple scalper can give us about 30-40 pips per day as a bonus to our standard trading style.

Sorry for my English. I still learning.

 

My template for GBPUSD

This is my template for G/U.

Files:
sc5mgu.tpl  3 kb
 

Looks well

I'll try to create expert

 

hi

bomaniac:
This is my template for G/U.

How about system performance ?

How many pips you've collected in a week?

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Forex Indicators Collection

 

I wrote expert and tested it. Bad But I don't user restriction not to trade in news time. Please, can you post period of trading, relatively GMT+2?

Files:
 
Daniil:
I wrote expert and tested it. Bad But I don't user restriction not to trade in news time. Please, can you post period of trading, relatively GMT+2?

I usually trade from 7 to 18 (GMT+2). Tell me, when your EA open position?

And as I say:

1. Optimizing TP and SL for other currency pairs.

2. When exactly open posision (on the close of a candle or earlier?).

3. Is there a possibility to use other indicator to determine actual trend?
Reason: