An Expert Advisor on Stop loss Reversal

EA is basically scalping the US30, NAS100 and XAU/USD market on MT4.

To know the direction to begin trading we will follow the CCI 3.

If The level is above 50, a BUY trade will start off the trading with a 5 pip SL.

If The level is below -50 a SELL trade will start off the trading with a 5 pip SL

EX:

Buy trade executed, Once trade is opened, a 5 Pip stop loss will be placed. Once 3 PIPS in profit, a 3 pip TRAILING STOP will be placed.

If profits double to 6 PIPs in profit, another trade will be added in the same direction with a 3 pip trailing stop.

For every 3 pips in profit after the (1st)initial trade, there will be many trades placed in the same direction for every 3 pip with trailing stops.

When the Stop loss is hit or the trade is stopped out and closed, A new SELL trade will be opened in the  OPPOSITE direction with a 5 pip SL. Once 3 pips in profit, a 3 pip TRAILING stop will be places. 

For every 3 pips in profit after the (1st)initial trade, there will be another trades placed in the same direction with every 3 pip with trailing stops.

When that SL is hit and closed out, a new trade will be placed in the  Opposite BUY direction continuing the trades.

Never will the trade be in a drawdown more then a 5 pip loss.

There will also be options to adjust the SL and TS distance.