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The Scalper Pro EA is based on the free indicator Scalper Pro, the indicator runs on the 1M and 5M time frames.
Requirements are to place Stop and Limit orders once the indicator has changed trend direction and Price has come back to the indicator line.
Enter Buy Position rules:
1) Wait for the Indicator to paint Blue Buy Arrow.
2) Place a Buy Stop order at the blue line of the indicator (at the line or within xx pips above the line option, also Buy Stop and Buy limit option) - Modify the order in line with the Indicator as it moves
3) If order does not execute by XX bars do not open trade
4) Once trade opens follow the exit rules
Enter Sell Position rules
1) Wait for the Indicator to paint Red Sell Arrow.
2) Place a SellStop order at the Red line of the indicator (at the line or within xx pips bellow the line option, also Sell Stop and Sell limit option) - Modify the order in line with the Indicator as it moves
3) If order does not execute by XX bars do not open trade
4) Once trade opens follow the exit rules
Exit Rules
1) Take Profit
2) Stop Loss
3) Use Break even settings (true/False) (if the price moves xx pips into profit set a TP at xx pips)
4) On Opposite direction of indicator (True/False)
On Opposite direction of indicator follow the same rules as entry (True/False)
Example if True:
EA opens buy order and is running fine, When the Indicator paints a Red Down trend arrow place the stop of the buy order at the Red line of the indicator same as the entry settings xx pips
When the order is closed open the sell order, I have FIFO non-hedging rules so first order must close before new order can open.
Using this setting Orders will close and open very quickly.
If False close order on opposite direction arrow
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