Outline
The “Whipper” EA is designed to scalp at set times of the day or night using the RSI indicator to enter trades.
It will operate on M1, M5, M15, M30 and H1 charts for all major and minor currency pairs and will work with both 4 or 5-point quotes.
Whipper will use the Heiken Ashi Indicator on another timeframe (different to the trading chart) to monitor if there are any medium or long-term trends.
Trade entry filters are applied.
* Maximum Spread
* Trading time period
* News filter
* Against the Trend
If a trend up or down is identified the EA can use this information for several purposes (if the setting for the purpose is ‘True’).
The trend information can be used to:
* Filter trade entry to stop the EA entering a trade against the trend.
* Update the Take Profit and Stop Loss settings of any open trades.
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