Tweet
Hi Guys,
I'm going to have a go at putting Andrew's scalping strategy in to an EA I'll make using the visual EA generator fxDreema (https://fxdreema.com).
Once completed I'll attach the .mq4/.mq5 that can be either opened in fxDreema or edited manually using MT4/MT5.
Note that you'll need to have a subscription with fxDreema to open the file there as it will be too complex to use with the free account, and no I'm not being paid for referencing it here.
My hope is that once we have an EA we can post backtesting and live trading results for each pair and work out optimal settings for each.
I'd also like to test the system with some more advanced MA's like Jurik and Hull.
I've messaged Andrew to see if he can help with defining answers for some of the questions, but if anyone else has experience with trading the system manually I'd be interested in your thoughts...
The videos detailing the system are here:
Here's the rules I've defined so far, and some related questions:
General
Q: Is there a maximum Spread limit for this strategy?
Considering for a positive (bull) trend:
Trend (H1) Rules
- EMA(21)<EMA(8)
- EMA(8)<Low
Q: Is the active candle 0 (variable) considered for trend states, or only candle 1 (locked)?
Q: How many candles must the EMA(21)<EMA(8) and EMA(8)<Low conditions both be true for to confirm a trend is active?
Q: Is the trend cancelled when Low<EMA(8), or when Low<EMA(21)?
Scalp (M5) Rules
+ Detailed rules defining fanning behaviour of EMA(8), EMA(13) and EMA(21).
- Trigger Bar = Low<EMA(8)
- Buy Stop = High of previous 5 candles + 3 pips
- Stop Loss = Trigger Bar Low - 3 pips
- TP1 = Buy Stop + Buy Stop - Stop Loss
- TP1 Hit = Close 50%, Stop Loss to break even (Order Open)
- TP2 = Buy Stop + (Buy Stop - Stop Loss) x 2
OR
- TP2 (Trail) = Stop Loss to Low of previous 3 candles - 3 pips
- Close<EMA(21) = Close Order
Q: Is the active candle 0 (variable) considered for triggers, or only candle 1 (locked)?
Q: How many candles to confirm fanning of EMA(8), EMA(13) and EMA(21) is active?
Q: Is Trigger Bar still active if it contacts the EMA(13)?
cheers!
I'm going to have a go at putting Andrew's scalping strategy in to an EA I'll make using the visual EA generator fxDreema (https://fxdreema.com).
Once completed I'll attach the .mq4/.mq5 that can be either opened in fxDreema or edited manually using MT4/MT5.
Note that you'll need to have a subscription with fxDreema to open the file there as it will be too complex to use with the free account, and no I'm not being paid for referencing it here.
My hope is that once we have an EA we can post backtesting and live trading results for each pair and work out optimal settings for each.
I'd also like to test the system with some more advanced MA's like Jurik and Hull.
I've messaged Andrew to see if he can help with defining answers for some of the questions, but if anyone else has experience with trading the system manually I'd be interested in your thoughts...
The videos detailing the system are here:
Here's the rules I've defined so far, and some related questions:
General
Q: Is there a maximum Spread limit for this strategy?
Considering for a positive (bull) trend:
Trend (H1) Rules
- EMA(21)<EMA(8)
- EMA(8)<Low
Q: Is the active candle 0 (variable) considered for trend states, or only candle 1 (locked)?
Q: How many candles must the EMA(21)<EMA(8) and EMA(8)<Low conditions both be true for to confirm a trend is active?
Q: Is the trend cancelled when Low<EMA(8), or when Low<EMA(21)?
Scalp (M5) Rules
+ Detailed rules defining fanning behaviour of EMA(8), EMA(13) and EMA(21).
- Trigger Bar = Low<EMA(8)
- Buy Stop = High of previous 5 candles + 3 pips
- Stop Loss = Trigger Bar Low - 3 pips
- TP1 = Buy Stop + Buy Stop - Stop Loss
- TP1 Hit = Close 50%, Stop Loss to break even (Order Open)
- TP2 = Buy Stop + (Buy Stop - Stop Loss) x 2
OR
- TP2 (Trail) = Stop Loss to Low of previous 3 candles - 3 pips
- Close<EMA(21) = Close Order
Q: Is the active candle 0 (variable) considered for triggers, or only candle 1 (locked)?
Q: How many candles to confirm fanning of EMA(8), EMA(13) and EMA(21) is active?
Q: Is Trigger Bar still active if it contacts the EMA(13)?
cheers!
Comment