Scalping micro pips strategy.
-
Hi Friends,
Would like to share this strategy by scalping micro pips. Hope someone can build EA. open to all to participate and refine this strategy. advance thanks.
1.Start with buy and sell order with stop loss 50 pips and take profit 3 pips for both buy and sell order.
2. once take profit hit, the same order repeat with SL 50 and TP 3. for example: if buy order hit TP, another order of buy order will open with 50 SL and TP 3. it continuous.
3. if market moves in trend and 3 pips TP not triggered, and the market moves against our trade order and moves further away 10 pips, new additional order will be opened, subsequent every 10 pips. for example buy TP not triggered, market moves down 10 pips another sell order will be created and the subsequent every 10 pips. same reverse condition goes for sell trade order TP not triggered.
4. once overall profit is positive, all the order will be closed and start all over again from the beginning step 1.
if above information not clear, please let me know willing to explain in more details.Hope Fxdreema community help with this. thanks.
-
I created on my own EA, attached the link below, it's just a begining, not sure will it work correctly or not. I also not sure how to add on the 10 pips interval to open order and also to close when profit is reached. hope some experts look into it and modify correctly, thanks.
https://fxdreema.com/shared/gcWQuewlc -
Hi!
This is a grid system, you can do it like this for example: https://fxdreema.com/shared/Hm8jwqDC -
@roar thanks for your help rendered. sincere thanks. will try and test it out, thanks roar.
-
@roar i tried to do it by myself, but i couldn't get it right. the issue i am facing now is, if either one of the order reached TP,
once take profit hit, the same order repeat with SL 50 and TP 3. for example: if buy order hit TP, another order of buy order will open with 50 SL and TP 3. it continuous.
if market moves in trend and 3 pips TP not triggered, and the market moves against our trade order and moves further away 10 pips, new additional order will be opened, subsequent every 10 pips. for example buy TP not triggered, market moves down 10 pips another sell order will be created and the subsequent every 10 pips. same reverse condition goes for sell trade order TP not triggered.
once overall profit is positive, all the order will be closed and start all over again from the beginning step 1.i am struggling here, need your help on this project to complete. kindly help. thanks for your time.
-
@arrow82
Maybe this is simpler than the grid system:
https://fxdreema.com/shared/4OAKoF3ebMy opinion: randomly scalping 3 pips will destroy your money, because spread and commission take a huge part of your profit