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Hello mr Tanaka please make the ea with strategy
I thought that I would like to contribute with a simple scalping system that I came across. It seems to work very well and can be used to make 10 pips a day or even more! Any help to improve this strategy is appreciated.
The price usually make a small retracement almost everytime a candle opens above/below the 5 EMA when the market is not in a trend, this strategy works best when the market is ranging. This usually happens before a trend starts and when a trend ends.
Let’s get to it!
Setup
Any pair, I prefer EUR/USD
Time frame: 5 Min
5 EMA High
5 EMA Low
(See attachments for the Template)
Rules
Entry sell: If a candle opens ABOVE the 5 EMA high SELL
Entry Buy: If a candle opens BELOW the 5 EMA BUY
Take profit: 5 pips or take what you can get!
Stop loss: I use 8 as stop loss but i’m unsure on this one, any suggestions would be appreciated!
Please read all posts before you start trading, there’s alot of usefull information!
Entry example, result example, template and an optional indicator to see time left on each candle is attached below
Note: I did not take all the trades in the Result example, it’s just an example of trade opportunities
Interesting idea:
The 919 guy uses 35 lwma for buy/sell the other direction but uses a filter
https://www.forexfactory.com/showthread.php?p=12277495#post12277495
(Hope it s ok to post the link for information)
I would not take fixed pips for trading ...i would just say if price is x % away from ma channel and put the tp in the middle =50% of the channel(or just let choose the user)...
Greetings R

