Watch how to download trading robots for free
Find us on Twitter!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
Experts

Simple Scalping EA - expert for MetaTrader 4

yan
Views:
87025
Rating:
(20)
Published:
2011.11.07 10:45
Updated:
2014.04.21 14:55
Scalping_EA.mq4 (19.78 KB) view
MQL5 Freelance Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Description:

Very simple scalping EA, no Indicators. Logic is based on very fast price movements.

Here is my scalping EA idea works most of the time, but needs to be better programmed.

If some1 can help to modify it so it can be used on many pairs at the same time.

Idea is very simple, no indicators at all.
it keeps updating BuyStop and SellStop orders with each price movements.
And when the market becomes heavy or news it won't get a chance to get updated quick... which means very fast price movement in one of the directions. This practically guarantees 10-15 pips movement.

If some1 can help me to code it properly it would be very cool.. For the last 3 month i have a ratio of this working 4-6 wins vs 1 loss. ( and i noticed the loss mostly because i programmed wrong). Stop Loss should be adjusted to 5-7 pips ( if broker allowed)Works fine on Alpari US.

PS. For some reason and i cant identify the problem- after executing the order it may not send another order till i disable and re=enable EA ( gotta be a bug somewhere). Would appreciated any help.)
oops. One more thing, i used the coding template from IBFX scripts and modified for my use.

Thanks for the Help... And ignore the grammar.

Postzigzagv2Close Postzigzagv2Close

Based on Zigzag Indicator.

Trading scripts with pictures Trading scripts with pictures

These scripts will record and file a picture of the chart at the time of each trade executed with them.

Universal configurable EA with include indicators inside. Universal configurable EA with include indicators inside.

This is my own best EA, in the main lines can be setted up many things.

News Expert Advisor (no indicators) News Expert Advisor (no indicators)

EA trades on a large market movements, and does not uses any indicators.