Scalping Strategy in M5

Scalping strategy in M5:

Averages> know and trade trends or ranges

All the required indicators:

- moving averages 8, 13, 21, 100 (indentify trend or range)

- Bollinger Bands (default metatrader)

- RSI (14)

- candle identifier to download in the attached files

note : the candle identifier identifies Japanese candlestick figures such as hammers, haramis, shooting stars etc ... 

Sales or purchase signals are indicated by the colored arrows pointing up or down.

This strategy is confronted with 4 cases:

1 : Moving Averages: Uptrend

RSI: oversold (70%)

BUY

2 : Moving Averages: Downtrend

RSI: overbought (70%)

SALE

Moving Averages: No Trend

SALE

4 : Case 2: price below the Bollinger Band

Money management:

- Take Profit: the middle of the bollinger band

Requirements :

To be able to modify in "properties of the expert" :

- To be able to modify the Take Profit, the Stop Loss and the size of the lot

-Moving average's period

-Able and enable all moving averages

-Able and enable all indicators

-RSI's period

Difficulty:

determine trends or ranges from moving averages, from the code.

Thank you, contact me: benj.ea.developer@gmail.com