Create this simple scalping Strategy
Create this simple scalping Strategy
03 Sep 2014, 23:19
Hi,
Can anyone create this simple scalping strategy and post it here:
Time Frame - 1 hour candles (Can be adjustable).
- if THE SECOND PRICE AFTER OPEN on that candle > Then Buy but at the same time if in that 1 hour the price drops below the OPEN Price on that candle then immediately close the open position and short the same amount at the time of closing the 1st negative position.
REVERSELY:
- if THE SECOND PRICE AFTER OPEN on that candle < Then Short/Sell the value mentioned but at the same time if in that 1 hour the price raises above the OPEN Price on that candle then immediately close the open negative position and BUY the same amount at the time of closing the 1st negative position.
- Take Profit set at 10 pips. (can be modified)
Note:
If the current price goes above or below Open price of the 1 Hour candle say for example 10 times the position should change all 10 times.
Kindly post the code below in comment column.
Thanks a ton!
Sam...