Scalping EA
Price breakout method
1. Time frame: m15
2. Lot: 0.1
3. TP: 10
4. SL: 10
5. Preferable pair: EU, GU, UJ, AU
EA condition
1. Each candle closed hourly (i.e.: 0800, 0900, 1000, etc) at m15 is marked as ‘reference bar’ (24hours system)
2. Monitor on ‘reference bar’ High & low for the next few candles.
a. If next candles breakout ‘reference bar’ high (confirm BreakOut after 1 pip above the high), place buy limit order at 50% of ‘reference bar’ body candle with TP & SL both 10pips.
b. If next candles breakout ‘reference bar’ low (confirm BreakOut after 1 pip lower the low), Place sell limit order at 50% of ‘reference bar’ body candle with TP & SL both 10 pips.
3. The limit order shall be canceled if no order triggered until the next ‘reference bar’ occurred. This will repeat step 2 for each new occurrence of ‘reference bar’.
4. New order shall only be opened after the existing order is closed (either hit TP or SL).
Please quote on project. Budget is $50 usd
thanks
Roysterken
See screen shot included
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