The strategy script for the scalping algo optimized for FXCM:EURUSD 30m candlestick charts using the price data between August 5th 2019 - August 28th 2019. The script takes 100% profits at the first hedge signal and there is no pyramiding involved. You can find the indicator script here: tradingview.com/script/SwuOfOTU-FXCM-EURUSD-Scalping-Algo-GB/
- Open the FXCM:EURUSD candlestick chart on the 30m timeframe. - Enter the market on Long/Short signals. - Put a hard stop loss slightly below the Soft Stop Loss (Yellow line). You can use the Soft SL Deviations for that. - If you get stopped out and the algo doesn't flip, re-enter the market. - Take 100% profit on the first Hedge Signal. - If you want to re-enter the market, use any of the Add signals and take again 100% profits at the next Hedge signal. - Rinse and repeat.
Good luck. have fun :)
Versionshinweise
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Version 1.02
- Re-optimization update. - Added MTF Hedge/Add signals. - Backtesting results are with x60 Leverage and 100% TPing at the first 30m Hedge signal. (Aggressive Setup) - A more convervative setup would be x30 Leverage and 100% TPing at the first 1H Hedge signal.