Scalping EA

[ericcky]

Hi Apprentice,

Can I trouble you with making a scalping EA based on this strategy:

1. The EA is based on M15
2. EA needs to be able to identify the first bar of every hour once it has closed - Marking Bar (MB). Example: 1:00 - 1:14, 2:00 - 2:14 etc.
3. EA will be able to identify the MB's Hi and Lo price once it is closed.
4. Once price breaks-out from the Hi or Lo of the previous MB by 1 pip, EA will trigger BUY if it breaks-out the MB Hi and SELL if it breaks-out the MB Lo.
5. Once trade is triggered, TP of 8 (during Asian Market) pips / 12 (during Europe/NY Market)pips will be set and SL 15pips will be triggered.
6. If price does not TP/SL when the new hour arrives, maintain the trade and DO NOT trigger any new trades until the first trade has reach TP/SL.
7a. IF the 3 M15 price bars did not breakout of the MB's Hi or Lo, then cancel the trade when the new hour starts.
7b. Repeat step 3 when the new hour first M15 price bar closes.

This EA will also need to have the ability to identify Local Time so it will auto set the TP.
1. Asia Market time (0500 - 1400hrs GMT+8) TP 8 pips / SL 15 pips
2. Europe Market time (1500hrs - 2000hrs GMT+8) TP 12 pips / SL 15 pips
3. NY market time (2100hrs - 0400hrs GMT+8) TP 12 pips / SL 15 pips

This EA will also need a martingale function. Multiplication is two times (x2). Everytime a trade hits SL, it doubles. Example GU BUY 0.02 hit SL. The next GU trade will be 0.04.

Magic Code so I can put on multiple charts.

I have upload some pictures to help describe the strategy.

[Apprentice]

Your request is added to the development list.
Development reference 714.

[Apprentice]

Scalping EA.mq4

(36.91 KiB) Downloaded 263 times

Something like this?

[ericcky]

I'll try it out immediately!

Thank you for your help!!

[ericcky]

Hi Apprentice,

May I know what your time setting is based upon? Broker time or Local PC time?

As I can see the TP now (morning in Asia) is based on EUR/NY TP.

[Apprentice]

Broker time is used.