FXCM:EURUSD Scalping Algo - GB | Strategy
Version 1.01
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:
- Starting Balance: $100000
- OOS (Out-Of-Sample) Data: August 28th 2019 - Present
How-To-Use:
- 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 :)
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:
- Starting Balance: $100000
- OOS (Out-Of-Sample) Data: August 28th 2019 - Present
How-To-Use:
- 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 :)
Release Notes:
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.
- 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.