Could anyone please help with programming a simple scalping egy. I'm happy for it to be published on here for all to use.
Any help would be much appreciated
Thanks in advance
Dave
Indiors to utilize
Bollinger Bands / Force Index
Condition for Open Positions: Bollinger Band is put at 3 standard deviations along with a shift of -2. Force Index has lines drawn at 0.0025 and -0.0025 When Candle strikes outer BB (upper) and Force Index is above the lineup at 0.0025 that a SELL trade is triggered. When candle strikes outer BB (reduced ) AND Force Index is under line at -0.0025 that a BUY trade is triggered.
Stop loss is variable, but default of 20 pips. Take profit when candle strikes mid Bollinger Band. No monitoring stop.
Force Index lines should have the ability to be diverse (not only 0.0025/-0.0025). Take profit point should be variable between mid Bollinger ring and opposite outer. Trailing stop should be an option if required.
Hi Wookey, thanks for coding the EA, but it does not appear to be entering any transactions (particularly at the lower BB as soon as the Force Index is under -0.0025.) . . Could you advise?
Much valued
Due
Dave