Aggressive Scalp with Trailing Stop EA

MoneyTec Forums Trading Strategies Aggressive Scalp with Trailing Stop EA

This topic contains 15 replies, has 3 voices, and was last updated by  FXGuru 6 months ago.

Viewing 15 posts - 1 through 15 (of 16 total)
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  • #772

    ruseneca
    • 0

    Overview

    Here’s a strategy that I use form a long time with cerain brokers who accept aggressive scalpers. Some orders are closed within 20 seconds or even less! It is not effective on predictable or clear trends.
    The strategy involves high risk and structured money management

    Strategy

    First of all, download the EA “TrailStop”from the MoneyTec Database or from HERE. It’s free!

    This expert will help you in setting the Trailing Stop. By default, the value of Trailing Stop is set to “5”. Increase this number if you’re trading on ECN account where spread is lower but commissions are included, too! Be careful!

    When you open an order, the expert will automatically set the trailing stop which will move according to the current price. All of your orders will be on profit. Manage carefully your trading bidget. Entering the market with more than 40% will increase the risk.

    Brokers
    Your brokers must completely accept scalping
    Your broker must offer tight spreads (up to 2 pips)

    Indicators

    I suggest you to use RSI or other oscillator for extremely short-term trading.

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    #773

    dollar
    • 0

    This EA is set trailing stop automatically of 5pips. its good that we got profit in almost all trade.
    is it necessary that we apply EA when we are going to trade with EA. i trade manually and my trade opne more then two days. can i use this EA in my trading method..?

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    #774

    ruseneca
    • 0

    Yes, dollar, you are required to turn on the “Expert System” button to use this expert. I coded it only for scalping. It will not help you when your orders are active for 2 days. You can set your trailing stop manually.
    Hope 2 have been helpful!

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    #775

    murali603
    • 0

    what about SL? if i set Trailing stop as 5 pips then SL will be appear only when my trade is in 5 pips profit, if its in floating loss from starting then when will that trade close?

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    #776

    ruseneca
    • 0

    During the micro correction. It is like a stop but set within the profit range, moving towards the current price. 5 pips could be points when you trade on 5-digit quotations. If you want to be in pips just enter 50 instead of 5.

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    #777

    dollar
    • 0

    this EA set 5pips trailing stop when our trade in profit. In this way we can avoide TP result we got more profit if our trade goes in our direction. Stop loss we can set manually.

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    #778

    andry777
    • 0

    As I knew, if we are aggressive in trading (scalping) so we didn’t use Trailing Stop Loss but we used
    Target Profit. It’s more effective to use Target Profit than using Trailing Stop Loss, it’s only my opinion.
    If we used Target profit so it will be hitted when it moved in as our analysis but if we uses Trailing Stop Loss,
    it will be hitted when movement is more profits and it moved in opposite direction.

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    #779

    dollar
    • 0

    in my view trailing stop is a good options in every trading. the most advantage our all trade will close in profit if price move oppostie after some profit.

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    #780

    ruseneca
    • 0

    This involves higher risk! Instead, trailing stop is a guarantee that you will add some profit in your account balance. Scalping is practised with high volumes and usually 30-40% from the margin, or even more. In this case, you will have to insure yourself against an opposite scenario and the trailing stop can reduce the risk you’re involved in.

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    #781

    andry777
    • 0

    I think we had different style to do scalping. I didn’t use that high lot size when I did scalping. That is too risky
    to use 30-40% or more from your margin in one transaction only. It is same with gambling for me, I prefer to take
    few profits but many times. Because of that, I didn’t hold position to take profits in one transaction but I will open
    and close position quickly to take profits in many transactions, as many as I can.

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    #782

    murali603
    • 0

    BUT when our trade will close if Its in floating loss from starting? whether we need to set SL manually or EA will decide it based on strategy?

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    #783

    dollar
    • 0

    when we open any trade then first work set stop loss manually this is accourding to our own money management system not base on EA strategy. EA work only when if our trade in profit. after set SL manually we dont warry if our trade floating in loss from starting.

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    #784

    murali603
    • 0

    It means it will set trailing stop automatically, But we also can set trailing stop but we don’t know when trade will come in floating profits. EA will set Trailing stop instantly when the trade comes into profit so that even there is some drop before we check again we may loose trade if we don’t apply trailing stop, if we use EA it may save us in this situation.

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    #785

    andry777
    • 0

    There is EA which allowed us to set SL when it was opening position. We can set it before we run that EA,
    and also it is possible to set TP and Trailing Stop Loss too. EA is more effective in scalping but you should
    monitoring it. In sideways, there will be no news so it’s safe enough to use EA.

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    #1596

    miki123
    Participant
    • 25

    Where is the link mate? I can’t find it anywhere at all. As per this strategy, it looks very much promising, so I guess it’s certainly worth trying, but there is no link for one to try.

    Please give us the link so people who are interested can try this…… Thanks anyway

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