Scorpion scalper
The entry is carried out by signals of RSI and Stochastic indicators, in overbought/oversold zones, plus additional entry conditions according to the author's algorithm.
Recommended timeframe - M15
Input parameter
- MagicNumber – magic number, the identification number of a couple.
- slippage – slippage
- Lots – lot size
- DepoPer001Lot – automatic lot calculation (specify the number per unit 0.01 lot) (if 0, the lot value from the Lots parameter is used)
- TakeProfit – Take profit
- Stop_Loss – stop Maximum, usually closes early on a signal
- Max trades – Maximum number of simultaneously opened orders in one direction
- Min dist reopen (pips) - How many points to open an additional order at the second signal
Signal settings
- PeriodRSI – RSI indicator Period
- RsiChannel – channel Width at the exit for which will be checked the conditions for entry at 20 is 70/30 (50+20/50-20)
- KPeriod – Period (number of bars) to calculate the line %K stochastic
- DPeriod – Period of averaging for calculating the %D line of stochastic
- Slowing – Value of slowing of stochastic indicator
- StochChannel – channel Width at the exit of which the conditions for entry will be checked, similar to RSI
- Max_Spread – Maximum spread at which new orders are opened
Close setting by time
- Exit_Minutes – Time after which the order will be closed
- Time_Profit_Pips – Minimum profit at which the order can be closed by the time filter
Trail settings
- Trailing Start – Number of points to start a trailing stop
- Trailing Distance – Distance from the current price (in points) to which the stop loss will be moved after the trailing stop is activated
- Trailing Step – trailing Step
The time intervals to search for entry signals
- Monday – Intervals for Monday
- Tuesday – Intervals for Tuesday
- Wednesday – Intervals for Wednesday
- Thursday – Intervals for Thursday
- Friday – Intervals for Friday
- HourShift - time Shift for brokers with other GMT
- SendEmail - Send the result of closing trades to Email
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