Reverse_scalper

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It a simple scalping strategy, which is based on time and price action. It does not use any complex indicators. The only thing it uses as an indicator is distance for current price to high (for buy) or low price (for sell), expressed in ratio. It allows only to buy, when price is near high price (price is between high and midle between high and low. It allows only to sell when price is between low and midle between high and low. Strategy uses 1 hour and 15 minutes candles to define if it has a trade. If both candles are UP - it sells, if both candles are DOWN - it buys. For exit there's 2 different strategies: 1. This strategy entry hours are 6, 13, 17, 18, 19, 20, 21, 22. It always has 5 pips take profit. This strategy also has a limitation by days. 2. This strategy trades only during calm market, when NY is closed already. Entry rules are the same as 1, just take profit is previous candle high (for buy) or low (for sell).
Version: Date: Status: Description:
2 26.01.2014 Not running Reverse_scalper  Download
1 03.12.2013 Executed Reverse_scalper  Download
adask avatar
adask 26 Jan.

"Logical blocks have to be arranged in a readable order."
Actually they are. Just when strategy is loaded, they automatically expand, which makes it unreadable. So one needs to contract to see readable blocks. There are too many blocks to spread them even more. So I choose to do like this.

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