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EA Price Action Scalping

Sixer

Forex Trader
The EA details:

Price Action Scalping

The Price Action Scalping Expert Advisor is based on Special Price Action. Combines with some indicators and AI (Artificial Intelligence) to get opportunities to entry

* Features
- Allow compound interest or Fix lots by user
- Spreads protection, using pending orders (stop order) without any market orders
- No grid. No martingale
- A small Stoploss for every trade
- Combines with RSI and Bollinger Bands indicators
- Special Price Action, Special Artificial Intelligence (AI)

* Setting
---------------- Volume
- Fixed Lots Size = 0.0 : If this field > 0 that mean do not allow compound interest bellow
----------------
- Lots Size Per $1000 = 0.3
++ Greater than 0.3 If the leverage > 1:100, anything else please using this: Lots = Margin * Leverage / Contract
++ Ex: EURUSD, Lots = 1000EUR * 30 / 100000 = 0.3 lots (should be < 0.3 - the balance is 1000EUR, Leverage=1:30)

- Minimal Lots Size = 0.01
- Maximal Lots Size = 60

---------------- Protection
- Maximal spread to entry (PiP) = 1.3 (in pips)

---------------- Confirmation
- Bollinger Bands period (Fixed) = 23 (Fixed)
- RSI period (Fixed) = 18 (Fixed)
- Stoploss (PiP) = 3.0 (in pips)


---------------- More
- Magic number = 68000
- Comment = Price Action Scalping v1.68

* Recommendations
- Broker : Tickmill, Darwinex, ... (ECN account with low spreads)
- Pairs : GU EU GJ UCHF ECHF AJ UJ
- Timeframe : M1, M5

- Strategy Tester: Please update "Maximal spread to entry (PiP)" higher than the spread of the Strategy Tester that you set

Sixer

I thank there are less expensive EAs out there which use BB and RSI.
 
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