03.freeman

Extreme Scalping

This is a test of an easy scalping method: buy if actual close is below forecast close and sell if actual close is above forecast close. Take profit and stop loss shall be very small (few pips) as in most of scalping strategies.
No filter is used for only long or only short positions, but you can select buy only or sell only based on other indicators or whatever you feel is the direction of trading.

NOTE: you can add this strategy to your chart but you should modify the backtest day otherwise you will get an error due to calculation limits of pine script. For example, on one minute chart, you should set the backtest day from today only. For past days, set both start day and and day.

I have also a study with alarms.

Please use comment section for any feedback.
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Commenti

I think this wont work with commissions.
+3 Rispondi
coinnoz Milionario
@Milionario, True. Even at extremely low commission (0.01%) it would never work.
+1 Rispondi
It says fixed tp/sl at 300 and 100, is that pips or $ movement, cheers
+2 Rispondi
03.freeman BitcoinBeats
@BitcoinBeats, TP and SL are in ticks
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Hi 03.freeman
Nice work! can you please share the alerts version.
+1 Rispondi
I'm sorry but it is not working. I'm testing it with DAX and it does not provide any signal.
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useless
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