Sunday, November 29, 2020
Home Expert Advisors 5 Minute Forex Scalping Robot Using 200EMA And Stochastic Indicator

5 Minute Forex Scalping Robot Using 200EMA And Stochastic Indicator

$55.00

Please input your Account Name as registered with your MT4 broker

Description

The Forex Scalping Robot uses the following indicators in the strategy:

Stochastic Indicator (default settings)
200 Exponential Moving Average applied to the close

Timeframes: 5mins

Currency Pairs: EURSUD, GBPUSD, USDJPY, USDCHF, AUDUSD

Buying Rules

  1. Price must be moving above the 200 EMA
  2. Stochastic lines have gone below 20 line and now MUST BE POINTING UP.
  3. When the above two conditions are met the EA opens a Buy trade and places a stop loss of X Pips (default: 20 pips)
  4. EA also sets the Take profit to Y Pips (default: 20 Pips)

 

Selling Rules

  1. Price must be moving below the 200 EMA
  2. Stochastic lines have gone above 80 line and now MUST BE POINTING DOWN.
  3. When the above two conditions are met the EA opens a Sell trade and places a stop loss of X Pips (default: 20 pips)
  4. EA also sets the Take profit to Y Pips (default: 20 Pips)

 

The price for this Forex Scalping EA is for  lifetime License Linked to Client Name. You can use it on as many systems and brokers till the time it is you who is using the EA.

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