Description

This is a 5 Minute Forex Scalping System Robot With Stochastic And Supertrend Indicator  which is indeed also suitable for beginners.

It is a very simple scalping EA /Forex Robot which uses only a few trading rules to enter and exit trades.

Indicators used in the EA:

SuperTrend Indicator MT4
Stochastic Oscillator (%K period: 7, %D period:3)

Best timeframe: 5 minute charts

Trading Sessions: UK and US

Currency Pairs: EURUSD, GBPUSD, GBPJPY, EURJPY, AUDUSD, USDJPY, USDCHF

Buying Rules

1. Price must be trading above the supertrend line.
2. Check to see if stochastic touches the 20 level or goes below it.
3. If the above two conditions are met a Buy order is opened.
4. The EA then places a stop loss X Pips (default 1 pip) below the supertrend line.
5. Take Profit is set at Y Pips (default 10 pips).

Selling Rules

1. Price must be trading below the supertrend line.
2. Check to see if stochastic touches the 80 level or goes above it.
3. If the above two conditions are met a Sell order is opened.
4. The  EA then places a stop loss X Pips (default 1 pip) above the supertrend line.
5. Take Profit is set at Y Pips (default 10 pips).

The price for this EA is $25 with  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.