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