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I believe this is a scalper with big potential but needs some mods


forexmacc

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Hello guys,

This is very interesting short term scalper based on last ticks direction. I believe with the right settings it could be very profitable. I'm not sure but I think it's not ECN compatible so please if anybody's interested please modify it. The main problem is optimisation because it's not backtestable because its trading logic is based on ticks only(not bars) and MT4 tester I believe just emulates ticks and in backtest this EA will show just magic results but forward test shows something completely different. So optimisation could be done only by forward testing it and it will be subjective. The other problem is that it needs strong moves but when the market is flat it will lose so we could think of some trend filter to avoid losses.

So it's a short term trend following scalper which could easily work 24/7 which is the part I like most.

 

And here it is: http://www.4shared.com/file/MrZ4rHqq/Tick_scalper.html

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