CTS-SCalper 2009 EA

[Guest dave_rimmer]

Found this 'takeprofit scalper' EA it monitors all eur/usd trades, must be put on eur/usd M1

Educated version enclosed but need some instructions if someone can work out what it does with its trading strategy

 

http://depositfiles.com/files/wpcpc2vf5

[ryaz]

Re: CTS-SCalper 2009 EA

 

Cheers mate. Its strategy goes like this:

BUY when all conditions are true

1) Close>EMA H1(4bars)

2) last candle pattern is piercing line or morning star or three outside up or three white soldiers or concealing baby

3) Williams%Range H1(14hars) <-10

4) Previous open order is more than 3 min away

SELL the opposite

regards

[⭐ fxknight]

Re: CTS-SCalper 2009 EA

 

This is a "Enter and Pray" type of EA. After the entry if the trade does not resolve in its favor it holds it even for months. Staying away from this is the best course.