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Forex EA: Strategies for scalping? Let’s start!

16 May 2017,

I remembered the scalping strategy we had put together with my friend a few years ago. Its results are still very good and it works very well in the long term perspective. Take a look at our backtest (we have created it in 2013):

In case you wouldn’t know it, we can consider as scalping trading strategies on small timeframes with relatively short trades. The advantage is potentially high profitability; the disadvantage is that it is sensitive to slippage and spreads. However, since I have a lot of questions for scalping from you I have made a goal for this year – to create a workflow for building scalping strategies. I have been dealing with this earlier, but before I have used other technologies then I am using today. And the whole process will be described in my articles, so you will see everything step by step, as in the “reality show” :).

Let’s go through the things we will focus on:

  • We will play with trading sessions. That means to limit our strategies to certain time zones (eg 8-16 hours)
  • We will focus more on cross pairs
  • We will look for anomalies in trading sessions (such as night sessions)
  • We will do many statistical tests

What will we use?

  • We will build our strategies in StrategyQuant
  • We will put them on a real account from Purple Trading, which I have founded for this purpose
  • We will use Dukascopy data that has a sufficiently long history

 

What is the first step?

At first we will build strategies in StrategyQuant and start testing them during different sessions. Check my articles and if you want to be informed about the new articles, give a like to our group on Facebook, where I share all my articles :).

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