TrueScalper_Ron_MT4_v112

Author: Jacob Yego
Price Data Components
Orders Execution
Checks for the total of open ordersIt automatically opens orders when conditions are reachedIt Closes Orders by itself
Indicators Used
Moving average indicatorRelative strength index
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Profitability Reports

AUD/USD Oct 2024 - Jan 2025
51.00 %
Total Trades 664
Won Trades 0
Lost trades 0
Win Rate 0.00 %
Expected payoff -2.16
Gross Profit 1491.60
Gross Loss -2925.00
Total Net Profit -1433.40
-100%
-50%
0%
50%
100%
GBP/USD Oct 2024 - Jan 2025
63.00 %
Total Trades 1042
Won Trades 558
Lost trades 484
Win Rate 0.54 %
Expected payoff -1.70
Gross Profit 3069.00
Gross Loss -4840.00
Total Net Profit -1771.00
-100%
-50%
0%
50%
100%
TrueScalper_Ron_MT4_v112
/*-----------------------------+
|			       |
| Shared by www.Aptrafx.com    |
|			       |
+------------------------------*/

//+------------------------------------+
//| TRUE_SCALPER                       |
//+------------------------------------+
//
// This is the one used successfully by Jean-François 
//
// Designed for M5 but I attached it to M15 and it worked fine.
//	long if EMA3>EMA7:::EMA3<EMA7<0 
// Code Adapted from  Scalper EAs to use EMA and RSI and multiple currencies


// v4 - Fixed a couple of ELSE statements that should NOT
//      have been there

// Spent a LOT of time debugging the backtester

// v11- added sell-&-hedge
//      added abandon-after-#-of-ticks
//      added init() section to load optimized symbol info


/*
Theory of operation

Based on MA3 of Bar[1],  MA7 of Bar[1]  and  RSI of Bar[2]

ENTRY LONG When:
MA3(Bar[1]) is greater than MA7(Bar[1]) by at least 1 pip
RSI(2-period Bar[2]) greater than 50

ENTRY SHORT When:
MA3(Bar[1]) is less than than MA7(Bar[1]) by at least 1 pip
RSI(2-period Bar[2]) less than 50

EXIT #1:
# of ticks to abandon trade is exceeded, 
trade is closed, and another is opened in the opposite direction

EXIT #2
TakeProfit (optimized) or Stoploss(optimized)

MONEY MANAGEMENT
-none-

RISK MANAGEMENT
TP/SL ~ .5  that is, SL is 2X TP mitigated by reversing hedge

TIME FRAME
15 MINUTES
also works well at 1 HOUR


*/


// variables declared here are GLOBAL in scope

#property copyright "Jacob Yego"
#property link      "http://www.PointForex.com/"
// MT4 conversion and some improvements by Ron Thompson

// generic user input
extern double Lots=0.1;
extern int    TakeProfit=44;
extern int    StopLoss=90;
extern int    RSIPos=50;
extern int    RSINeg=50;
extern int    Slippage=2;
extern int    abandon=101;


// Bar handling
datetime bartime=0;
int      bartick=0;



//+------------------------------------+
//| EA load code                       |
//+------------------------------------+

int init()
  {
   // set up the symbol optimizations
   if (Symbol()=="GBPUSD")  {TakeProfit=55; StopLoss=100; abandon=69;}
  }


//+------------------------------------+
//| EA unload code                     |
//+------------------------------------+

int deinit()
  {
  }



//+------------------------------------+
//| EA main code                       |
//+------------------------------------+

int start()
  {

   double p=Point();
   int      cnt=0;

   int      OrdersPerSymbol=0;

   double  bullMA3=0;
   double  bearMA7=0;
   double  RSI=0;
   bool    RSIPOS=0;
   bool    RSINEG=0;
   
   double TP;
   double SL;


   // Error checking & bar counting
   if(AccountFreeMargin()<(1000*Lots))        {Print("-----NO MONEY"); return(0);}
   if(Bars<100)                               {Print("-----NO BARS "); return(0);}
   if(bartime!=Time[0])                       {bartime=Time[0]; bartick++;       }

   // 3-period moving average on Bar[1]
   bullMA3=iMA(Symbol(),0,3,0,MODE_EMA,PRICE_CLOSE,1);
   // 7-period moving average on Bar[1]
   bearMA7=iMA(Symbol(),0,7,0,MODE_EMA,PRICE_CLOSE,1);
   
   // 2-period moving average on Bar[2]
   RSI=iRSI(Symbol(),0,2,PRICE_CLOSE,2);

   // Determine what polarity RSI is in
   if(RSI>RSIPos) {RSIPOS=true;  RSINEG=false;}
   if(RSI<RSINeg) {RSIPOS=false; RSINEG=true;}


   // count the open orders for this symbol 
   OrdersPerSymbol=0;
   for(cnt=OrdersTotal();cnt>=0;cnt--)
     {
      OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
      if( OrderSymbol()==Symbol() )
        {
         OrdersPerSymbol++;
        }
     }


   // place new order based on direction
   // only if no other orders are open on this Symbol 
   if(OrdersPerSymbol==0)
     {
      //ENTRY Ask(buy, long) 
      if(bullMA3>(bearMA7+p) && RSINEG)
		  {
		   SL=Ask-(StopLoss*p);
		   TP=Ask+(TakeProfit*p);
         OrderSend(Symbol(),OP_BUY,Lots,Ask,Slippage,SL,TP,"BUY  "+CurTime(),0,0,White);
         bartick=0;
        }
        
      //ENTRY Bid (sell, short)
      if(bullMA3<(bearMA7-p) && RSIPOS)
        {
		   SL=Bid+(StopLoss*p);
		   TP=Bid-(TakeProfit*p);
         OrderSend(Symbol(),OP_SELL,Lots,Bid,Slippage,SL,TP,"SELL "+CurTime(),0,0,Red);
         bartick=0;
        }
     } //if


   // have we run out of ticks for average time-to-profit?
   if(OrdersPerSymbol==1 && bartick==abandon)
     {

      if(OrderType()==OP_BUY)
        {
         // close losing BUY order to avoid more loss
         OrderClose(OrderTicket(),Lots,Bid,Slippage,White);
         // setup and trade new order 
         SL=Bid+(StopLoss*p);
         TP=Bid-(TakeProfit*p);
         OrderSend(Symbol(),OP_SELL,Lots,Bid,Slippage,SL,TP,"SELL "+CurTime(),0,0,Red);
         // bump bartick to prevent multiple buys
         bartick++;
        } // if BUY

      if(OrderType()==OP_SELL)
        {
         // close losing SELL order to avoid more loss
         OrderClose(OrderTicket(),Lots,Ask,Slippage,Red);
         // setup and trade new order 
         SL=Ask-(StopLoss*p);
         TP=Ask+(TakeProfit*p);
         OrderSend(Symbol(),OP_BUY,Lots,Ask,Slippage,SL,TP,"BUY  "+CurTime(),0,0,White);
         // bump bartick to prevent multiple buys
         bartick++;
        } //if SELL

     } //if OrdersPerSymbol

   return(0);
  } // start()




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