The “Nice Price” Forex Strategy”

The “Nice Price” Forex Strategy”

Here is a simple code that I was curious to test.

It applies on EUR/USD, H1 timeframe (other pairs / timeframes should be profitable).

We go LONG if :

ADX50 > 10

DI+(50) > DI-(50)

low of the candle < Bollinger20(down) and close > Bollinger20(up)

SL : 60 pips

TP : 10 pips

We go SHORT if we meet the opposite conditions.

So it’s a scalping strategy. Test and improve !

Best regards,

 

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  1. Andres • 07/28/2016 #

    Always a great job, Doc.
    Thanks again for sharing!

  2. Jesús • 07/28/2016 #

    Thank you for sharing strategy and code. Simple and effective. Good job.

  3. Doctrading • 07/28/2016 #

    Thanks

  4. Tom Hoo • 07/28/2016 #

    Hi has anyone been implementing this.
    can anyone share with me the performance of this scalping strategy  so far.
    been trying to find a scalping strategy

  5. JakeDB • 07/28/2016 #

     Hi Doc,
    Firstly, thanks alot for this code. I have applied it to EUR/USD 3min frame & from 1 September to 15/10/2016 great results so far. I increased TP to 15 & got slightly better results over the same period. 
    My only question when looking through the results, the max profit accross all trades both short & long was $750  . But the loss of worst trade was $3,000. 
    I am an absolute beginner so i am not sure what the reason behind this but any comments would be appreciated. 
    Cheers JB

  6. JakeDB • 07/28/2016 #

    Answered my own question….Sorry about this question. 5 positions, take profit at 15, loss of 60 = 3000 & 750. 
    You have certainly taught me a few things so thankyou!

  7. maxxb • 07/28/2016 #

    sto facendo girare in demo questa strategia modificata a 10 minuti con stop e profit ottimizzati.. 
    non va male ma vorrei ottimizzare anche giorni e orari come posso fare?
    che codice devo scrivere ?
    resto in attesa grazie

  8. Manuel9z • 07/28/2016 #

    Hello, this strategy improves with the SL 30 and the TP 10. I have done backtesting and it works better. regards

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