Five PIP

Five PIP - Scalping bot for USDJPY, EURUSD and GBPUSD

As the name suggests this algorithm is a scalping bot designed to trade USDJPY, EURUSD and GBPUSD by identifying and capitalizing on strong price impulses. It continuously monitors market data for rapid price movements and significant volume spikes that indicate institutional activity or momentum-driven breakouts.

Entry conditions are governed by strict impulse criteria, while exit strategies include stop-loss levels, trailing stops, and time-based exits to manage risk and lock in gains. The algorithm avoids trading in low-volatility environments and filters out false signals using a combination of volatility filter and time-of-day constraint.

This algorithm was optimized using 100% tick data and it was taken through rigors tests like Monte Carlo simulations and it doesn't use any dangerous methods like grid, martingale or averaging. Even commissions were taken into consideration during testing as can be seen by the attached screenshots. 

• It trades USDJPY, EURUSD and GBPUSD
  
• Every trade is protected by a StopLoss
  
• A Trail Stop is used as an exit strategy
  
• It has a function for detecting slippage and only trades when slippage is minimized