An alternative scalping system that captures the natural harmonic rhythm of price action on 1-minute and 5-minute forex charts.
Most conventional indicators suffer from lag and over-optimization. The Echo Resonance Scalper uses a proprietary combination of a custom equilibrium line (Echo Line) and a normalized momentum oscillator (Resonance Oscillator) to detect when price is moving in harmonic alignment with its recent rhythm.
It is particularly effective during London and New York sessions on liquid major pairs and avoids the common pitfalls of overused oscillators.
Placed below recent swing low (long) or above swing high (short). Provides dynamic, volatility-adjusted protection.
Initial target at twice the risk distance. Optional ATR-based trailing stop can be enabled to capture extended moves.
Lot size is automatically calculated so that the distance to stop loss represents exactly 1% of current equity. Strict single-position rule.
| Parameter | Default Value | Description |
|---|---|---|
| EchoPeriod | 21 | Period for the Echo Line (LWMA of median price) |
| ResonancePeriod | 14 | Lookback for Resonance Oscillator momentum calculation |
| HarmonyThreshold | 0.50 | Minimum |Resonance| value required to validate a signal |
| ATRPeriod | 14 | Period for Average True Range used in stops and sizing |
| SL_ATR_Multiplier | 1.50 | Stop loss distance expressed in ATR multiples |
| TP_RR | 2.00 | Reward-to-risk ratio for take profit target |
| RiskPercent | 1.0 | Percentage of account equity risked per participation |
| MagicNumber | 778899 | Unique identifier for EA-managed positions |
All parameters are exposed in the EA inputs for easy optimization and adaptation to different instruments and market regimes.
Chinese versions of the visual guides are included in the downloadable package.
Trading foreign exchange and other leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you.
Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you could sustain a loss of some or all of your initial investment. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts.
The Echo Resonance Scalper and all accompanying materials are provided strictly for educational and informational purposes. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown in backtests or examples. Always perform your own due diligence and test thoroughly on a demo account before using any automated system on a live account.