Magnum Scalping Indicator is an indicator system that gives easy-to-use buy/sell signals. This set-up will suit Scalpers and Binary Traders. It uses trend lines, support and resistance, and other complex strategies.
This indicator is created for the MT4 platform only. For Scalping, it works great on M1 or M5 timeframes. But you can use on any. If used for binary options, a 1-Minute chart is desirable for 15-minute expiration or a 5-Minute chart for 30-minute expiration.
Magnum Scalping system can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
You can set the Magnum Scalping Indicator to send you a signal alert via Mobile Notification, or platform pop-ups. This is helpful as it means you do not need to stare at the charts all day waiting for signals to appear, and you can monitor multiple charts all at once.
Magnum Scalping Indicator System can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minutes through to the 1-Hour charts.
For Scalping, it works great on M1 or M5 timeframes. But you can use it on any.
Buy signal or Call
- Price broke through the lower border of the channel
- The level of support from the red point line was formed
- There was a green arrow pointing up
Sell signal or Put
- Price broke through the upper border of the channel
- The level of support from the blue points was formed
- There was a red arrow pointing down
If Magnum Scalping is used for Binary Options
- 1-Minute chart for 15-minute expiration.
- 5-Minute chart for 30-minute expiration.