Precision Trend Scalping Indicator is a trend momentum trading system based on smoothed Heiken Ashi by trend power momentum indicator. This set-up will best suit Scalpers.
In the system, there is also a direction indicator that recalculates the Viper binary. In reality, this trading system is suitable for all time frames but for doing scalping and day trading we recommend the session in London and New York. For this type of Trading, we also recommend low time frames.
This Forex Scalping Indicator 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 MT4 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.
Precision Trend Scalping Indicator 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 4-Hour charts.
Precision Trend Scalping Indicator Trading rules
For Scalping, it works great on M5 or M15 timeframes. However, you can also extend this onto the one-hour charts if you wish. We also recommend altering(adding or removing) indicators to your need and experimenting with new strategies.
- Binary viper arrow Green color.
- Stochastic colored candles Blue color.
- Trend Power bars Black color or (Grey optional aggressive trading).
- Scalper MA Blue color.
- Binary viper arrow Red color.
- Stochastic candles Red color.
- Trend Power bars Red color or (Brown optional aggressive trading).
- Scalper MA Red color.
Stoploss and TakeProfit
At predetermined pip targets of your choosing or on support and resistance level. You can either use a fixed risk-to-reward ratio for your take profit level or simply trail your stop loss of a few pips below the blue dots that are plotted. This is purely subjective and depends on how the markets are behaving.
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