TRX MT4 Scalping is a Complete Scalping System for MT4 that gives NON-Repaint buy/sell signals. It’s designed to provide an easy-to-use trading platform for both beginner and experienced traders. This software is designed to help users make informed decisions when trading in the forex market. It comes with ON-SCREEN dashboards that show you various helpful information.
One of the common issues that many traders face with indicators is repainting, which can lead to misleading information. However, with the MT4TRX, you’re guaranteed that there is No Repainting. Whether it’s in real-time or any other condition, what you see is what you get, ensuring consistent reliability in your trading decisions.
A key aspect of maximizing profits and minimizing losses in forex trading is the ability to identify trend reversals. The TRX indicator excels in this. Providing accurate insights into potential reversals allows traders to adjust their strategies accordingly, ensuring they are always a step ahead.
Whether you’re looking to make quick profits with M1/M5 timeframes or prefer the more standard M15 day trading, the TRX Scalper has got you covered. This adaptability ensures that traders of all types can leverage the indicator to fit their unique trading styles and preferences.
It has three various templates adapted to different trading styles and market conditions.
This Scalping System is entirely manual. The indicators produce the signals, but any decisions to enter the market and to set protection stops or profitable exit stops will depend on the trader. Therefore, the trader must be familiar with the principles of risk and reward and use initial support and resistance areas to set entries and exits.
MT4TRX 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.
Main Chart of the TRX MT4 Scalping
An all-in-one indicator that provides at a glance a lot of information that would normally require many charts and indicators and general screen clutter.
This Scalping System is very simple and straightforward. Even a complete beginner can start trading and making profits with this system. You can set it to send you a signal alert via Mobile Notification, platform pop-ups, and Email. 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 simultaneously.
MT4 Scalping 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-minute through to the 1-month charts.
It is straightforward to use even by complete forex beginners. You don’t have to be a professional to use it. Just load one of 3 different Templates to your chart.
- TRXScalper1 – is the fastest and most aggressive template. It provides faster signals with increased risk. This mode is ideal for fast day trading or scalping.
- TRXScalper2 – is the standard, balanced template. Moderate risk and moderate signal speed. This mode is ideal for typical day trading/swing trading.
- TRXScalper3 – provides the most conservative signals. The trend changes slowly and allows for catching the more significant moves on moderate / higher TFs.
Trading rules for this Scalping System
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
When the TRX Scalper Trend shows an Up(Green) trend on the next two higher TimeFrames, the current market trend is bullish. Then, Green marks serve as buy signals and suggest that it would be beneficial to open a buy position.
When the TRX Scalper Trend shows Down(Red) trend on the next two higher TimeFrames, the current market trend is bearish. These Red marks serve as sell signals and suggest that it would be beneficial to open a sell position.
Any positions with this Forex Trading Indicator can be liquidated using a fixed profit target. Alternatively, the profit target should be set using previous support and resistance or high-low level as a reference point. You may also exit the trade manually if the conditions of the system reverse (the opposite signal appears).
It is recommended to use a stop loss. Set SL below the entry price using previous support and resistance as a reference point Or on the previous high/low swing. Using fixed stop loss settings without any reference points is not advocated.