Scalping Strategy With Profit Indicator

Submit by Gemb’s Trader (24/03/2017)

Profit Indicator is an MT4 forex indicator based on the OSMA. This indicator can used for scalping forex strategy and trend following. You can add other custom MT4 indicator as a filter. This indicator is suitable for scalping on a time frame M5-M15, and recommended major currency pairs.

Time Frame : M5 – M15

Currency Pair : Any (Recommended major pair)

Metatrader Indicators :
Profit indicator
SimpleBars matf (used as a filter and set at H1 or H4)

Template :
Profit Indicator Default.tpl
Profit Indicator With Filter.tpl

Sreenshot Profit Indicator Default :

Profit Indicator Default

Profit Indicator Default

Sreenshot Profit Indicator With Filter (USDCHF) :

Profit Indicator Using Filter USDCHF

Profit Indicator With Filter

Sreenshot Profit Indicator With Filter (EURAUD) :

Profit Indicator Using Filter EURAUD

Profit Indicator With Filter

Setup Filter Indicator SimpleBars matf :

Filter Indicator

Setup Filter Indicator

If you want to change the setting of filter indicator (SimpleBars matf), you just change the Time Frame like image above

Trading Rules Scalping Strategy With Profit Indicator :
Buy Entry :
1. Profit indicator green line above zero level
2. If using a filter, SimpleBars matf indicator with the green color

Sell Entry :
1. Profit indicator red line below zero level
2. If using a filter, SimpleBars matf indicator with the red color

Exit position at the opposite signal and place initial stop loss on the previous high/low swing

Free Download Scalping Strategy With Profit Indicator :

 

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