Download scalping indicator "Scalping Monster"

[Helpme]

Download and test scalping indicators "Scalping Monster".
It also highlights potential price reversal points and displays the current trend direction with lines. We recommend using it on two timeframes simultaneously: M5 and H1.

The algorithm is simple:

Check the color of the line on the H1 timeframe.
Wait for a point of the same color to appear on the M5 timeframe.
Once the point appears, open an order.
Blue point: Buy.
Red point: Sell.
Take Profit: Set it to approximately ±20 points (depending on the currency pair and spread).
Stop Loss: Place it 50-70 points away from the price of the point, not the current price.

Important: The Stop Loss is set based on the price of the point, not the current market price.

Lot size: Use the smallest lot size to ensure that no more than 10-15% of your account balance is at risk per trade.

We recommend using this indicator during periods of high market volatility. If the market is in a sideways range, it’s better to avoid opening trades.

According to our observations, this strategy can generate up to 50% profit per day, depending on your skills and accurate analysis. The key to success lies in experience, the ability to understand the market correctly, and precise execution of trades based on signals.

 

[Polakandil]

Thank you for sharing the scalping indicator, it is good for traders who like to make trade simple just waiting signal to appear to place an order, however, I see a stop loss setup higher than the target profit, for I usually take at least a 1:1 risk-reward ratio when trade on FXOpen platform.