very accurate scalping indicator

very accurate scalping indicator

RULES

1. NO Trolls.
2. NO discussion of other non related systems.
3. NO discussion of commercial materials (Brokers, Paid Products, etc)
4. NO attacking and disrespecting other members.
5. You can add tweaks to the system, but NOT change the Main Concept!
6. Sharing other indicators not related will be ignored.

RULE BREAKERS WILL BE IGNORED WITHOUT NOTICE!


Timeframes
M1, M5 or M15


Buy Rules
1. Daily candle is Green
2. RSI is above 50
3. MFI is above 50
4. Uptrend (7 EMA is above 20 EMA)
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from highest swing
7. Wait for price to break above trendline and bar is closed
8. Set your SL/TP (From 10 to 30pips)

Sell Rules
1. Daily candle is Red
2. RSI Filter is below 50
3. MFI Meter is below 50
4. Downtrend(7 EMA is below 20 EMA)
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from lowest swing
7. Wait for price to break below trendline and bar is closed
8. Set your SL/TP (From 10 to 30pips)

Main Concept

Platform: Metatrader4

Currency pairs: Any pairs, indices and metals

Trading Time: Around the clock

Recommended broker: icmarkets, XM

How to install MT4 indicator?

1. On the desktop, double-click to open the MT4 trading platform software you installed.

2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder

3. Copy the metrics you need to install to the Indicators folder

4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.

5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window