Free Scalping Indicator is designed for scalping on major currency pairs. According to the developers, the indicator is not repaint, and its profitability is 60-80%. Free Scalping Indicator recommended for use on the timeframes M1 – M15.
Characteristics of Free Scalping Indicator
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Platform: Metatrader4
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Currency pairs: Major currency pairs
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Trading Time: Around the clock
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Timeframe: M1 – M15
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Recommended broker: Roboforex, XM, Forex4you
Rules of trade by Free Scalping Indicator
BUY signal for the considered crossing the zero line histogram indicator of bottom-up and change its color from red to yellow.
SELL signal for the considered crossing the zero line histogram from the top down and change the color histogram from yellow to red:
Stop Loss developers recommend installing at a distance of five points from the previous candle.
Exit is performed when an opposite signal or when reaching resistance and support levels.
It is not recommended to use Free Scalping Indicator during important macroeconomic releases.
In my opinion, Free Scalping Indicator signals require additional filtering, which will increase its effectiveness.
In the archive Free_Scalping_Indicator.rar:
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Free Scalping Indicator.ex4
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Free Scalping Indicator.tpl
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Free Scalping Indicator Manual.pdf
