The
“100 Pips Daily Scalper” is trading indicator for scalping and
day trading suitable fortrading at 5 min time frame. The indicator
can be profitable if used correctly and following the the main
trend.
Sessions:
London and new York
Identify
a current trend. (Remember? Trend is your friend?)
-
Ignore all signals against a current trend!
Example:
Trend
is up – but you get a “sell” signal ( ignore it!). Wait for a
“buy” signal to enter. This is the most important rule #1, if
you follow it – you will have no losing trades at all.
-
The most important rule #2: do not trade and do not use the indicator
on
a sideways trend. This is a “MUST follow” rule#2.
Buy
occur when the 100 Pips Daily Scalper changes color from red to blue.
Sell
occur when the 100 Pips Daily Scalper changes color from blue to
red.
Stop
Loss
Place
your stop loss according to the popup alert number.It is a previous
bar high or low + extra number of pips. Adjust the SL extra number of
pips in the indicator inputs.
Exit
trades when the 100 Pips Daily Scalper issues the opposite
trading signal. This ensures that you trade with maximum profits and
right before the market reverses.Another exit mechanism which is
highly effective is to exit near strong support or resistance levels.
Installation
indicator
Unzip
the 100pipsdailyscalper.zip :
The
indicator file is: 100pipsdailyscalper5.ex4 (for 5 digits broker);
100pipsdailyscalper4.ex4
(for 4 digits broker)
Step
1: Copy the indicator file EX4 into your /experts/indicators/ folder.
This
folder is a folder of the MetaTrader trading platform.
Step
2: Open the MetaTrader4 platform, and click on View -> Navigator.
Step
3: A window titled 'Navigator' should appear. Click on Custom
Indicators.
Step
4: You should see the 100 Pips Daily Scalper in the Custom 0
Indicators folder. Double click on the 100 Pips Daily Scalper and
click OK to load it onto your chart.
In
pictures examples of trading with 100 Pips Daily Scalper.
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