A NON-Repaint Indicator System for MT4 that provides simple buy/sell signals is called the Forex Scanner Pro Indicator. Both day trading and scalping are suitable for this setup. Only the MT4 platform is intended for this indicator’s creation. On both the M5 and Daily periods, it performs superbly. However, you can apply it to any timeframe.
This trend analysis tool creates signals for trend following that are filtered by trend indicators.
Trend Finder Indicator System Includes:
- Pro Forex Scanner
- Top and bottom of FXTP
- Trading Tools Pro Trend
- Third Trend Indicator
This Forex Scanner Indicator can provide trading signals that you can use as-is or further filter using additional chart analysis, which is advised. Although this strategy can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account first until you are reliable and self-assured enough to trade in real time.
The Forex Scanner Pro Indicator can be configured to send you a signal warning. This is advantageous since it allows you to keep an eye on numerous charts at once rather than having to spend the entire day waiting for signals to come on the charts.
Any Forex currency pair as well as other assets, including commodities, digital currencies, binary options, stock markets, indices, etc., can be traded using the Forex Scanner Trading System. Additionally, you may use it on any time frame that works best for you, from 5-minute charts to 4-hour charts.
trading Rules
Open the H1 chart to determine the market’s direction, then open a chart with a lower time frame (5M or 15M), which only trades in the H1 chart’s direction.
Buy
- Pro Forex Scanner Upward trend and green arrow.
- Green line on the bottom of the FXTP Top and Bottom Indicator (optional).
- Histogram for the trend in Forex Scanners Pro is above zero.
- 3 Green bars or more in the Trend Indicator.
- on the swing before, the initial stop loss.
Sell
- Pro Forex Scanner Upward trend and red arrow.
- Red line on the top of the FXTP top and bottom (optional).
- The trend histogram for Forex Scanners Pro is below zero.
- 3 Trend Indicator Red bars, at least 3.
- on the swing before, the initial stop loss.