M1 EASY SCALPER is a scalping indicator particularly designed for the 1-minute (M1) timeframe, appropriate with any foreign money pair or instrument out there in your MT4 terminal. After all, it can be used on some other timeframe, but it surely works exceptionally properly on M1 (which is difficult!) for scalping. Be aware: if you are going to scalp, be sure to have an account appropriate for it. Don’t use Cent or Normal accounts as they’ve an excessive amount of unfold! (use ECN, RAW, or Zero Unfold accounts)
Robustness and Simplicity
Due to the variety of indicators it incorporates, M1 EASY SCALPER is an extremely sturdy software (you may test this within the indicator’s settings). But, it maintains a key precept: being ultra-clear and straightforward to make use of. You solely must give attention to a single shade level.
How Does It Work?
The indicator makes use of color-coded factors to sign buying and selling alternatives:
- Inexperienced factors: Purchase alerts.
- Purple factors: Promote alerts.
- Wait interval: When there are not any seen factors, the market is in transition.
Your activity is easy:
- Watch for a brand new “wait interval” to begin (that means, there are not any seen coloured factors).
- As quickly as a inexperienced level seems, open a purchase place (you’ll get a BUY alert).
- If a pink level seems, open a promote place (you’ll get a SELL alert).
It couldn’t be simpler!
The Energy of Indicator Crosses with Clear Outcomes:
Behind this easy but highly effective indicator lies the mixture of a number of technical evaluation instruments:
- RSI (Relative Energy Index): Measures pattern energy and confirms overbought or oversold situations.
- CCI (Commodity Channel Index): Filters alerts based mostly on optimum ranges, figuring out the perfect entry alternatives.
- EMA (Exponential Transferring Common) and its angle: Evaluates pattern route. A constructive angle suggests an uptrend, whereas a damaging angle signifies a downtrend.
- ADX (Common Directional Index): Filters alerts based mostly on pattern energy, avoiding trades in flat or non-trending markets.
Customizable Alerts
The indicator consists of an alert system you can configure in keeping with your preferences:
- Obtain notifications for purchase, promote, or exit (it is going to provide you with a warning when it’s worthwhile to exit a place) alerts.
- Alerts are triggered solely as soon as, when the indicator strikes from the “wait interval” to a inexperienced or pink level.
- Alerts will seem on this format: EURUSD – M1 EASY SCALPER – SELL or EURUSD – M1 EASY SCALPER – BUY
I recommend opening all of the pairs you want to monitor on M1 and ready for the alerts to begin sounding. They are going to notify you when to open a place! There is not any want to watch for shade adjustments after the wait interval – you’ll obtain an audible alert and a pop-up window with the pair’s data and the kind of commerce to make.
When you’ve got any questions, be happy to contact!
