Stay Informed!

newsletter

Be the First to benefit from the Best Professional Trading Tools for Free! Sign up for Free today!

Sunday, 01 December 2019 13:03

Premium FX Scalper

This MT4 scalping tool uses some of the most innovative scalping techniques for generating buy and sell signals. The algorithm behind this powerful indicator software enables it to predict price movements in advance, thus allowing the end user to take full advantage of its early highly profitable signals. Premium FX Scalper has also been optimized to ignore most of the flat market movements, which makes it a very reliable trading tool both for novice and highly experienced traders. Although, it can be used on all currency pairs (GBP/USD and EUR/USD work best) in M1 and M5 time frames. The best trading scenarios using this MT4 indicator can offer a winning rate of 75-80 %.

 

Premium FX Scalper Overview:

 

  Premium FX Scalper Histogram:

It is displayed under the trading chart. It consists of green and red signal lines. We usually enter on a change of color.

  • Red signal lines indicate a Sell signal: meaning if a red line appeared after a series of green lines → we enter with sell.
    Green signal lines indicate a Buy signal: meaning if a green line appeared after a series of red lines → we enter with buy.

It might look very simple in terms of design; however the major work has been put into the inner trading algorithms themselves. These algorithms work in combination to produce high quality laser accurate signals on your charts.

 

  Informer System:

Premium FX Scalper provides also an Informer System that has been designed and added to make your trading more pleasant and convenient.It shows:

  •   The pair/currency pair ↔ current pair.
  •   Trend power.
  •   Trend direction.
  •   The time left until the new candle starts.
  •   And the current time.

 

  Premium FX Scalper On the Chart Example:

Premium FX Scalper Overview Example: On the Chart

 

  Signal Popup Alert Window:

Premium FX Scalper also generates a “Sound Pop up Alert” to confirm every signal. This Popup Window shows the following informations:

  •     Buy/Sell signal at price ↔ current entry price.
    TakeProfit on ↔ take profit level.
    StopLoss on ↔ stop loss level.
        X minutes chart ↔ timeframe.

  • It's that simple. Scalping and trading in general doesn't have to be difficult!

 

  Signal Popup Alert Window Example:

Premium FX Scalper Signal Popup Alert Window

 

Installation of Premium FX Scalper on MT4 platform:

 

IMPORTANT: Premium FX Scalper is designed to give you best results and to work properly only with the latest version of MT4 platform. Make sure to update your MT4 at least to the build 600 version.

  Step 1:

  • Open your MT4 platform.
    Click on File then Open Data Folder. Here you will find a folder called MQL4, this is the new “home” for all your .ex4 or .mq4 files you have.
    Open folder MQL4. Here you will find Indicators folder. Copy your Premium FX Scalper Indicator file "PremiumFXScalper_build600.ex4" into MQL4/Indicators folder. Do this by right clicking on the file and clicking “copy” and then “paste”.
    Restart your MT4.

 

Step 2:

Open the MetaTrader® platform, and click on: → View Navigator. You can also press CTRL+N.

Premium FX Scalper Installation Instructions | Open the MetaTrader

 

 Step 3:

A window titled 'Navigator' will appear. Next, click on 'Indicators'.

Premium FX Scalper Installation Instructions | Open Indicators window

 

 Step 4:

You should see the PremiumFXScalper_build600 file in the Indicators folder. Double click on it and click OK to load it onto your chart.

 

Premium FX Scalper Parameter Settings & Recommendations:

 

Premium FX Scalper is a very flexible system. Because it can be used on so many currency pairs and times frames the settings might need to be adjusted for the particular combination being traded. This may easily be done by adjusting (or tweaking) the settings to match the current market conditions.

Try observing the signals with different settings in the history by scrolling back on the chart and seeing what results they would have generated.

Adjusting the settings will also determine the number of Entry signals that appear. This, along with selecting time frames, gives the trader the flexibility to scalp on any pair with the best possible outcome.

 

  Premium FX Scalper Parameter Settings:

Premium FX Scalper Parameter Settings

 

  PERIOD: Major parameter (25 by default).

  • Increasing the number will result in filtering more false signals but decreasing the number of entry signals and the indicator’s speed ↔ safe mode of trading!
    Reducing the value of this parameter increases the total number of entry signals, including false ones, and the indicator’s speed ↔ aggressive mode of trading!

If you prefer a more aggressive style of trading with more signals (sometimes results in more false signals as well), you can change this input to values between 12 and24. 12 works pretty good.

 

  CORNER: is an input which can change the position of the informer or hide it (located in upper left corner by default).

  • 0 ↔ Upper left corner.
  • 1 ↔ Upper right corner.
  • 2 ↔ Bottom left corner.
  • 3 ↔ Bottom right corner.
  • 4 ↔ Hide the informer.

 

  SL_add_pips:

Is a number of extra pips to be added to a logical Stop loss (100 equal 10 pips for 5-digit brokers).

 

  TP_distance_pips:

Is a number of extra pips to be added to a logical Take profit.

 

  SHIFT: shift indicator horizontally.

  • A positive value shifts to the right.
  • A negative value shifts to the left.
  • 1 unit = Shift the width of one column.

 

  UseAlerts: is the sound pop up alert.

It can be enabled/disabled by selecting true/false values.

 

  EmailAlerts: is a built-in EMAIL alert.

  • It can be enabled/disabled from the “inputs”.
  • To make it work all you have to do is enable email alert at your Metatrader4 “option”.
  • Don’t forget to enter your email data. Email setup can be done in: Tools → Options → Email. See the example below:

Premium FX Scalper EMAIL alert setup

 

We recommend not tweaking the inputs, unless you know what you are doing. It's a lot better if you use system with default values at all times. The default values are optimal.

 

  Important News Releases.

Make sure to keep an eye on news releases calendar and never trade near any major news or events!

Important economic news reports are usually released at the same well known time on the regular basis. You can find the detailed Economic Calendar here.

 

  Treat your trading like a business, not like a slot machine.

Understand the system by trading on a demo/simulated account first. The necessary trading skills come with practice.

 

How to use Premium FX Scalper Indicator for Trading:

 

BUY Entry Signal

  Buy Signal Rules:

  Open a long order:

  • The Informer System shows an Uptrend direction with at least 65% of trend power.
    Premium FX Scalper Histogram shows Green lines ↔ It indicates that the price is moving upwards.
    Enter the market on the open of the very next bar.
       Premium FX Scalper also generates a Sound/Pop up Alert to confirm Buy Entry signal.
       Initial protective stop loss should ALWAYS be entered for every trade no matter what.

  Exit buy trade → Two options:

  • Stop Loss and Take Profit levels will be calculated and printed in the popup alert Automatically → Exit the trade once the take profit or stop loss level has been hit.
  • When the indicator changes its signal lines color → it means that the trend reverses, so this can be used as a signal for an exit.

  Premium FX Scalper Buy Signal Rules Example:

Premium FX Scalper Buy Signal Rules Example

 

 

SELL entry Signal

  Sell Signal Rules:

  Open a short order:

  • The Informer System shows a Downtrend direction with at least 65% of trend power.
    Premium FX Scalper Histogram shows Red lines → It indicates that the price is moving downwards.
    Enter the market on the open of the very next bar.
        Premium FX Scalper also generates a Sound/Pop up Alert to confirm Sell Entry signal.
        Initial protective stop loss should ALWAYS be entered for every trade no matter what.

  Exit sell trade → Two options:

  • Stop Loss and Take Profit levels will be calculated and printed in the popup alert Automatically → Exit the trade once the take profit or stop loss level has been hit.
    When the indicator changes its signal lines color → it means that the trend reverses, so this can be used as a signal for an exit.

  Premium FX Scalper Sell Signal Rules Example:

Premium FX Scalper Sell Signal Rules Example

 

  Avoiding bad trades:

If you see that the indicator shows almost even signal lines, as shown on the screenshot below, this is a signal that the market is FLAT.

Premium FX Scalper when the Market is Flat

It's important to avoid trading during such periods and it's also recommended to exit any current trades if the indicator shows flat.

 

mt4 icon h2 Free Download:

 

Premium FX Scalper Metatrader4 Indicator| 28.64 Ko| 04/12/2019, 02:31

 

Last modified on Wednesday, 04 December 2019 02:43
Add a Comment!“We encourage you to join the conversation! If you have any questions, ideas, or thoughts related to this article, Please Leave a Comment Below!
 

MORE TRADING TOOLS

Best Scalping MT4 Indicator
Jul 05, 2023 1762

Best Scalping MT4 Indicator

The “Best Scalping Forex Indicator” is one of the best Forex MT4 indicators for scalping that you can use to improve your trading performance and results. It is a simple to use trend indicator that… ⤜More⤏
Accelerated Awesome System
Oct 23, 2020 9793 1

Accelerated Awesome System

Accelerated Awesome System is a trend following Forex Trading System. It is a very reliable Metatrader 4 (MT4) Trading Tool and it has the potential to generate a good profit if you are willing to… ⤜More⤏
Forex Octopus System
Dec 17, 2019 10476

Forex Octopus System

This Forex Trading System is extremely useful tool for all traders who spend all their time trading on Forex. When professional traders will appreciate the exactitude and profitability of this… ⤜More⤏
Free Scalping MT4 Indicator
Jul 05, 2023 1354

Free Scalping MT4 Indicator

Unlocking the potential for high-probability entries across diverse Forex markets, the Free Scalping MT4 Indicator offers a unique and comprehensive set of trading indicators (built- in-one).… ⤜More⤏
Xmaster Formula MT4 Forex Indicator
Dec 12, 2023 16871

Xmaster Formula MT4 Forex Indicator

If you are looking for a powerful and versatile tool to enhance your forex trading, you might want to check out the Xmaster Formula MT4 Forex Indicator. This indicator is designed to identify trends… ⤜More⤏
Forex Sniper Killer
Feb 09, 2021 13298 1

Forex Sniper Killer

Forex Sniper Killer (FSK) is a MetaTrader 4 (MT4) Trading System that comprises two indicators and operates on the Forex market with a purpose or function of conducting critical in-depth market… ⤜More⤏

Comments

TradingVortex.com® 2019 © All Rights Reserved.