
Erudite Scalper - ingenious mix of smart technology & erudite trading
Erudite Scalper is a symbiosis of two components, one of which determines the prevailing trend and the second, which finds the entry point. This combination of a sophisticated algorithm that determines whether the market is overbought / oversold and its dominant direction with no repainting gives us a good tool for profitable trading.
Characteristics of the Erudite Scalper Indicator
Platform: Metatrader4
Currency pairs: Any currency pairs, recommended major
Trading Time: Any trading sessions
Time Frame: Any, recommended M5, M15 and H1
Recommended broker: Roboforex, XM, FBS
Trading rules
The indicator has two components that complement each other in trading.
First confirmation:
The red / blue background indicates the current prevailing trend direction. Red background color - bearish trend (we consider only sells, ignore buy signals). The blue background color is a bullish trend (we consider only buy signals, ignore sells).
Second confirmation:
A signal in the form of a blue / red bar, as a result of determining whether the market is oversold / overbought, is a direct signal to enter the market.
Buy Signal:
The background of the indicator is blue (we consider only Buy signals)
A Buy signal appears - blue bar appears
erudite-scalper-buy-signal
A few more examples of Buy signals:
scalper-buy-winning-signalS