TRX MT4 Scalping System

Main Chart of the TRX MT4 Scalping
An all-in-one indicator that provides at a glance a lot of information that would normally require many charts and indicators and general screen clutter.

MT4 Scalping can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minute through to the 1-month charts.

It is straightforward to use even by complete forex beginners. You don’t have to be a professional to use it. Just load one of 3 different Templates to your chart.

TRXScalper1 – is the fastest and most aggressive template. It provides faster signals with increased risk. This mode is ideal for fast day trading or scalping.
TRXScalper2 – is the standard, balanced template. Moderate risk and moderate signal speed. This mode is ideal for typical day trading/swing trading.
TRXScalper3 – provides the most conservative signals. The trend changes slowly and allows for catching the more significant moves on moderate / higher TFs.

Trading rules for this Scalping System
Remember to tighten your Stop Losses around High Impact News Releases or avoid trading at least 15 minutes before and after these events when using this Scalping System.

As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

Buy Entry
When the TRX Scalper Trend shows an Up(Green) trend on the next two higher TimeFrames, the current market trend is bullish. Then, Green marks serve as buy signals and suggest that it would be beneficial to open a buy position.

Sell Entry
When the TRX Scalper Trend shows Down(Red) trend on the next two higher TimeFrames, the current market trend is bearish. These Red marks serve as sell signals and suggest that it would be beneficial to open a sell position.

Trade Exist
Any positions with this Forex Trading Indicator can be liquidated using a fixed profit target. Alternatively, the profit target should be set using previous support and resistance or high-low level as a reference point. You may also exit the trade manually if the conditions of the system reverse (the opposite signal appears).

It is recommended to use a stop loss. Set SL below the entry price using previous support and resistance as a reference point Or on the previous high/low swing. Using fixed stop loss settings without any reference points is not advocated.