TRX Scalping System Version: 1.0

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TRX MT4 Scalping System

Main Chart of the TRX MT4 Scalping
This is a comprehensive indicator that consolidates a wealth of information typically spread across numerous charts and indicators, reducing overall screen clutter.

The MT4 Scalping system can be applied to any Forex currency pair and other assets, including stocks, commodities, cryptocurrencies, precious metals, oil, and gas. It is versatile and can be used across various time frames, from 1-minute to 1-month charts.

Even complete Forex beginners can use this system with ease. You don't need to be a professional trader to get started. Simply load one of the three different templates onto your chart.

TRXScalper1 – This is the fastest and most aggressive template, offering quicker signals with increased risk. It's ideal for fast day trading or scalping.
TRXScalper2 – The standard, balanced template features moderate risk and moderate signal speed, making it suitable for typical day trading or swing trading.
TRXScalper3 – This template provides the most conservative signals. The trend changes gradually, allowing you to capture significant moves on moderate to higher time frames.

Trading Rules for this Scalping System
Be sure 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, achieving good results requires proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It's crucial to know when to trade and when to refrain from trading. Avoid trading during unfavorable conditions such as low volume/volatility, outside major sessions, with exotic currency pairs, or when spreads are wider.

Buy Entry
When the TRX Scalper Trend indicates an upward (green) trend on the next two higher time frames, the current market trend is bullish. Green marks serve as buy signals, suggesting it would be advantageous to open a buy position.

Sell Entry
When the TRX Scalper Trend indicates a downward (red) trend on the next two higher time frames, the current market trend is bearish. These red marks serve as sell signals, suggesting it would be beneficial to open a sell position.

Trade Exit
Positions opened with this Forex trading indicator can be closed using a fixed profit target. Alternatively, the profit target should be set using previous support and resistance levels or high-low levels as reference points. You may also exit the trade manually if the system's conditions reverse (i.e., an opposite signal appears).

It is recommended to use a stop loss. Set the stop loss below the entry price, using previous support and resistance levels or the previous high/low swing as reference points. Avoid using fixed stop loss settings without any reference points.

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