Free scalping indicator system

Free scalping indicator for intraday trading

Free scalping indicator system is a trend following trading system for intraday trading. The author is Karl Dittman Dittman. On line there are various setup of this system.

Time frame 1 min, 5 min. 15Min.

Markets currecncy pairs (majors) and Indicies.

IMPORTANT RULES - How to use the signals

- Identify a current trend. (Remember? Trend is your

friend?)

- Ignore all signals against a current

trend! Example:

Trend is up – but you get a “sell” signal ( ignore it!)

- Wait for a “buy” signal to enter. This is the most

important rule #1, if you follow it – you will have no

losing trades at all.

- The most important rule #2: do not trade and do not use

the indicator on a side trend. This is “MUST follow”

rule#2.

If you DON’T follow or ignore the rules above – good results are

not guaranteed!

Entering Trades

The Free Scalping Indicator generates trades it changes colors.

To use the Free Scalping Indicator © to generate signals:

Long trades occur when the Free Scalping Indicator

changes color from Red to Yellow. (Red to Green) (ZERO line crosses depends by indicator in the folder there are two versions)

Short trades occur when the Free Scalping Indicator

changes color from Green to Red. (ZERO line crosses depends by indicator in the folder there are two versions)

Place your stop loss 5 pip below the previous candle

For long trades

Place your stop loss 5 pip above the previous candle

For short trades.

Exit trades when the Free Scalping Indicator Indicator issues the opposite

trading signal. This ensures that you trade with maximum profits and right

before the market reverses.

Another exit mechanism which is highly effective is to exit near strong support

or resistance levels. It is a method that generates exits earlier, so you take

profits early.

Place your stop loss 5 pip below the previous candle

For long trades

Place your stop loss 5 pip above the previous candle

For short trades.

Tips-IMPORTANT: Make sure to trade only follow a currect trend! It will cut ALL

bad trades! Never place a trade against a trend.

Example: If the current trend is up and the indicator

shows “BUY” signal – place a trade.

If the current trend is up and the indicator

shows “SELL” signal – NO TRADE! Wait for the next “BUY” signal…

Stay away from using the signals and open trades on unclear trends or side

trends.

In the pictures Free scalping indicator system in action.

Free scalping indicator system in action. V1

Free scalping indicator system in action. V2

Free scalping indicator system in action. V1 an V2 in the folder.

Free scalping indicator system is a trend following trading system for intraday trading. The author is Karl Dittman Dittman. On line there are various setup of this system.

Free scalping indicator system.rar

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For trade I recommend to choose Broker with MT4 >>