Power Trade scalping system for Meta Trader 4 works with any currency pair and it’s best to be used with the 15M time frame or higher. Power Trade scalping system, Currency pair: EURUSD, Timeframe: H4 (click to zoom)
Power Trade scalping system
Each set of indicators used with the system is used for a specific purpose to do a specific job. In this section, we’ll explain the indicators used by the system and why we are using them.
Trend Following and Trend Breakout Indicators
W.A Explosion indicator is used to avoid trend breakouts and trade only when the market is quiet and safe for scalping.Trend Filter indicator will be used for trend following. Both indicators are provided with colored bars and specific levels that you will learn how to use them later. Blue Bar = Up Trend/Up Trend Breakout. Red Bar = Down Trend/Down Trend Breakout.
Wave Analysis Indicators
T3 MA indicator is used to show us the direction of the current wave. While Candles indicator shows us the same thing but based on different calculations and with colored candles instead of MA line. MTF fractals are used to identify tops and bottoms. As with trend, indicators, the colors represent the wave’s direction. Blue Line/Candle/Dot = Up wave. Red Line/Candle/Dot = Down wave. System’s Rules
Using Power Trade scalping system
Buy: In up trend, we need to see a signal from the MTF fractals indicator ( blue dots ). Power Trade scalping system, Currency pair: EURUSD, Timeframe: M30 (click to zoom) Sell: In down trend, we need to see a signal from the MTF fractals indicator ( red dots ). Power Trade scalping system, Currency pair: EURUSD, Timeframe: M30 (click to zoom)
Download Power Trade scalping system
You can download the Power Trade scalping system for free by clicking the “Download” button located at the top right corner.
Create your custom indicator
If you would like to create your own custom indicator, please contact AtoZ team. Also, don’t miss out on various other indicators you can find here.
How do you install an indicator on MT4?
In order to install this indicator on your MT4, you need to: 1. Click on “Download” button above to download Power Trade scalping system; 2. Save the file to your computer; 3. Extract and move the .ex4 file into: \MQL4\Indicators; 4. Restart your Metatrader platform; 5. Click “Indicators” button in Metatrader toolbar; 6. Select “Custom”; 7. Search and select “Power Trade scalping system; 8. Adjust settings or press OK to add the indicator to your selected chart; Note: Power Trade scalping system, developed by Dimtry and sent by an AtoZForex follower from Munich, Alfred. AtoZForex does not carry any copyrights over this trading tool. Do you have a reliable indicator or EA? Would you like to share it with our users?