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. 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.
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.
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 ).
Sell: In down trend, we need to see a signal from the MTF fractals indicator ( red dots ).
How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on the “Download Indicator” button located at the bottom of the post.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select the template to apply it on the chart.
Note: This indicator was developed by our subscriber. AtoZ Markets does not carry any copyrights over this trading tool.