M1 EASY SCALPER is a scalping indicator particularly designed for the 1-minute (M1) timeframe, appropriate with any foreign money pair or instrument obtainable in your MT4 terminal. In fact, it may also be used on another timeframe, nevertheless it works exceptionally nicely on M1 (which is difficult!) for scalping. Word: if you are going to scalp, be sure you have an account appropriate for it. Don’t use Cent or Commonplace accounts as they’ve an excessive amount of unfold! (use ECN, RAW, or Zero Unfold accounts)
Robustness and Simplicity
Due to the variety of indicators it incorporates, M1 EASY SCALPER is an extremely strong device (you possibly can test this within the indicator’s settings). But, it maintains a key precept: being ultra-clear and straightforward to make use of. You solely must deal with a single colour level.
How Does It Work?
The indicator makes use of color-coded factors to sign buying and selling alternatives:
- Inexperienced factors: Purchase indicators.
- Crimson factors: Promote indicators.
- Wait interval: When there aren’t any seen factors, the market is in transition.
Your activity is straightforward:
- Watch for a brand new “wait interval” to start out (that means, there aren’t any seen coloured factors).
- As quickly as a inexperienced level seems, open a purchase place (you’ll get a BUY alert).
- If a purple level seems, open a promote place (you’ll get a SELL alert).
It couldn’t be simpler!
The Energy of Indicator Crosses with Clear Outcomes:
Behind this straightforward but highly effective indicator lies the mix of a number of technical evaluation instruments:
- RSI (Relative Energy Index): Measures pattern energy and confirms overbought or oversold circumstances.
- CCI (Commodity Channel Index): Filters indicators primarily based on optimum ranges, figuring out one of the best entry alternatives.
- EMA (Exponential Transferring Common) and its angle: Evaluates pattern path. A constructive angle suggests an uptrend, whereas a unfavourable angle signifies a downtrend.
- ADX (Common Directional Index): Filters indicators primarily based on pattern energy, avoiding trades in flat or non-trending markets.
Customizable Alerts
The indicator consists of an alert system that you could configure based on your preferences:
- Obtain notifications for purchase, promote, or exit (it’s going to warn you when you could exit a place) indicators.
- Alerts are triggered solely as soon as, when the indicator strikes from the “wait interval” to a inexperienced or purple level.
- Alerts will seem on this format: EURUSD – M1 EASY SCALPER – SELL or EURUSD – M1 EASY SCALPER – BUY
I counsel opening all of the pairs you want to monitor on M1 and ready for the alerts to start out sounding. They’ll notify you when to open a place! There is no want to observe for colour adjustments after the wait interval – you’ll obtain an audible alert and a pop-up window with the pair’s info and the kind of commerce to make.
If in case you have any questions, be at liberty to contact!
