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Pipfinite offers unique, high-quality and affordable trading tools.

Our tools may not suit your trading style, so we strongly recommend that you start getting acquainted with them with the demo version for MT4. Please test the indicator before buying.

Product reviews are welcome. We hope that the indicator will be useful to you.

Sharing Razor Scalper and Trend Laser

  • Strategy: Scalping in the direction of the trend
  • Watch the video:(Link)

Scalper indicator using a proven approach to signal confirmation

It works as an input indicator. It works on any pair and timeframe.

  • Signals are filtered by short-term trend and fast pulses.
  • Applies a double confirmation approach
    • Scalping Direction ‚Äď the direction of the short-term trend, indicated by the background color
    • Scalping Signal ‚Äď a breakdown of the price action indicated by an entry signal
  • A flexible tool that can be used in many ways to improve the trading system
  • Input signals
    • Installation for confirmation of purchase
      • Scalping Buy Signal
      • The background is blue
      • Additionally: Trend Laser is blue for a confirmed uptrend
      • Additionally: The RSI is NOT overbought to avoid false signals
    • Installation for confirmation of sale
      • Scalping signal for sale
      • The background is red
      • Additionally: Trend Laser red for a confirmed downtrend
      • Additionally: The RSI is NOT oversold to avoid false signals
  • Exit strategy
    • The exit is made at the discretion of the trader according to his/her strategy
      • Support/Resistance zones
      • Reversal signals based on price action patterns
    • Quick exits
      • Exit from transactions when profit is reached
      • The expiration time ranges from 2-15 bars
      • Hard targets
        • 2-5 pips on M5
        • 5-15 pips on M15
        • 15-30 pips on H1
        • 30-40 pips on H4
    • Exit Scope can be used as an alternative exit strategy
  • Sessions
    • Scalping ‚Äď M5/M15 in London or American session
    • Swing trading ‚Äď H1/H4, avoid the first day of the week
  • Auxiliary tool
    • It combines well with price action trading
    • Confirmation of signals using Trend Laser
    • Confirmation of signals using Strength Meter
    • Avoid false signals by combining with Volume Critical
      • Avoid buy signals if Volume Critical is overbought
      • Avoid sell signals if Volume Critical is oversold
  • Color schemes for light and dark graphs
  • Never redraws
  • Does not lag with rendering
  • Never recalculated
  • Giving a signal strictly to ‚ÄúClose the bar‚ÄĚ
  • Can be used to develop an expert
Read More...
  • Scalping Direction ‚Äď the direction of the short-term trend, indicated by the background color
  • Scalping Signal ‚Äď a breakdown of the price action indicated by an entry signal
  • Installation for confirmation of purchase
    • Scalping Buy Signal
    • The background is blue
    • Additionally: Trend Laser is blue for a confirmed uptrend
    • Additionally: The RSI is NOT overbought to avoid false signals
  • Installation for confirmation of sale
    • Scalping signal for sale
    • The background is red
    • Additionally: Trend Laser red for a confirmed downtrend
    • Additionally: The RSI is NOT oversold to avoid false signals
  • Scalping Buy Signal
  • The background is blue
  • Additionally: Trend Laser is blue for a confirmed uptrend
  • Additionally: The RSI is NOT overbought to avoid false signals
  • Scalping signal for sale
  • The background is red
  • Additionally: Trend Laser red for a confirmed downtrend
  • Additionally: The RSI is NOT oversold to avoid false signals
  • The exit is made at the discretion of the trader according to his/her strategy
    • Support/Resistance zones
    • Reversal signals based on price action patterns
  • Quick exits
    • Exit from transactions when profit is reached
    • The expiration time ranges from 2-15 bars
    • Hard targets
      • 2-5 pips on M5
      • 5-15 pips on M15
      • 15-30 pips on H1
      • 30-40 pips on H4
  • Exit Scope can be used as an alternative exit strategy
  • Support/Resistance zones
  • Reversal signals based on price action patterns
  • Exit from transactions when profit is reached
  • The expiration time ranges from 2-15 bars
  • Hard targets
    • 2-5 pips on M5
    • 5-15 pips on M15
    • 15-30 pips on H1
    • 30-40 pips on H4
  • 2-5 pips on M5
  • 5-15 pips on M15
  • 15-30 pips on H1
  • 30-40 pips on H4
  • Scalping ‚Äď M5/M15 in London or American session
  • Swing trading ‚Äď H1/H4, avoid the first day of the week
  • It combines well with price action trading
  • Confirmation of signals using Trend Laser
  • Confirmation of signals using Strength Meter
  • Avoid false signals by combining with Volume Critical
    • Avoid buy signals if Volume Critical is overbought
    • Avoid sell signals if Volume Critical is oversold
  • Avoid buy signals if Volume Critical is overbought
  • Avoid sell signals if Volume Critical is oversold

Watch in high-resolution format for familiarization

  • Valid signals (link)
  • Invalid signals (link)
  • How to avoid false signals (link)

An example of a strategy in combination with other indicators

  • Last swing-maximum/swing-minimum
  • ‚ÄúAverage profit‚ÄĚ Trend Laser as an additional buffer
  • Support/Resistance levels
  • Fixed stop loss of about 10-30 pips
  • Take profit equals stop loss
  • ‚ÄúMinimal Movement‚ÄĚ Trend Laser for quick exit
  • Support/Resistance levels
  • Exit Scope as an alternative exit
  • Fixed take profit of about 10-30 pips
  • Avoid signals 30 minutes before the release of important news
  • Ignore buy signals if the RSI is above 70
  • Ignore sell signals if the RSI is below 30

To achieve the best results, it is recommended to choose pairs with a low spread on ECN accounts.

Other tools to help in your trading can be found at the link

Key Features of Algorithmic Trading Software

21 July 2016

8.0

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