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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 trades in the direction of the trend
- Video: (link)
Scalping indicator using confirmations for the best signals
It works as an input indicator. It works on any pair and timeframe.
- The signals are filtered by short-term trend and fast impulses.
- Applies a double confirmation approach
- Scalping Direction – the direction of the short-term turn, displayed in the background color
- Scalping Signal – breakdown of the price action, displayed as an arrow signal to enter
- Flexible tool, increases the efficiency of the trading system
- Market Entry Signals
- Conditions for purchase
- Scalping Buy Signal
- Background color blue
- Additionally: The Trend Laser indicator is blue to confirm the growing trend
- Additionally: The RSI is NOT in the overbought zone to filter out false signals
- Conditions for sale
- Scalping signal for sale
- Background color red
- Additionally: The Trend Laser indicator is red to confirm the falling trend
- Additionally: The RSI is NOT in the oversold zone to filter out false signals
- Exit strategy
- The exit is made at the discretion of the trader in accordance with his/her strategy
- Support/Resistance zones
- Reversal signals based on price action patterns
- Quick exits
- Exit when making a profit
- Time of action, usually 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
- You can use Exit Scope as an alternative exit strategy
- Sessions
- Scalping – M5/M15 during the London or American session
- Swing trading – H1/H4, do not trade on 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
- Filter false signals using Volume Critical
- Ignore buy signals if Volume Critical is overbought
- Ignore 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 “Close the bar”
- Can be used to develop an expert
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- Scalping Direction – the direction of the short-term turn, displayed in the background color
- Scalping Signal – breakdown of the price action, displayed as an arrow signal to enter
- Conditions for purchase
- Scalping Buy Signal
- Background color blue
- Additionally: The Trend Laser indicator is blue to confirm the growing trend
- Additionally: The RSI is NOT in the overbought zone to filter out false signals
- Conditions for sale
- Scalping signal for sale
- Background color red
- Additionally: The Trend Laser indicator is red to confirm the falling trend
- Additionally: The RSI is NOT in the oversold zone to filter out false signals
- Scalping Buy Signal
- Background color blue
- Additionally: The Trend Laser indicator is blue to confirm the growing trend
- Additionally: The RSI is NOT in the overbought zone to filter out false signals
- Scalping signal for sale
- Background color red
- Additionally: The Trend Laser indicator is red to confirm the falling trend
- Additionally: The RSI is NOT in the oversold zone to filter out false signals
- The exit is made at the discretion of the trader in accordance with his/her strategy
- Support/Resistance zones
- Reversal signals based on price action patterns
- Quick exits
- Exit when making a profit
- Time of action, usually 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
- You can use Exit Scope as an alternative exit strategy
- Support/Resistance zones
- Reversal signals based on price action patterns
- Exit when making a profit
- Time of action, usually 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 – M5/M15 during the London or American session
- Swing trading – H1/H4, do not trade on 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
- Filter false signals using Volume Critical
- Ignore buy signals if Volume Critical is overbought
- Ignore sell signals if Volume Critical is oversold
- Ignore buy signals if Volume Critical is overbought
- Ignore sell signals if Volume Critical is oversold
Watch the video (in English) in high resolution
- Valid signals (link)
- Invalid signals (link)
- How to avoid false signals (link)
- Values of the last swing maximum/swing minimum
- Use the “Average Profit” Trend Laser parameter as an additional buffer
- Support/Resistance levels
- Hard stops in the range of 10-30 pips
- The TP and SL values are equal
- The “Minimum Move” Trend Laser parameter for a quick exit
- Support/Resistance levels
- Alternative exit to Exit Scope
- Hard TP level in the range of 10-30 pips
- Do not trade 30 minutes before the release of important economic news
- Ignore buy signals when the RSI is above 70
- Ignore sell signals when the RSI is below 70
For the best result, it is recommended to use pairs with a low spread on ECN accounts.
Use the simulator and the trading panel (link)
Key Features of Algorithmic Trading Software
25 February 2015
8.0
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