Newcomers to the forex market often experiment with new techniques and methods to generate profits a
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Foreign exchange trading is one method to make big as well as steady earnings in a reasonably brief
Scalping Meter is a semi-automatic trading system based on a systematized mathematical modular structure of point interaction. This indicator uses a self-learning neural network to analyze the historical data of the chart, studies the movement and behavior of the price, determines the reversal points on the history and using this data predicts future price reversals. The price reversal points on the chart are indicated using simple and understandable arrows for each trader. Taking into account the constant and dynamic changes in the market, this indicator is able to collect historical data of quotations and be trained using mathematical models.
- When the indicator draws a blue arrow on the chart of a currency pair, we open a buy deal and set a short take profit of 20-25 points. In 87% of the signals, the price will go at least 20 points in the direction of the arrow. Thus, by trading using the scalping system using this indicator, we will be able to open several orders per day. We set the stop loss at the level of 75 points. Or when the price crosses the moving average with a period of 27 in the opposite direction.
- When the indicator draws a red down arrow on the chart, we open a sell order and also set a short take profit of 20-25 points. We set the stop loss at the level of 75 points. Or when the price crosses the moving average with a period of 27 in the opposite direction.
- does not redraw the data.
- very easy to set up.
- it works on all currency pairs.
- it is suitable for trading using a scalping strategy.
- even beginners can work with it.
- it can be implemented in any ready-made trading system. You can use its signals in your trading system.
- you can use it to write an automatic trading robot. Any programmer can do this.
- period – the period of the indicator. Indicates the indicator with what frequency to search for input signals.
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