TRX MT4 Scalping is a Complete Scalping System for MT4 that gives NON-Repaint buy/sell signals. It’s designed to provide an easy-to-use trading platform for both beginner and experienced traders. This software is designed to help users make informed decisions when trading in the forex market. It comes with ON-SCREEN dashboards that show you various helpful information.
One of the common issues that many traders face with indicators is repainting, which can lead to misleading information. However, with the MT4TRX, you’re guaranteed that there is No Repainting. Whether it’s in real-time or any other condition, what you see is what you get, ensuring consistent reliability in your trading decisions.
A key aspect of maximizing profits and minimizing losses in forex trading is the ability to identify trend reversals. The TRX indicator excels in this. Providing accurate insights into potential reversals allows traders to adjust their strategies accordingly, ensuring they are always a step ahead.
Whether you’re looking to make quick profits with M1/M5 timeframes or prefer the more standard M15 day trading, the TRX Scalper has got you covered. This adaptability ensures that traders of all types can leverage the indicator to fit their unique trading styles and preferences.
It has three various templates adapted to different trading styles and market conditions.
This Scalping System is entirely manual. The indicators produce the signals, but any decisions to enter the market and to set protection stops or profitable exit stops will depend on the trader. Therefore, the trader must be familiar with the principles of risk and reward and use initial support and resistance areas to set entries and exits.
MT4TRX System can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
Trading rules for this Scalping System
Remember to tighten your Stop Losses around High Impact News Releases or avoid trading at least 15 minutes before and after these events when using this Scalping System.
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
Buy Entry
When the TRX Scalper Trend shows an Up(Green) trend on the next two higher TimeFrames, the current market trend is bullish. Then, Green marks serve as buy signals and suggest that it would be beneficial to open a buy position.
Sell Entry
When the TRX Scalper Trend shows Down(Red) trend on the next two higher TimeFrames, the current market trend is bearish. These Red marks serve as sell signals and suggest that it would be beneficial to open a sell position.
Trade Exist
Any positions with this Forex Trading Indicator can be liquidated using a fixed profit target. Alternatively, the profit target should be set using previous support and resistance or high-low level as a reference point. You may also exit the trade manually if the conditions of the system reverse (the opposite signal appears).
It is recommended to use a stop loss. Set SL below the entry price using previous support and resistance as a reference point Or on the previous high/low swing. Using fixed stop loss settings without any reference points is not advocated.
