Alfa Profit V3 Indicator
Platform: MT4 Type: Scalping Last update: November 3, 2024The Alfa Profit V3 Indicator for MT4 provides simple buy/sell trading arrows. You can use it in scalping as it gives pretty early entry points, however, we suggest adding some trend direction filter.
Example charts
As you can see on the chart below, the Alfa Profit generated good and accurate signals.
Entry suggestions were on-point and price made good swings to get decent profits for a forex trader.
Great trading conditions are not always the case. Here you can see a choppy market with a lot of fakeouts and noise.
That scenario should be also taken into consideration when making technical analysis.
One of the ideas is adding a moving average to chart that would be working as a trend direction filter.
In the example chart below, we use 200-period Exponential Moving Average.
Settings
Well, when it comes to settings, the developers of that indicator didn’t provide a lot of customization features.
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