The Free Scalping System is a trend-momentum profitable forex trading system. This system is dedicated for M5, M15 time frames, but it also works well on higher time frames like 30 min, 60 min, 240 min. Recommended sessions London and New York, but be careful and don’t trade before high impact news. You can use it on any financial instrument like major currency pairs or gold, silver etc.
Metatrader indicators involved in the Free Scalping System:
QQE (setting: current time frame, smooting 30 periods);
free scalping system indicator ( intesity 50);
MACD Colored (12, 26, 1);
Color MA ( 34, 1,),
Free Scalping System Trading Rules
Buy entry signal
QQE green line crosseD upward red line.
Free scalping system indicator with green bar.
Histogram MACD above zero level.
Color MA line is green color.
Sell entry signal
QQE green line crossed downward red line.
Free scalping system indicator with red bar.
Histogram MACD below zero level.
Color MA line is red color.
Take profit / exit position suggestions:
When color ma change color,
Make profit at the level of the pivot line.
Ratio stop loss 1.2.
Profit Target 5 min (7-12) pips, 15 min ( 9 -15) pips.
Initial stop loss on the previous high/low swing.
How to install the Free Scalping System on your Metatrader 4 trading plaftform?
- Download the system by clicking “LINK” button at the bottom of this post.
- Copy and paste the Free Scalping System files into following folder of your Metatrader 4 (MT4) platform: MQL4 > Indicators.
- You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
- Restart your Metatrader 4 Client.
- Select Chart and Timeframe where you want to test the system.
- Right click on the chart and choose Templates and select Free Scalping System.tpl
- The system is ready and running on the chart.
Free Scalping System Free Download
To download the Free Scalping System for Metatrader 4 (MT4) for free just click the button below: