Here anyone can download this unique and totally free indicator for scalping trading designed for metatrader4 platform:
Scalping – a technique of trading in the Forex market for small currency fluctuations. The basic meaning, which is to earn 10 to 15 cents on each transaction, at the risk of only two or three cents. As a result of work per day for M1-M5 timeframes, makes a lot of transactions. The main thing – it’s a quick entry and exit from the transaction, using limit orders.
Terms of scalping
The basic rules of scalping are:
The presence of very small spread, no more than 3-4 pips.
Big enough Bid or Offer;
Trader needs to have a sufficiently extensive experience trading the instrument
Small but quiet price fluctuations.
Advantages of scalping – trade with almost minimal risk.
Disadvantages scalping – a large amount of trade. Trading on limit orders, ie input and output must be very fast. Whatever the merits of scalping is considered to be a very nervous type of trading, because of the need to constantly monitor the level of the feet.
Must be borne in mind, the highlights, the indicators for scalping does not work:
with the publication of important economic news and events
at nizkovolatilnom market (holidays);
in profit at the end of sessions (Asian, European and American), usually accompanied by not weak movements courses.
Especially on Friday.
Typically pure scalping indicators are not used on the market. It takes a scalping system, because it gives better results than using a single indicator.
Here is best Free iNDICATOR for scalping that works with 85% accuracy for m1, m5 timeframes: Free Scalping Indicator M1 M5