Download scalping indicator "Scalping Monster"

[Helpme]

Download and test scalping indicators "Scalping Monster".
It also highlights potential price reversal points and displays the current trend direction with lines. We recommend using it on two timeframes simultaneously: M5 and H1.

The algorithm is simple:

Check the color of the line on the H1 timeframe.
Wait for a point of the same color to appear on the M5 timeframe.
Once the point appears, open an order.
Blue point: Buy.
Red point: Sell.
Take Profit: Set it to approximately ±20 points (depending on the currency pair and spread).
Stop Loss: Place it 50-70 points away from the price of the point, not the current price.

Important: The Stop Loss is set based on the price of the point, not the current market price.

Lot size: Use the smallest lot size to ensure that no more than 10-15% of your account balance is at risk per trade.

We recommend using this indicator during periods of high market volatility. If the market is in a sideways range, it’s better to avoid opening trades.

According to our observations, this strategy can generate up to 50% profit per day, depending on your skills and accurate analysis. The key to success lies in experience, the ability to understand the market correctly, and precise execution of trades based on signals.

 

[Polakandil]

Thank you for sharing the scalping indicator, it is good for traders who like to make trade simple just waiting signal to appear to place an order, however, I see a stop loss setup higher than the target profit, for I usually take at least a 1:1 risk-reward ratio when trade on FXOpen platform.

 

[borzy]

Is it possible to try demo first? I use MT5 from HFM, is it good for this EA?

 

[Fin_Trader]

I have seen many similar indicators, everything needs to be tested in practice, they are all based on MA

 

[kplFX]

Allow me to download it. Thank you so much for sharing this indicator, which might help me make money.

 

[Ivoxygale]

Tried this last week on a small account. Followed the H1 and M5 points exactly, kept the lot tiny, and set the SL from the point, not the price. Ended the day up around 12%, which surprised me since I was just testing. Watching how the points line up really helps, especially during volatile hours. Been checking some crypto market analysis for ideas on timing, and it’s been pretty handy for spotting good setups.

 

[borzy]

If TP is roighly 20 and SL 50–70, you’re playing a sub-1R profile and need a very high win rate - test that over a large out-of-sample. For example mine with HFM is 30%. Hence my reward to risk should be at least 2:1. Watch out for ranging markets; signals looked shakier there per the latest feedback