How to use the system
A gold UP arrow represents a buy signal. A gold colored histogram appears underneath the main trading window until an opposite signal occurs. The unique colored system shows you exactly where to enter the trade.
Buy Signal:
1. The Smart Display window “Analysis” must display “Buy Only”
2. The MACD Scalper indicator draws a Gold colored buy arrow on the chart
3. A Gold colored histogram appears underneath the main trading chart
4. Open Buy trade
Note: We avoid any sell signal issued by the MACD Scalper indicator (avoid trading against the overall buy trend).
Sell Signal:
1. The Smart Display window “Analysis” must display “Sell Only”
2. The MACD Scalper indicator draws a Crimson colored sell arrow on the chart
3. A Crimson colored histogram appears underneath the main trading chart
4. Open Sell trade
Note: We avoid any buy signal issued by the MACD Scalper indicator (avoid trading against the overall sell trend).
No Trade: The Smart Display window “Analysis” displays “No Trade”. Don’t trade any new signals issued by the MACD Scalper indicator (no clear buy or sell trend).
Protective Stop-Loss
Buy Signal: Place stop-loss below the most recent support.
Sell Signal: Place stop-loss above the most recent resistance.
Take Profit
I use a pre-set take profit target. For instance on the M5 chart, I aim for 15 pips. Trading off M1 chart, I aim for 9 pips. Trading off H1 chart, I aim for 45 pips.
A gold UP arrow represents a buy signal. A gold colored histogram appears underneath the main trading window until an opposite signal occurs. The unique colored system shows you exactly where to enter the trade.
Buy Signal:
1. The Smart Display window “Analysis” must display “Buy Only”
2. The MACD Scalper indicator draws a Gold colored buy arrow on the chart
3. A Gold colored histogram appears underneath the main trading chart
4. Open Buy trade
Note: We avoid any sell signal issued by the MACD Scalper indicator (avoid trading against the overall buy trend).
Sell Signal:
1. The Smart Display window “Analysis” must display “Sell Only”
2. The MACD Scalper indicator draws a Crimson colored sell arrow on the chart
3. A Crimson colored histogram appears underneath the main trading chart
4. Open Sell trade
Note: We avoid any buy signal issued by the MACD Scalper indicator (avoid trading against the overall sell trend).
No Trade: The Smart Display window “Analysis” displays “No Trade”. Don’t trade any new signals issued by the MACD Scalper indicator (no clear buy or sell trend).
Protective Stop-Loss
Buy Signal: Place stop-loss below the most recent support.
Sell Signal: Place stop-loss above the most recent resistance.
Take Profit
I use a pre-set take profit target. For instance on the M5 chart, I aim for 15 pips. Trading off M1 chart, I aim for 9 pips. Trading off H1 chart, I aim for 45 pips.