Scalper Wave System For MT4

Scalper Wave System For MT4

Table Of Contents:

  1. Scalper Wave System For MT4
  2. Selecting the trading instrument
  3. Scalper Wave System For MT4 - Long trade setup
  4. Scalper Wave System For MT4 - Short trade setup
  5. Trade Management
  6. Scalper Wave System For MT4 - Conclusion


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The Scalper Wave System For MT4 has created a strong positive influence in the professional scalper's industry from its debut. Though the uses a long chain of logic to find the potential buy and sell signals, the sequence are really easy to understand. So, there is no need to panic once you load the template in your main chart. The indicators used to develop this amazing system are - KG Wave Major, KG Wave Micro, KG Wave Minor, KG support and resistance, Zig Zagy, and KG GGH Signal V1.1. These indicators are not much familiar among the retail trading community since these are the tools mostly used by highly skilled traders.

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Whenever we speak about a scalping system, we need to bear in mind, scalping is the most difficult approach to the trading business. To succeed at scalping, you need a solid blue print that will allow us to decipher the price movement of our preferred instrument in every possible way. In short, we can’t make money with the system unless you learn its function properly. But there is no panic as this guide will illustrate the necessary steps you need to follow to secure profitable trades. The retail traders might get lost in the learning process and that why we recommend learning its function by using a demo account. Now let’s start with the asset selection process for this high-end Scalper Wave System.


Selecting the trading instrument


The novice traders might be wondering why we need to select a specific asset. The Scalper Wave System should have the potential to find the classic trade signals in any asset. But you have to keep in mind, this is not your ordinary trading strategy. This strategy is devised for the institutional level scalpers who trade with a big sum of capital. The first thing which we need to consider is the spread of the market. Try to pick the trading instrument which has an average spread range from 0.1 to 3.0. Since the trades will be taken with a very tight stop, we must focus on low spread trading instruments.

The second thing to consider the sentiment of the market. Let’s say, FED is going to come up with their interest rate decision right after 1 hour, and you looking to trade in the EURUSD pair. This is more like a suicide mission since the market will go crazy right from the start of the FOMC meeting minutes. You must select your asset by assessing the economic calendar. There should be no high impact news release in the next 2 hours. The last thing to consider is the choppiness in the market. The market should show a smooth price movement and preferably it should be in a well-established trend. Now let’s see how we can take our long and short trade with this amazing Scalper Wave System.


Scalper Wave System For MT4 - Long trade setup


The KG support and resistance levels are marked by the red, blue, yellow, and green dotted lines. The color of the dotted lines doesn’t matter since the position of the price defines the functions for these dotted lines. Our first target is to find a merging dotted line providing a strong layer of support. The price will fall to that support zone and quickly bounce off that level. Now we will be waiting for the price to retrace back and form a single colored dotted line. For the buy order, we will notice a blue-colored arrow formed by the KG GGH signal line. Now it’s time to take the confirmation to take our long trade.



First, have a look at the KG wave major indicator. The bar should be blue and it should show a steady increase in its length. At the KG wave micro and KG wave minor indicator, we must find blue bars. Once we have confirmation from these three tools, we will take our long trade with a stop blue arrow mark. Since the trade will be taken in the M5, M15, or M30 chart, the stop loss should not exceed 7 pips. For the take profit, we will use fixed 28 pips so that the risk to reward ratio becomes 1:4 while using the scalper wave system.


Scalper Wave System For MT4 - Short trade setup


In this segment, we will be using some price action signals. Instead of using the bar chart, we will shift the Japanese candlestick chart. We will be selling at the resistance level with the red arrow mark. The bars at the KG wave, KG micro, and the KG wave minor must be red. But if you notice a break at the support level indrawn by the KG support and resistance, you do not need to take the short trades where two dotted resistance lines will merge. Look for the red arrow mark at the resistance line. During that time, the bar colors in the KG wave, KG micro, and the KG wave minor must be red.



Since you will short the asset at the break of support, you must look for the bearish price action signal in the dotted resistance line. And when you execute the short trade, make sure you are placing the stop loss above the tail of the bearish price action signal. To determine the take profit, you can use the dual-layer dotted line in the chart. This process is mostly used when the market condition is hard to understand. Unless the price movement is really unstable, use the traditional approach as discussed in the long trade setup segment.


Trade Management


Professional traders always follow a strategic approach to secure maximum profit from the market. They never take the high risk even after knowing the detailed functions of the Scalper Wave System. Usually, the traders take only trade per trading session and they often risk up to 3% of their account balance. So, if you win the trade, you can gain 12% of your account balance. So, there is no need to rush while using this system. Instead of focusing on the quantity, try to find high-quality trade signals that fulfill the mentioned steps.

Though the system is designed for professional scalpers, still it will generate some losing trades. You should be expecting an 80% success rate while using this system. To deal with the 20% losing trades, you must depend on the risk management factors. So, never break the rules of trade management if you truly want to become a professional scalper.


Scalper Wave System For MT4 - Conclusion


To live your life based on scalping is a tough task. However, if you manage to master the proper use of the scalper system, you will be able to make a decent living out of trading. Most importantly, you won’t have to deal with the economic crisis since the system is designed with an extremely good risk to reward ratio. Some of the novice traders often become carried away with emotions after winning a few trades. They ignore the one or two steps and execute the trade. By doing so, they ruin the efficiency of the system and start losing money from most of the trades.

Every trader should know, success is the result of hard work. In the first segment of this article, most of the novice traders were wondering that this system is going to be extremely tough. But those who have read this article with attention must be excited to trade the real market since the system is easy to use. So, have faith in the trading system and stick to the rules while using it. And those who new to the scalping system should start with the practice account as it will help to build up confidence.

Download the complete system description and the files here:

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