Superscalper Trading System For MT4
Table Of Contents:
- Superscalper Trading System For MT4
- Selecting the trading instrument
- Superscalper Trading System For MT4 - Long trade setup
- Superscalper Trading System For MT4 - Short trade setup
- Trade Management
- Superscalper Trading 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 Superscalper Trading System For MT4 helps to deal with the fast-paced environment in a much more efficient way. Retail scalpers including the professionals, often complain the lower time frame is getting extremely tough for the scalpers as they barely have enough time to execute the trade. Only, for this reason, many scalpers are using M30 or even higher time frame to ease the actions related to scalping. But the users of the Superscalper Trading System are still enjoying the real taste of scalping. 4x pips snigger trend, 4x pips snigger trigger, DSS Bressert, super trend, and Waddah Attar explosion is going to be the main analytical tool for this system.
The name of these indicators might seem new to many traders, but mastering its function is easy. The EMA 21 can change its color based on the market slope. On the contrary, the lime green EMA works more like the fast EMA which creates the bullish and bearish cross in the market. For the filter, we have the super trend wave indicator. Blue rising bars tell our bulls are in charge whereas the black bars suggest an increase in the bearish momentum. The Waddah Attar explosion prints green bars and red bars for bullish and bearish confirmation respectively. Finally, we have the DSS indicator, which is a bit tricky to use as the signal line can be evaluated from a different point of view.
Selecting the trading instrument
To select the currency pair, investors need to follow some specific steps. Since the stop loss in each trade will be extremely tight, traders should not open any trades in the asset which tends to create false spikes. Usually, most of the exotic and cross pairs create such false spikes and hunt down the stop loss. So, it’s over-obvious we will be looking to take the trades in the major currency pairs only. But when it comes to major currency pairs, we can use some amazing technique which can improve the efficiency of the system furthermore.
The spread becomes a critical issue when the traders intend to execute the trade with less than 10 pips spread. For instance, if you set 8 pips stop in a currency pair that has 5 pips spread unless you are extremely lucky, the trade will hit the stop loss within a minute. The maximum spread in the trading instrument must not exceed 2 pips. And try to pick a trending asset since scalping in the consolidation zone makes your trade more vulnerable to false spikes. Always select the currency pair by using this method and you won’t get disappointed with the Superscalper Trading System.
Superscalper Trading System For MT4 - Long trade setup
Most of the traders struggle hard to determine the demand zone. A demand zone is a place where the price starts to gain bullish momentum. In this system, we will be using the concept of breakout so that we can take the trades with the market momentum. Before the breakout takes place, the EMA 10 and EMA 21 will slowly gain a positive slope. Right before the bullish break, the EMA 21 will change its color to blue. After the break, you will notice the fast EMA (EMA 10) has already crossed over the 21 EMA. During that time, the bullish break will be confirmed by the green bars at the super trend indicator.
Since the buy orders will be triggered based on the market momentum, it is super important that the Waddah Attar explosion creates consecutive green bars. At the DSS indicator signal line, you should see consecutive blue dots. The slope of the signal line must be positive. Take the short trade with a stop loss below the 21 EMA. The take profit for the trade will be 14 pips. At times, you might get classic trade signals with a stop loss around 4-7 pips. Never fear to take the trades with such tight stop loss. But make sure you are not taking too much risk in the trade as it will complicate the recovery factor for the Superscalper Trading System.
Superscalper Trading System For MT4 - Short trade setup
We will be using the Superscalper Trading System in the most advanced way to take our short trade. Since the 21 EMA will act as dynamic resistance, we need to look for the pin bar, doji, bearish engulfing, or the bearish evening star pattern at the resistance level. The slope of the 21 EMA must be negative confirming the establishment of the downtrend. Right after the bearish pattern is formed, the super trend indicator will start forming black bars. Newly formed red bars will be spotted in the Waddah Attar explosion. For the financial confirmation, we have to analyze the DSS indicator reading.
At the DSS indicator, the signal line should change its slope to negative after reaching a peak value. The dot color will be red suggesting the bears have started to dominate the market. Set the stop above the high of the bearish price action signal. To determine the take profit, you can move to M15 or the M30 chart to find the support level. But make sure you do the trade setup analysis in the 5-minute chart so that you can trade with a tight stop loss. Some of you might not prefer the concept of multiple time frame analysis while using the Superscalper Trading System. For them, we recommend using the 20 pips to take profit while using the advanced trading method.
Trade Management
To manage your trade, you need to have strong control over your emotions. Everyone knows that they can’t survive by taking more than 3% risk. Still, we trade with more than 3% risk just to cover up the losses. This shows a lack of confidence, patience, and most importantly immaturity. Being a rookie trader, we should be taking our trade with 1% risk. Those who have strong control over their emotions can risk 2% of the capital.
Some of you might tend to have multiple trades open at the same time. They should calculate the cumulative risk. Note that the Superscalper Trading System permits us to have a maximum of two trades open at the same time. So, if you plan to open two trades, take 1% risk in the first trade so that you can take 1% risk in the second trade. Thus the 2% rule will be followed even though you will open trades.
Superscalper Trading System For MT4 - Conclusion
To become a skilled investor, you must develop the traits of successful traders. For that, you need to study their habit. The majority of the elite traders trade with very low risk. They are not concerned about the number of trades they have executed per day rather they look for the quality trade signals. Some of the expert scalpers often take two or three trades in a week. So, if they take 3 trades, they are risking 6% per week. And the potential outcome they can secure per week is a 12% gain. No business in the world can help you to secure such insane gain within such a short time.
You have to be calculative and make logical decisions in the market. Failing to take logical steps can result in big losses and cause you big trouble. If you wish to change your life as a trader, you have to change your mentality. Jumping into the Superscalper Trading System to make some quick bucks is going to make things worse. The wise trader often spends months learning the key techniques of a new strategy. So don’t hesitate to stick to the practice account to analyze the detailed functions of this amazing scalping system. Try to sync yourself to this system so that you can trade with strong confidence.
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Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
