GP Trend Scalping Strategy For MT4

GP Trend Scalping Strategy For MT4

Table Of Contents:

  1. GP Trend Scalping Strategy For MT4
  2. GP Trend forex scalping system – Long positions
  3. GP Trend forex scalping system – Short positions
  4. Is the GP Trend forex scalping system good for you?


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 GP Trend Scalping Strategy For MT4 is a trading strategy that primarily relies on the trend in the underlying price chart. Based on the trend, the GP trend forex scalping system then alerts you to potential buy and sell signals.

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As you might have guessed, the GP trend oscillator is one of the main drivers behind this trading system. The GP trend oscillator sits in the sub window, below the price chart. This oscillator behaves a bit similar to the MACD oscillator. Buy and sell signals are generated as and when the histogram moves above or below the zero line. Signals are also generated when you see the signal line moving across the histogram.

The GP trend forex trading system also uses moving average. As you can see on the chart, there are three main moving averages that are used. We have the 60, 16 and 4 period exponential moving averages.

There are a couple of other indicators as displayed on the chart. These indicators do not add much value to the GP trend forex scalping system. They are used only for trading assistance. These indicators tend to make the chart a lot more cluttered. Therefore, you can remove these additional indicators. It will also make the template a bit lighter.

The Delta trend indicator is another one that sits on the price chart. This indicator plots the buy and sell arrows that you see on your chart. They are short term, and therefore, they tend to remain sensitive to small price changes. We do not use this indicator in our trading approach.

GP Trend forex scalping system – Long positions




For long positions, using the GP trend forex scalping system, we need to see evidence that the previous trend is to the downside. When you see this happening, we should then wait for price to consolidate sideways or start to move higher. As shown in the long set up chart example, we can see that price rallied to the lower support level initially before reversing direction.

We need to wait for the Bollinger bands to contract a little bit, suggesting that there is some consolidation. Around this time, you might also notice that the moving averages on the price chart make a bullish crossover as well. We focus only on the short- and medium-term moving averages.

Finally, look to the GP trend oscillator itself. This indicator should suggest a bullish crossover. When you see that you have all the above in sync, you can then go long in the markets. Target the immediate pivot levels you see to the upside. This could be the pivot level, and the upper resistance levels as well. Split your positions such that you are able to book profits at each of these levels.

You must set your stop loss to the recent low, prior to initiating the long position. Once the first target is hit, you can then move your stops to break even for the remainder of the trade. At times, you might want to also pay attention to the trend that is displayed on the chart. use this only as the last indicator to your trade. This means that when you are in an open trade, it is ideal to have the trend strength showing up. This will further validate the long position that you have open.

GP Trend forex scalping system – Short positions




For short positions, using the GP trend forex scalping system, we need to see evidence that the previous trend is to the upside. Following this, we need to wait for price to consolidate or start to move lower. As shown in the short set up chart example, we can see that price rallied to the upper resistance level initially before pushing lower.

We need to wait for the Bollinger bands to contract a little bit, suggesting that there is some consolidation. Around this time, you might also notice that the moving averages make a bearish crossover as well. We focus only on the short- and medium-term moving averages.

Finally, look to the GP trend oscillator itself. This indicator should suggest a bearish crossover. When you see that you have all the above in sync, you can then go short in the markets. Target the immediate pivot levels you see to the downside. This could be the pivot level, and the lower support levels as well. Split your positions such that you are able to book profits at each of these levels.

You must set your stop loss to the recent high prior to initiating the short position. Once the first target is hit, you can then move your stops to break even for the remainder of the trade. At times, you might want to also pay attention to the trend that is displayed on the chart. However, this can lag a bit. Therefore, you should only look into this for further validation. Do not let the trend strength display indicator become one of the main signals for initiating the short position in the GP trend forex trading system.

Is the GP Trend forex scalping system good for you?


The GP trend forex scalping system is a relatively ok trading strategy to use. Beginners might find it a bit difficult to trade with this strategy initially. This is because of the number of indicators involved. You might end up using all the indicators in the GP forex scalping system and that can get a bit confusing.

The GP trend forex scalping system can be used on the short term to medium term intraday charts. This means that it also works on the 1-hour chart time frame as well. As mentioned earlier in this article, there are quite a few indicators that do not add value to the trading system. So, you can get rid of these to make your charts a bit easier to read.

Overall, the GP trend forex scalping system is a rather simple trading system that you could get your hands on.

Download the complete system description and the files here:

FREE GP Trend Scalping Strategy

Download the FREE GP Trend Scalping Strategy for MT4.

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I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

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