Trenline scalping system with filter For MT4

Trenline scalping system with filter For MT4

Table Of Contents:

  1. Trenline scalping system with filter For MT4
  2. The Trendline scalping system with filter For MT4 – Long positions
  3. The Trendline scalping system with filter For MT4 – Short positions
  4. Is the Trendline scalping system with filter For MT4 profitable?


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 Trendline scalping system with filter For MT4 is a rather unique trading system which employs both price action as well as indicators based trading. As the title of this trading strategy suggests, it is a short term scalping system. Therefore, you can use this trading template on the short term charts only. If you are one of those traders who is struggling to understand how price action works or is interested to know how to trade with price action concepts such as trendlines, then this is a great trading template that you can begin with.

Because this trading strategy makes use of trendlines, it is essential that the indicator acts as a helping tool. There for what you see is a custom trading indicator. The trend lines are automatically plotted by making use of a custom indicator called the advanced trendlines indicator. Bear in mind that this indicator can repaint as and when price action evolves. Therefore, you need to pay attention and act as and when you see an opportune moment in the market.

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The next indicator on the price chart is called the support resistance trend filter. This indicator is responsible for plotting the support and resistance lines on the price chart. The basic concept in using this trading system is to wait for a trendline to be breached. Following this, this trading system also focuses on the short term support and resistance levels. Trade entry and exit are basically determined by how price reacts to a previously established support or resistance level.

First sub window of this trading system, we have two custom indicators. The first is called the TD indicator. This is a custom indicator which simply plots a histogram which moves above and below the zero line. A similar version of this indicator is also seen in the second sub window of the trendline scalping strategy with filter trading system. We find the second indicator to be somewhat redundant. Therefore, traders can remove one of these two indicators in the sub window to make their charts a bit more easier to understand.

A combination of all these indicators together, make up for the trendline scalping strategy. This trading template is quite efficient and allow strangers the opportunity to make consistent profits.

Let's now take a look at how you can trade long and short positions using the trendline scalping strategy with filter for MT4.



The Trendline scalping system with filter For MT4 – Long positions




To take a long position using the trendline scalping strategy with filter, we need to wait for the small support line to be breached. Following this, you can then quickly take a long position at market. However, you should also wait for a validation from the histogram indicators in the sub window.

At least one of these indicators should be plotting high histogram bars when below the zero line. Now quickly identify the recent swing high that formed prior to the breakout and set your stop loss at this level. In order to take profit, you can use any of the previous support or resistance levels as your target. You can also, alternatively use a fixed risk to reward ratio setup as well.



The Trendline scalping system with filter For MT4 – Short positions




To take a short position using the trendline scalping strategy with filter, we need to wait for the small resistance line to be breached. Following this, you can then quickly take a short position at market. However, you should also wait for a validation from the histogram indicators in the sub window.

At least one of these indicators should be plotting lower histogram bars when above the zero line. Now quickly identify the recent swing low that formed prior to the breakout and set your take profit at this level. In order to take profit, you can use any of the previous support or resistance levels as your target. You can also, alternatively use a fixed risk to reward ratio setup as well.



Is the Trendline scalping system with filter For MT4 profitable?


The trendline scalping strategy with filter is a rather unique approach to a trading strategy. This trading system makes use of the concepts of trendlines which basically falls under price action analysis. By making use of just the right number of indicators, this trading strategy is a mix of both price action as well as indicator based trading systems. This makes the trendline scalping strategy quite a versatile trading system that you can trade with.

There is a bit of complexity involved when using the trendline scalping strategy with filter full stock this is because not everyone can easily identify the trend lines and be able to trade. This is where, the indicators used in this trading strategy can play a very big role in order to help you understand when the trends are breached.

The trendline scalping strategy can be very beneficial for traders who wish to learn or understand how price action trading works. Although this is not a complete price action based trading strategy, at least it gives traders a basic entry into knowing how to trade with the trend lines. Once you understand the concepts behind this trading strategy, it will become easy for you to spot potential trading opportunities.

Based on the above factors, the trendline scalping strategy is highly recommended. It is one of the few trading systems that is designed by purely taking into account how the markets work. By not entirely relying on just indicators but also on the trend lines, this can give a unique perspective on the markets. Beginners will find it a little bit difficult to trade with the strategy. Therefore, we recommend the trader should have enough practice before using this in the real money accounts.

The template is also lightweight. Therefore, you can use this template to monitor multiple markets at the same time. However, for those who are just getting started, we do not recommend that you do so.

Download the complete system description and the files here:

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