True Scalping System For MT4

True Scalping System For MT4

Table Of Contents:

  1. True Scalping System For MT4
  2. The True Scalping System For MT4 – Long positions
  3. The True Scalping System For MT4 – Short positions
  4. Is the True Scalping System 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 True Scalping System For MT4 is a trend following trading system. It makes use of custom indicators which basically follow the concepts of a moving average. In some ways, there is nothing really unique about this trading system. By using the appropriate settings, traders could basically replicate the signal is generated by this trading strategy with its use of the custom indicators.

The main differentiating factor with the true scalping strategy is the fact that the indicators you see tend to change color. This gives visual cues for the trader to understand when the markets are in an uptrend or in a downtrend. But having said that, if a trader does not understand whether the market is in an uptrend or in a downtrend without the visual cues, then they should not be trading in the 1st place.

The choice of indicators used in the true scalping strategy are not too many despite the fact that it uses custom indicators. As we mentioned, you can see that the two custom indicators behave similar to a moving average crossover concept. In the first sub window of the true scalping system template, you have the oscillator which changes colors from white do green or vice versa.


FREE True Scalping System

Download the FREE True Scalping System for MT4.

To receive my email 100% sure: 
Put my email on your whitelist!



The change in colors in the sub window of the true scalping system basically confirms the trend that the market is in. Traders from here on can use different approaches to trading. One is you could simply make use of the buy and sell signal logic that we outlined in this article. However, if you're experienced in trading with trend following systems you could also apply those same concepts here and they would work just as good.

At this point, traders should be aware of the risks of the sideways market. Trend following strategies do not work that well when the markets are moving in a sideways range. And this is especially true of the true scalping system.

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



The True Scalping System For MT4 – Long positions




Taking a long position using the true scalping strategy is quite simple. You simply wait for price action to rise above the moving average looking lines. When this happens, the indicators automatically change color to green. From here on, it is up to the trader on when they want to go long. You can either set a pending long order or you can identify up potential swing high that forms and set your long position at this level.

As for the stop losses, you should set it to the recent swing low point that you can identify. Alternately, you could set your stop loss to the low of the entry price bar. For your take profit, you can choose two methods. The first method is a straightforward fixed risk to reward ratio. The second method is to trail your stop loss across the green line. This second method might not work all the time. However, when the market is in a strong trend you would be able to capture lots of profits.

It is also possible that you could look at reentering the trades as in when your trade reaches the stop loss. For this to happen, you need to ensure that the uptrend is secure and that you are able to capture more profits within the uptrend.



The True Scalping System For MT4 – Short positions




Taking a short position using the true scalping strategy is quite simple. You simply wait for price action to drop below the moving average looking lines. When this happens, the indicators automatically change color to white. From here on, it is up to the trader on when they want to short the market. You can either set a pending short order or you can identify up potential swing low that forms and set your short position at this level.

As for the stop losses, you should set it to the recent swing high point that you can identify. Alternately, you could set your stop loss to the high of the entry price bar. For your take profit, you can choose two methods. The 1st is a straightforward fixed risk to reward ratio. The second method is to trail your stop loss across the white line. This second method might not work all the time. However, when the market is in a strong trend you would be able to capture lots of profits.

It is also possible that you could look at reentering the trades as in when your trade reaches the stop loss. For this to happen, you need to ensure that the downtrend is secure and that you are able to capture more profits within the downtrend.



Is the True Scalping System For MT4 profitable?


Pro scalping strategy is a trend following trading system at the very core. Therefore, this trading method works best when the markets are moving in a strong trend. During ranging markets, there is a very good chance that the whipsaw in the markets can lead to losses on your trades. Therefore, traders need to have a good understanding in determining the trends.

Beginners in forex trading will find that trading with this method is a reliable way to capitalize on the trends that form. Therefore, it would help if one takes into consideration the multi time frame analysis as well. By determining the trend on the higher chart timeframes, you can then use the true scalping strategy template on the short term charts and trade in the direction of the longer trend.

As with most trend following trading strategies, you can customize your trading systems in terms of the entry and exit once you get familiar with the basic setups. The template that comes with the true scalping strategy is lightweight and does not freeze up your MT4 trading terminal. As a result, those who are experienced enough could use the template to monitor multiple instruments at the same time.

Download the complete system description and the files here:

FREE True Scalping System

Download the FREE True Scalping System for MT4.

To receive my email 100% sure: 
Put my email on your whitelist!

 

Partially Automated Trading Besides Your Day Job

Alerts In Real-Time When Divergences Occur

My Recommended MT4/MT5 Broker

About Me

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. 

The following performance was achieved by me while trading live in front of hundreds of my clients:

Connect With Me:  

Results From 5 Months!
This service starts soon! Be the first who get's notified when it begins!

This FREE Indicator Can Transform
Your Trading!

FREE Indicator + Telegram Group


Request the Ultimate Double Top/Bottom Indicator which is used by 10,000+ traders.