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PipFinite Razor Scalper MT5

Pipfinite creates unique, high quality and affordable trading tools.

Our tools may or may not work for you, so we strongly suggest to try the Demo Version for MT4 first. Please test the indicator prior to purchasing to determine if it works for you.

We want your good reviews, so hurry up and test it for free...we hope you will find it useful.


Combo

Razor Scalper with Trend Laser

  • Strategy: Scalp in the direction of the trend
  • Watch Video: (Click Here)


Features

Scalping indicator using a confirmed approach for valid signals

Functions as an entry indicator. Works in any pair and timeframe.

  • Signals filtered from short term trend and quick impulses.
  • Uses a double confirmation approach
    • Scalping Direction - Short term trend direction indicated by background color
    • Scalping Signal - Price action breakout indicated by entry signal arrow
  • Flexible tool, can be used in many ways to improve a trading system
  • Entry Signals
    • Valid Buy Setup
      • Scalping Buy Signal
      • Background is Blue
      • Optional: Trend Laser is Blue for confirmed uptrend
      • Optional: RSI is NOT overbought to avoid false signals
    • Valid Sell Setup
      • Scalping Sell Signal
      • Background is Red
      • Optional: Trend Laser is Red for confirmed downtrend
      • Optional: RSI is NOT oversold to avoid false signals
  • Exit Strategy
    • Exit will depend on traders discretion according to his/her strategy
      • Support/Resistance Areas
      • Reversal signals from price action patterns
    • Quick exits
      • Exit trades once it turns into profit
      • Time expiry ranging from 2-15 bars
      • Hard targets
        • 2-5 Pips on M5
        • 5-15 Pips on M15
        • 15-30 Pips on H1
        • 30-40 Pips on H4
    • We can use Exit Scope as alternate exit strategy
  • Sessions
    • Scalping - M5/M15 on London or US Session
    • Swing - H1/H4, avoid first day of the week
  • Supporting Tool
    • Ideally combined with price action trading
    • Confirm signals using Trend Laser
    • Confirm signals using Strength Meter
    • Avoid false signals by combining to Volume Critical
      • Avoid buy signals if Volume Critical is Overbought
      • Avoid sell signals if Volume Critical is Oversold
  • Color schemes for light and dark charts
  • Never repaints
  • Never backpaints
  • Never recalculates
  • Signals strictly on the "Close of the bar"
  • Compatible with Expert Advisor development


Video References

Please Watch in High-Definition to further understand


Intraday Strategy

Sample strategy combining to other indicators

  1. Wait for London or US Session
  2. Trend Laser on H4 and M15 should have the same color for confirmed trend
  3. Trend Laser M15 "Success Rate" at least 85%
  4. Razor Scalper Valid Signal in the direction of Trend Laser
  5. StopLoss Options
    • Recent Swing High/Swing Low
    • Trend Laser "Average Profit" to give extra buffer
    • Support/Resistance levels
    • Hard SL around 10-30 pips
  6. TakeProfit Options
    • TP equal to SL
    • Trend Laser "Minimum Move" for quick exit
    • Support/Resistance levels
    • Exit Scope as alternate exit
    • Hard TP around 10-30 pips
  7. Economic Events
    • Avoid signals 30 minutes before Major Impact News
  8. Optional: Avoid False Signals
    • Ignore buy signals if RSI is above 70
    • Ignore sell signals if RSI is below 30


Recommendations

For best results, we recommend low spread pairs on ECN type accounts.

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Effortless trading: non-repainting indicator for accurate price reversals Special Offer: Purchase now to receive free bonuses worth $60! (Read more for details) This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Upd
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
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Version 9.0 2024.07.07
Compatibility updates to new build.
Version 8.0 2021.11.19
Compatibility updates for the latest metatrader build.
Version 5.0 2017.03.02
Optimized performance
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