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Royal Scalping Indicator M4

149 USD

Demo downloaded: 408

Published: 29 December 2021

Current version: 1.5

Royal Scalping Indicator M4

4.2

Indicators
Vahidreza Heidar Gholami
Version: 1.5
Updated: 2 December 2022
Activations: 10

Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself.

Features

Price Adaptive Trend Detector Algorithm
Multi-Timeframe and Multi-Currency Trend
Low Risk Signals
Sound Alerts, Push Notifications, Flasher, …
Highly Adjustable (All important parameters exposed and can be optimized for Expert Advisors)
Dose Not Repaint

Please don't hesitate to contact me directly if you have any question or difficulty related to this product. You will get instant responses to your questions sent through MQL5 messenger.
Watch the tutorial video at the end of this description.
Don't forget to subscribe to my Youtube Channel.

How it works

Royal Scalping Indicator includes two different oscillators. A trend oscillator colored in orange predicts the overall trend of the market, and an orchid signal oscillator which generates buy and sell signals.

From the point where the trend oscillator leaves the lower zone and goes through the upper zone before the point that it gets out of its upper zone, the market is considered to be in uptrend direction. Conversely, its transition from the upper zone toward the lower zone and also its presence in the lower zone indicates that the market is in downtrend direction.

A buy signal is where the signal oscillator is in the lower zone (below level 20) and the trend oscillator is predicting an uptrend at the same time. Sell signals are generated where the signal oscillator is in the upper zone (above level 80) and the trend oscillator is predicting a downtrend at the same time.

The signal oscillator finds pullbacks in the overall trend and helps traders to ride the trend with lower risks which means tighter stop losses can be used.

Alerting System

Royal Scalping Indicator can be configured to alert traders through sound, by flashing the chart, phone notifications, email and MetaTrader alert window. It can be adjusted to notify you only for an arbitrary number of signals from the beginning of a trend where the trend is not old and not inclined to get reversed.

Input Parameters

To avoid a long list of confusing inputs, most of the input parameters have been represented as a set of inputs in a row separated by commas. For example there are two related parameters for the signal oscillator but written as a single string input Signal Period [EMA, Channel] which means the input should be entered like 3,5. This means you enter two values, the first one is a fast period for an EMA and the second one is a slow period for a channel which both belong to the signal oscillator.

Trend [Symbol, Timeframe]

For the trend oscillator both symbol and timeframe can be different from the symbol and timeframe of its chart. Using a negative sign before a symbol means you want the inverse of the trend oscillator for the specified symbol.

Input Example	Description
USDJPY, H1	Use USDJPY data on H1 timeframe
usdcad	Use USDCAD data on the current timeframe
,h4	Use timeframe H4 on the current symbol
-GBPUSD, H1	The dash sign before the name of the symbol makes the indicator inverts the symbol from GBPUSD to USDGBP

H1 trend can be used in M30 and M15 charts. M5 trend can be used in M1 chart, but don't use for example H1 trends on M1 charts. Be aware that one bar in H1 represents 60 bars in M1 which can propagate inevitable repainting from H1 to M1.

Fast and Slow Channel Parameters

To have a price adaptive trend oscillator enter three values for both Trend Fast CH and Trend Slow CH.

Input examples:

Trend Slow CH [Period1, Period2, ER] = 6, 30, 9

Trend Fast CH [Period1, Period2, ER] = 3, 14, 9

If its preferred to have a Simple Scalping Indicator, enter only a fast period for Trend Fast CH and a slow period for Trend Slow CH.

Input examples:

Trend Slow CH [Period1, Period2, ER] = 150

Trend Fast CH [Period1, Period2, ER] = 14

more...

Video

2245

elite luis 2023.03.04 05:04 #

Yes agreed is good indicator, Thanks Author! but currently the arrow in subwindow is hard to see, can you please check comment and make the 5x enhacement to the arrow please ok? *update* Author immediately start coding the arrow enhancement, he is super passionate and responsive open to customer request idea/suggestion, Author constantly update and improvement to make it better, Best Buy for 2023! Worth every penny! Big Thank Author for being so passionate and dedicated to your indicator! Thumbs up for you! :)

147

enoruz 2022.09.16 17:03 #

good indicator, please add arrow

462

Chad Gammons 2022.05.19 06:25 #

Excellent indicator! Using it on different time frames at the same time really helps to catch a big cycle in a strong trend! Absolutely love this indicator!

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MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged by the user to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify the user about market events. Features Supports most of the channel algorithms Powerful trend det

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MetaForecast predicts and visualizes the future of any market based on the harmonics in price data. While the market is not always predictable, if there is a pattern in the price, MetaForecast can predict the future as accurately as possible. Despite other similar products, Metaforecast can generate more accurate results by analyzing the trends in the market. Input Parameters Past size Specifies the number of bars (points) that MetaForecast uses to create a model for generating future predic

69 USD

Meta Trend Indicator is an efficient way to forecast and detect the trend in any market. It reveals the trend, support and resistance levels, volatility and the maximum potential target, all in one indicator. To adapt to the price and to decrease consecutive trend failures, the internal trend detector algorithm studies the market and dynamically chooses the right values for the internal parameters. This indicator is a perfect trend filter for any strategy or expert advisor. Features Super Adapti

99 USD

129 USD

The trend in the market can be predicted using trend lines but the problem is you don’t know where exactly the price is going to touch the trend line where you can put your pending orders on. Smart Channel Expert Advisor makes it possible to put an advanced channel around the price data, which can be configured to handle placing orders, opening and closing positions, managing risk per trade, spread, slippage, and trailing stop-loss and take-profit automatically. Features Money Management (Calc

129 USD

99 USD

69 USD

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SupremeFXTrading 2023.03.11 12:27 #

Daylight robbery! appalling indicator. Stay away, i have taken the 150 dollar hit in return for a lagging indicator. Open to debate and show evidence of too.

Response 12/3.

My friend I did not ask for a trading lesson. I have a perfect working strategy. The reason why this market place exists is so traders can further enhance the trading strategy and be profitable. Your indicator gives nothing but false signals, why sell a duff indicator and have traders lose there hard earnt capital. I am a profitable trader and as I said i will take the hit. 90% of the indicators on here give you something, this falls into the 10%. I sent you a screen shot of 3 failed signals back to to back. I find it amusing how the authors always put it down do unpredictable markets, hold on isn't that what good indicators are designed to do?, to filter the noise and leaving the end user to make a good informed investment on a asset? I've lost no sleep over it my friend.

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Reply from developer Vahidreza Heidar Gholami 2023.03.12 22:12 #

Would it be possible for you to consider whether you could have seen the daylight robbery using the Strategy Tester? Royal Scalping never repaints or modifies past signals, which means that what you see on the strategy tester is precisely what happens on a real account. You have the option to backtest and see failed signals in the strategy tester before purchasing the product. It's important to keep in mind that financial markets can be unpredictable, and it's a battle between buyers and sellers. As a seller, I assume that my customers understand the risks and are knowledgeable about what they're doing. If you're looking for a perfect system with no lag, please note that trading involves not only opening and closing trades but also managing risks effectively. Every indicator and strategy can experience consecutive losses and some lag in predicting the market, which can be either negative or positive but never zero.
Based on your account ratings (57), it seems that you have not tested any other indicator that could validate your claim that Royal Scalping falls into the 10% category. May I politely ask, if you possess a perfect strategy, what is the necessity of incorporating this particular indicator? It is mathematically proven that almost all symbols are random (hard to predict), and although Royal Scalping utilizes layers of filters to denoise the price data, it should be noted that filtering generates lag. The financial markets are very complex and nonlinear, and I understand that three failed signals may appear to be a significant amount for you.

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elite luis 2023.03.04 05:04 #

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enoruz 2022.09.16 17:03 #

good indicator, please add arrow

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Reply from developer Vahidreza Heidar Gholami 2022.12.02 15:24 #

Arrows for buy and sell signals have been added.
Thank you for the feedback.

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Chad Gammons 2022.05.19 06:25 #

Excellent indicator! Using it on different time frames at the same time really helps to catch a big cycle in a strong trend! Absolutely love this indicator!

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Aravind Kolanupaka 2022.02.26 01:33 #

Good Work!

Version 1.5 2022.12.02

Arrows for buy and sell signals have been added.