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Red Scalping

Red Scalping is 100% Not repainting indicator, it analyzes the market volumes and volatility, follows strong supply and demand movements placing buy/sell Signal with Arrow.

The Indicator work on 5 min Scalping New York Session and is a system based on momentum trend.



Requirements:

  1. The Indicator has been programmed for major pairs and Indicies with M5 TimeFrame
  2. Brokers that offer low commissions will significantly increase your profit


You can decrease the Drawdown by decreasing your Risk.



Strategy Explain

Session Trading: New York (1 hour after open 16:30-22:30 Berlin GMT).



Forex Indicators used:

Heiken Ashi

Red Scalping

Stochastic Oscillator (10, 3, 3, Higl/Low)


Relative Strength Index (9 periods)

 

Rules for 5 min Scalping New York Session

 

Long Entry

Dark Green Heiken Ashi

Stochastic oscillator cross upward

Relative Strength Index (9 periods) > 50 level

Red Scalping Green Arrow Signal


 

Short Entry

Red Heiken Ashi

Stochastic oscillator cross downward

Relative Strength Index (9 periods) < 50 level

Red Scalping Red Arrow Signal


 

Exit position

At the oppoisite arrow or with fast profit target.

Place intitial stop loss below the previous swing.

 

Some also use this type of method after 17:00 (GMT Berlin).


Parameters

  • Fast Periods: Periods for fast MA
  • Slow Periods: Periods for slow MA
  • Ma Mode: Mode for MA
  • Applied Price: Price for calculate indicators
  • Send Alert: send alert in metatrader
  • Send Push notify: send push notify on Your smartphone

With Push Notify, you can Receive 100% of signal Buy or Sell Direct on your Smartphone, so for example you can do any activity you prefer, but when there is a signal, it will be promptly alerted by the indicator!



Before using a real account, try the indicator with low risk or a demo account

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