Profit Indicator is an MT4 forex indicator based on the OSMA. This indicator can used for scalping forex strategy and trend following. You can add other custom MT4 indicator as a filter. This indicator is suitable for scalping on a time frame M5-M15, and recommended major currency pairs.
Time Frame : M5 - M15
Currency Pair : Any (Recommended major pair)
Metatrader Indicators :
Profit indicator
SimpleBars matf (used as a filter and set at H1 or H4)
Template :
Profit Indicator Default.tpl
Profit Indicator With Filter.tpl
Sreenshot Profit Indicator Default :
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Profit Indicator Default[/caption]Sreenshot Profit Indicator With Filter (USDCHF) :
[caption id="attachment_2371" align="aligncenter" width="677"]
Profit Indicator With Filter[/caption]Sreenshot Profit Indicator With Filter (EURAUD) :
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Profit Indicator With Filter[/caption]Setup Filter Indicator SimpleBars matf :
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Setup Filter Indicator[/caption]If you want to change the setting of filter indicator (SimpleBars matf), you just change the Time Frame like image above
Trading Rules Scalping Strategy With Profit Indicator :
Buy Entry :
1. Profit indicator green line above zero level
2. If using a filter, SimpleBars matf indicator with the green color
Sell Entry :
1. Profit indicator red line below zero level
2. If using a filter, SimpleBars matf indicator with the red color
Exit position at the opposite signal and place initial stop loss on the previous high/low swing
Free Download Scalping Strategy With Profit Indicator :
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