This system is based on semafor indicator and is great for any currency pairs. The applicable timeframe for this method is 1 minute and 5 minutes with target profit of 12 pips and stop loss of 45 pips. Moving the target profit for a slower timeframe to 7 pips is a wise idea. The best time to exit is at the semafor or using a trailing stop to lock in profits.
Use a second backup screen for higher semafor check on M15/M30. The TRO says that you trade only at least H1 shows ANY semafore (1,2,3) in your direction.
The message box must tell you that a level 3 semafor has been detected in order for you to start scalping. It is the yellow one with a red circle around it.
Check the trend, then on the right side in the middle, the trend percentage must be at least over 70% in one direction, the higher the better.
Check Semafor 3 again and make sure, it is in very close range to the thick double lines blue and green. If it is in them or even past, get ready.
Check the RSI black and yellow line in the middle indicator on the screen.
If it is over 80 and semafor has touched or pierced blue double (bending) outer line.
If it is under 20 and semafor has touched or pierced green double (bending) outer lines.
Be aware that semafor is a repainting indicator and thus will appear more than on one candle after another, always marking highest of a trend.
For further confirmation of trends check the currency heat indicator at the bottom.
There is also the color bars top right on the screen telling you also what shall happen.
How to install XXL Scalping Forex Trading Systems?
Download XXL Scalping Forex Trading Systems.zip
Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
Copy tpl file (Template) to your Metatrader Directory / templates /
Start or restart your Metatrader Client
Select Chart and Timeframe where you want to test your forex system
Right click on your trading chart and hover on “Template”
Move right to select XXL Scalping Forex Trading Systems
You will see XXL Scalping Forex Trading Systems is available on your Chart