ScalpingPro is a new indicator for professional traders. The indicator is a ready-made scalping strategy. The algorithm calculates a micro trend, then searches for price roll-backs and forms a short-term trading signal according to a market price.
The indicator consists of a data window and a graphical signal on the chart in the form of an up or down arrow. The data window displays the current trading symbol, spread and appropriate trader’s actions: WAIT, SELL and BUY.
Advantages
- the indicator is a self-sufficient trading system
 - works with any trade symbols
 - works on any timeframes: M1 … MN
 - does not duplicate repeated signals
 - only the current signal is displayed, previous signals are removed from the chart and not considered when calculating a new signal
 
Parameters
- x1 – horizontal binding coordinates of the indicator data window to the upper left chart corner
 - y1 – vertical binding coordinates of the indicator data window to the upper left chart corner
 - alert – enable/disable the alert signal (default – enabled)
 - ColorBuy – up arrow (buy signal) color
 - ColorSell – down arrow (sell signal) color
 
Recommendations on working with the indicator
- For scalping, M5 or M15 timeframe is recommended, although M15 is better.
 - Select a trading symbol with an increased volatility.
 - The indicator info window displays the current spread. Keep this in mind and select the least spread when performing a trade.
 - Exclude trading time before and after the release of important news.
 - Exclude trading time when passing from one trade session to another.
 - When using this indicator, wait for the signal to appear and open a trade in its direction immediately. Note: The signal is triggered only for the time of one current candle and removed when a new candle appears, although this does not cancel the effect of the previous signal.
 - I recommend closing a trade showing the minimum profit during scalping.
 - Set a stop loss depending on the market situation or use a fixed value.
 
You can use the free AllClosedMt4 utility (https://www.mql5.com/en/market/product/26053) to automatically track your open positions.
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