BeST_ADX Scalping Strategy is an MT4 Strategy of an Entry and Exit Signals Indicator based on the ADX values that is an excellent tool for scalpers to scalp the currency market multiple times a day for profit.
It is built mainly for scalping purposes although it can also be used as a breakout indicator. Its Signals produce a complete and standalone trading system of impressive results. The indicator comes with a new enhanced Real Time Updated Info and Statistics Panel that can improve its overall performance.
You can Maximize its potentiality by using our FREE OFFER for everyone who purchased the product that is a very useful Multi-Scanner Indicator displaying the % Success Ratio and Profit Factor (P/L) in order to find the most promising trading setups (Symbols and Timeframes). After purchasing the Indicator just send me a private message in order to send you the FREE Scanner Indicator.
BeST_ADX Scalping Strategy Indicator
- Draws definite Entry and Exit Signals
- Draws always only after the bar closing and so is non-repainting and non- backpainting
- Displays suitable Stop-Loss and Take-Profit Levels
- Displays a real-time updated Info and Statistics Comment Table
- Has fully customizable colors, sizes & distances of all Chart objects
- Implements all MT4 Alerts for the Entry and Exit Signals
Note
It’s recommended to use the indicator as a Scalper on the M1 and M5 charts.
For better profits, use on low spread currency pairs mainly.
For a Buy Signal:
Aim for 4 – 10 pips profit/buy trade.
Place a stop loss below short-term support or use your own preferred SL value/method.
For a Sell Signal:
Aim for 4 – 10 pips profit/sell trade.
Place a stop loss above short-term resistance or use your own preferred SL value/method.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
Inputs
Basic Settings
- LB Period for ADX
- Price Applied to ADX
- Level for ADX
- LB Period for PDI
- LB Period for MDI
- Take Profit Value (in pips)
- Stop Loss Value (in pips)
Displaying Settings – for selecting which chart objects and features to show/activate (all false by default)
Graphical Settings – for selecting the color, size and distances of drawn objects
Arrows Settings – for controlling Entry arrows’ features
Alert Settings – for controlling the use of Entries and Exits MT4 Alerts
For EA Developers
- Buy Arrows: Buffer = 0
- Sell Arrows: Buffer = 1