Indicators

The scientific scalper indicator

This “Scientific Scalper” indicator does all the heavy lifting & gives you accurate signals for scalping on the 5-minute, 15-minute, and 1-hour time frames. To increase its accuracy, the indicator uses an approach that we call “double confirmation”.

Here’s the first confirmation: The indicator analyzes the underlying trend to make sure you always trade with the trend.

Here’s the second confirmation: Once we’re sure the trade is in the direction of the general trend, the indicator’s complex algorithm then detects when the market is overbought or oversold. So you can be sure the signal you get has the highest probability to win.

Let me show you exactly how it works:

First off, the background of the indicator panel tells you the direction of the current trend…

Here’s what I mean:

As you can see, if the background of the indicator is blue, that means the current trend is up. On the other hand, if the background is red, that means the trend is down:

And this ability of the indicator to detect the underlying trend is very important. Because this way, you can be sure you always trade WITH the general trend, and not against it.

Now that you’ve identified the general trend, here’s the next thing the “Scientific Scalper” does for you:

Second, the “Scientific Scalper” indicator gives you a timely signal as soon as it detects that the market is overbought or oversold…

Buy signal: Whenever the indicator detects that the market is oversold, it gives you a Buy (blue) signal. But to increase probability, only consider this signal valid IF the background of the indicator is blue (that means the general trend is up).

In other words, if the background is blue, only buy signals are considered valid. And we’ll ignore all sell signals.

Here’s an example to illustrate this point:

In this case, since the general trend is up (the background of the indicator panel is blue), we only consider the 2 buy signals valid. And we wouldn’t take the short signal as it would be trading against the trend.

Now let’s see how these 2 buy signals work out:

Just as the indicator predicted, these 2 buy signals lead to 2 easy winning trades. In addition, the Scientific Scalper indicator also gives us a third buy signal which results in a third winning trade. Cool, isn’t it?

Now, let’s talk about…

Sell signal: Whenever the indicator detects that the market is overbought, it gives you a Sell (red) signal. But to increase probability, only consider this signal valid IF the background of the indicator is red (that means the general trend is down).

In other words, if the background is red, only sell signals are considered valid. And we’ll ignore all buy signals.

Take a look at an example trade:

In this example, as the background of the indicator panel is red (that means the underlying trend is down), we only consider sell signals as valid and we ignore all buy signals.

Now, let’s see how the 3 sell signals that the Scientific Scalper indicator gives us works out:

As you can see, once again, the indicator didn’t let us down. If we took these scalping trades based on the signals the Scientific Scalper indicator gave us, we would have gotten 3 easy winning trades. Fast and effortless. Just the kind of trades we want, don’t you think?

And here’s where it gets even more interesting. Let me give you…

My exact strategy (for maximizing the chance of winning) based on this Scientific Scalper indicator…

The Scientific Scalper indicator is extremely flexible. It works with and complements your existing trading strategy.

That said, I’d like to give you my personal strategy for scalping with this amazing indicator. This would serve as a useful starting point. So, take this strategy, add your own ideas, test it and make it your own. This is the only real way to become a profitable trader in the long run.

So here it goes:

1.    Switch to a higher time-frame (like 4-hour), and use the Scientific Scalper indicator to determine the trend on this higher time-frame.

Let’s take a look at this example:

In this example, the background of the Scientific Scalper indicator is red, indicating that the trend on the 4-hour time-frame is down. So we’re only looking for selling opportunities.

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