Trendline Scalper Trading System

Trendline Scalper Trading System got popular among traders for its capability to draw the trendline slope accurately. This automatic trendline supporting tool has designed to assist many traders who felt difficult to draw daily trendlines for their trading purposes.

Trendline Scalper Trading System suit to trade any forex currency pairs available at the MT4 trading platform. It recommend to use lower time frames like 1-minute, 5-minute, and 15-minute time frame. After the installation of the system is completed, main chart of MT4 should be look like:

Trendline Scalper Trading System

Indicators:

• Trendline V1.1: It draw the trendlines and plots the slope line at chart automaticly. These levels works as the support and resistance levels of the market. the buy signal is generated when the price bar move at the higher low in a bullish trend while sell from the lower high in a bearish trend of the market.


• Stochastics: One of the popular forex indicators.If its value below 20 means the market in oversold condition. While Stochastics above 80 level it means the market has already entered to its overbought condition.

Trendline Scalper Trading System Indicator

Trading rule:

BUY entry:

• Trendline Scalper should be in uptrend.
• Price bars hold its position right above the current Trendline hV1.1.
• Stochastics value reaches below 20 (oversold).
• Order Buy when the above parameters are met.
• Put stop loss below the trendline.

SELL entry:

• Trendline Scalper should be in downtrend.
• Price bars hold its position right below the current Trendline hV1.1.
• Stochastics value reaches above 80 (overbought).
• Order Sell when the above parameters are met.
• Put stop loss above the trendline.

Trendline Scalper Trading System Buy condition

Trendline Scalper Trading System Sell condition

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