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Forex Day Trading indicator (MT4/MT5) Indicator
Day Trading indicator has been especially designed for scalping intraday charts and detects reversals in a Zig-Zag fashion, without repainting or backpainting at all.
Amazingly easy to trade
Trade reliable price reversals
Optional continuation patterns can be displayed
Chart statistics will help you to optimize your trading
It works on every single timeframe without fine tuning
The indicator is non-repainting
Based on breakouts and congestion zones of variable lengths, the indicator uses only price action to pick trades and reacts to the market extremely fast. Its winning ratio is around 90.
The potential profit of past signals is displayed
The indicator analyzes its own quality and performance
Losing signals are not hidden, but highlighted and accounted
It implements email/sound/visual alerts
How to trade
Extremely simple, yet useful for beginner or seasoned traders.
Scalping in a nutshell
The Day Trading is a very complex indicator that relies on variable length breakouts and congestion zones on donchian peaks or bottoms, but it keeps the nitty-gritty stuff for itself. All you need to know to trade it is the following.
A blue arrow is a bullish formation and you should buy
A red arrow is a bearish formation and you should sell
Sometimes you will bump into losing trades, which are almost always caused by sudden spike bars with long wicks against the trade direction. Because volatility decreases as you go up in timeframes, trading H1 and H4 charts will yield the best results.
This file is sold by mike5959, an independent seller on Tradebit.