About MasonFx scalping indicator
MasonFx Scalping System is developed on the M1 (1-minute), M5 (5-minute) and M15 (15-minute). The system is primarily based on MasonFx Scalping custom indicator - a strong and superior indicator running on "Metatrader 4" platform that can identify crucial points of reversal patterns (aka Turning Points). As the consequence, it isn't a killer indicator with minimal risk for scalping strategies builder, but also an important tool for other popular trading strategies including: swing, trend, breakout, news, price action or even unpredictable volatility. The trading strategy presented in this guide presumes the reader has basic knowledge of Metatrader 4 platform and forex trading.
With only few clicks, early warning entries can be generated by the MasonFx Scalping indicator about possible bullish or bearish pattern reversals with 12 distinct state-of-the-art scalping ways. Let us say that if you've got a supreme scalping system grouped by more than 8 indicators on a single chart, you may think back twice to construct a brand new ultimate scalping system based on MasonFx Scalping indicator.
MasonFx Scalping Indicator is recommended to attach on the M1, M5 and M15 chart and the best pairs could be GBPUSD, USDJPY, USDCAD and EURJPY. However, I don’t restrict the use of the indicator. It is possible to find your own parameters to profit any instruments from stock, commodity, forex or bitcoin.
Installation, activation, parameters and market insight integration are detailed in installation guide.
MasonFx Scalping System – Simple (straightforward strategy)
To be clear, the Masonfx scalping system (straightforward strategy) indicates you could trade with MasonFx scalping indicator in ranging forex market at the best. The ranging market could be discovered most of the time in the M1 - M15 timeframe. Simple and straight forwards, enter buy when you see buy sign (arrow up) and enter sell when you see sell sign (arrow down). Treat each trade sign with desired risk management rather than trading arrow to arrow (closing one and opening another one with the opposite trade signal occurs). The fundamental risk management could be a 2:1 (Reward: Risk) ratio. Assuming that you want to enter the trade with 10 pips stop loss, so 20 pips is your take profit target.
In addition, the market insight dashboard is really helpful for the straightforward strategy. For instance, it's probably a profit trade when you enter long when MFSS indicates UPTREND (or higher level), combining with oscillator F indicates BULLISH or oscillator S indicates BULLISH.
MasonFx Scalping System – Genesis (v2.0)
This section proposes the scalping system borrowed several tools from Genesis Matrix Trading. Hence, the word "Genesis" represents to Genesis Matrix team. They've done amazing job to capture the gain from volatility chart of 1-minute to 15-minute timeframe. Their works inspired me a lot to create the MasonFx scalping indicator.
You might discovered that Genesis Matrix system enters the trades occasionally late as a result of its use of lagging indis. Whereas, MasonFx scalping indi is a leading indi estimating high successful triggers of turning points. So, let us see the advantage of an improved system.
This system implies the M15 and M5 timeframes of Metatrader 4. Below is an example of trading set up using the 5M GBPUSD chart.
Note: this section is an example to reveal MasonFx scalping indicator could be a strong tool to enhance trading systems that are well-known. Several tools are used by MasonFx scalping Genesis strategy from Genesis Matrix system. So, I cannot give any helps regarding indis and codes from Genesis Matrix system. Please find the references on below for the support of indi, system and coding from the Genesis Team. I just can give my support to you about the MasonFx indicators.
Indicators (all included in download library):
- MasonFx scalping indicator (Auto Mode setting)
- 1H RSI
- Genesis Matrix
- Heiken Ashi Candles
- M15 MTF Stochastic
Additional indicators:
- M5 Stochastic
- Masonfx Pivots
Entry Rules:
1H time frame:
RSI 50 above 50 is uptrend
RSI 50 below 45 is downtrend
5M time frame:
Trigger:
Only trade MasonFx Scalping Arrow with 1H RSI trend (RSI uptrend - only trade with up arrow, RSI downtrend - only trade with down arrow)
After the arrow happens, we look for two confirmations within 6 M5-Bars (30 minutes) since the last arrow. Send the trade right on the arrow, if the two confirmations was satisfied before the arrow happens.
Primary confirmation - 4 out of 6 conditions are sufficient to pass the first confirmation:
-- Each Genesis Matrix as one condition. 4 dots are 4 conditions separately.
-- M15 Stoch crossover and moving toward 20-80 (oversold-overbought threshold).
-- HA bar turned to the same colour with Genesis Matrix Dots.
Final confirmation - Crucial condition must be followed:
-- Space from planned trade to recent highest high/ lowest low (HH/LL) is lower than 15 pips (4 Digit Brokers).
Stop loss:
Set stop loss at least 5 pips + spread below the recent highest high/lowest low. By setting to these points, the strategy just has maximum stop loss of 20 - 22 pips (15 pips space 5 pips spread). It might be enough space to let the price move. This also means you need to set your trades as close to the HH/LL points as possible.
You exit trades when:
- You could use general scalping exit methods by applying 2:1 or 3:1 (Reward: Risk) ratio.
- M15 Stoch crossover in direction against holding position in range 20-80 could be a strong exit. Or
STO15M slow line touches/crosses 20/80 line from OB/OS
- Opposite MasonFx scalping indicator signals in ranging market (exit when opposite MasonFx signals appear in ranging market)
- All Genesis Matrix exit rules are also worth to practice. Genesis Matrix System: Official thread
See trading details : post#8
Free trial period is currently closed. Please find out more in our homepage.
http://masonfx-expert.com/
v3.0.7 - 11/2014
MasonFx Scalping System is developed on the M1 (1-minute), M5 (5-minute) and M15 (15-minute). The system is primarily based on MasonFx Scalping custom indicator - a strong and superior indicator running on "Metatrader 4" platform that can identify crucial points of reversal patterns (aka Turning Points). As the consequence, it isn't a killer indicator with minimal risk for scalping strategies builder, but also an important tool for other popular trading strategies including: swing, trend, breakout, news, price action or even unpredictable volatility. The trading strategy presented in this guide presumes the reader has basic knowledge of Metatrader 4 platform and forex trading.
With only few clicks, early warning entries can be generated by the MasonFx Scalping indicator about possible bullish or bearish pattern reversals with 12 distinct state-of-the-art scalping ways. Let us say that if you've got a supreme scalping system grouped by more than 8 indicators on a single chart, you may think back twice to construct a brand new ultimate scalping system based on MasonFx Scalping indicator.
MasonFx Scalping Indicator is recommended to attach on the M1, M5 and M15 chart and the best pairs could be GBPUSD, USDJPY, USDCAD and EURJPY. However, I don’t restrict the use of the indicator. It is possible to find your own parameters to profit any instruments from stock, commodity, forex or bitcoin.
Installation, activation, parameters and market insight integration are detailed in installation guide.
MasonFx Scalping System – Simple (straightforward strategy)
To be clear, the Masonfx scalping system (straightforward strategy) indicates you could trade with MasonFx scalping indicator in ranging forex market at the best. The ranging market could be discovered most of the time in the M1 - M15 timeframe. Simple and straight forwards, enter buy when you see buy sign (arrow up) and enter sell when you see sell sign (arrow down). Treat each trade sign with desired risk management rather than trading arrow to arrow (closing one and opening another one with the opposite trade signal occurs). The fundamental risk management could be a 2:1 (Reward: Risk) ratio. Assuming that you want to enter the trade with 10 pips stop loss, so 20 pips is your take profit target.
In addition, the market insight dashboard is really helpful for the straightforward strategy. For instance, it's probably a profit trade when you enter long when MFSS indicates UPTREND (or higher level), combining with oscillator F indicates BULLISH or oscillator S indicates BULLISH.
MasonFx Scalping System – Genesis (v2.0)
This section proposes the scalping system borrowed several tools from Genesis Matrix Trading. Hence, the word "Genesis" represents to Genesis Matrix team. They've done amazing job to capture the gain from volatility chart of 1-minute to 15-minute timeframe. Their works inspired me a lot to create the MasonFx scalping indicator.
You might discovered that Genesis Matrix system enters the trades occasionally late as a result of its use of lagging indis. Whereas, MasonFx scalping indi is a leading indi estimating high successful triggers of turning points. So, let us see the advantage of an improved system.
This system implies the M15 and M5 timeframes of Metatrader 4. Below is an example of trading set up using the 5M GBPUSD chart.
Note: this section is an example to reveal MasonFx scalping indicator could be a strong tool to enhance trading systems that are well-known. Several tools are used by MasonFx scalping Genesis strategy from Genesis Matrix system. So, I cannot give any helps regarding indis and codes from Genesis Matrix system. Please find the references on below for the support of indi, system and coding from the Genesis Team. I just can give my support to you about the MasonFx indicators.
Indicators (all included in download library):
- MasonFx scalping indicator (Auto Mode setting)
- 1H RSI
- Genesis Matrix
- Heiken Ashi Candles
- M15 MTF Stochastic
Additional indicators:
- M5 Stochastic
- Masonfx Pivots
Entry Rules:
1H time frame:
RSI 50 above 50 is uptrend
RSI 50 below 45 is downtrend
5M time frame:
Trigger:
Only trade MasonFx Scalping Arrow with 1H RSI trend (RSI uptrend - only trade with up arrow, RSI downtrend - only trade with down arrow)
After the arrow happens, we look for two confirmations within 6 M5-Bars (30 minutes) since the last arrow. Send the trade right on the arrow, if the two confirmations was satisfied before the arrow happens.
Primary confirmation - 4 out of 6 conditions are sufficient to pass the first confirmation:
-- Each Genesis Matrix as one condition. 4 dots are 4 conditions separately.
-- M15 Stoch crossover and moving toward 20-80 (oversold-overbought threshold).
-- HA bar turned to the same colour with Genesis Matrix Dots.
Final confirmation - Crucial condition must be followed:
-- Space from planned trade to recent highest high/ lowest low (HH/LL) is lower than 15 pips (4 Digit Brokers).
Stop loss:
Set stop loss at least 5 pips + spread below the recent highest high/lowest low. By setting to these points, the strategy just has maximum stop loss of 20 - 22 pips (15 pips space 5 pips spread). It might be enough space to let the price move. This also means you need to set your trades as close to the HH/LL points as possible.
You exit trades when:
- You could use general scalping exit methods by applying 2:1 or 3:1 (Reward: Risk) ratio.
- M15 Stoch crossover in direction against holding position in range 20-80 could be a strong exit. Or
STO15M slow line touches/crosses 20/80 line from OB/OS
- Opposite MasonFx scalping indicator signals in ranging market (exit when opposite MasonFx signals appear in ranging market)
- All Genesis Matrix exit rules are also worth to practice. Genesis Matrix System: Official thread
See trading details : post#8
Free trial period is currently closed. Please find out more in our homepage.
http://masonfx-expert.com/
v3.0.7 - 11/2014
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Uploaded Mar 29, 2015 10:21pm