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free scalper indicator

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  • First Post: Jul 27, 2012 3:59pm Jul 27, 2012 3:59pm
i've randomly came acros a trading system which is given for free at this website :http://www.freescalperindicator.com/.
at first i thought it was another repainting indicator but after seeing some signals on the m1 i think that it doesn't repaint.
i'm writing this because if more people see it then we can say for sure if it repaints or not.
if it does not repaint the logic is simple. the colour changes , you have a signal bar and at the break of the signal bar you enter.
Attached Image (click to enlarge)
Click to Enlarge Name: freescapler indicator1.jpg Size: 134 KB
Attached File
File Type: ex4 freescalperindicator.ex4   5 KB | 10 downloads
Any reviews on this indicator?
best review is your own backtesting.
i am testing this indicator these days
and i can say after 5 years of trading
and test thousands of strategies, systems, experts and indicators
this is the only holy grail of indicators
this is heaven of indicators
thanks to author
I hope somebody change this indicator into EA.

This could be quite helpful.
thanks4share!
ha ... my backtesting worked . it got confirmed 3 years later. it wasn't a simple commercial indicator. it was free but the site was set up to look like a normal scam. i remember it. i don't think it is the holy grail but it's the best single decision entry indicator in technical analysis or close to. it has to be tested much much more in order to reach a conclusion but the maker deserves to publish the formula and to have his name attached to this.
Quoting majid1978
i am testing this indicator these days and i can say after 5 years of trading and test thousands of strategies, systems, experts and indicators this is the only holy grail of indicators this is heaven of indicators thanks to author

Are you sure it doesn't repaint? You can almost follow this indicator entirely and your trading would be profitable. If it doesn't repaint it's fantastic! Paris
No it does NOT repaint, but you cannot follow it "blindly", still have to filter out the signals....
If used together with CurrencyStrengthMeter and placing trades in the correct (i.e. trend) direction only, it might be a very useful tool for manual trading.

Making a rule-based strategy or EA relying on this indicator is more of a challenge, as deciding about optimal TP, SL, BE, trail stop parameters is almost like an ART FORM.
What a load of balony lol, here is EURUSD now on 1 min, if you took all trades in view as per the website says, it is 1 winner - 8 losers!!!

Although it's free, overall it's just a different approach to email marketing and building a email list, to get the indi you have to put you email in. Imagine how many people will do this, looking at the impressive website and it's convincing results. Now they can peddle out emails about paid systems to the email list as it grows daily.
Attached Image (click to enlarge)
Click to Enlarge Name: ba7086b69d4c9dc53db6a5e5b3110699.png Size: 25 KB
Nothing works well on the 1 min. On the 5 min it works very well. Paris
Quoting deankenny21
What a load of balony lol, here is EURUSD now on 1 min, if you took all trades in view as per the website says, it is 1 winner - 8 losers!!! Although it's free, overall it's just a different approach to email marketing and building a email list, to get the indi you have to put you email in. Imagine how many people will do this, looking at the impressive website and it's convincing results. Now they can peddle out emails about paid systems to the email list as it grows daily. {image}
5-4 on your picture. as i say.
I 'm using it in combination with this half trend indicator and you get fantastic signals. Paris
Attached File
File Type: mq4 HalfTrend 1 & alerts.mq4   6 KB | 4 downloads
Quoting Paris Hilton
I 'm using it in combination with this half trend indicator and you get fantastic signals. Paris {file}

Would that be on the 5 minute ? What is a favorite pair so far. Thank you
5 min Eur/Usd
EUR/JPY might be good too.
My chart with the free scalper indicator here, half trend indicator and Mika Jap indicators.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m5-fx-choice-limited.png Size: 48 KB
look how similar this indicator with rsi adx indicator
Attached File
File Type: ex4 RSI ADX indicator.ex4   4 KB | 2 downloads
Quoting kaiser soze
No it does NOT repaint, but you cannot follow it "blindly", still have to filter out the signals....
would you like to take a look to my trade explorer page
so click on my name
or click here:
http://www.forexfactory.com/majid1978
Hi Members!

My chart with free scalping indicator shows to me that:

Attached Image (click to enlarge)
Click to Enlarge Name: freescalping_strategy.jpg Size: 396 KB


I trade just on M15 with 11 pairs and with GOLD during London session.

Buy signal:
Free scalping indicator (per.18) Yellow
Multi timeframe PSAR indicator H4 ROW(that shows the long trend) Yellow

Sell signal:
Free scalping indicator (per.18) Red
Multi timeframe PSAR indicator - H4 ROW(that shows the long trend) Red

i use the Fibonacci expansion to set up the [email protected]

SL placed on the last swing low if trading Long, and the swing high if Short.


I tried many indicators and strategy, but it is the first what can I use profitable.
I shared this to help anyone for success trading.

Sorry for the weak english
Bye
Attached File
File Type: ex4 #TheSecret4 TF PSAR Bar4.ex4   15 KB | 3 downloads
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