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MarketScalper 5.5 PDF
MarketScalper 5.5 PDF
Net
SYSTEM REQUIREMENTS: Windows (XP, Vista, Win7, Mobile), Metatrader 4 (free), Sound
Card (optional - for audio alerts)
This is the official listing for MarketScalper PRO v5.5 plug-in for Metatrader 4 (and 5). It
includes ALL of the features shown below.
Your purchase also comes with a LIFETIME UPGRADE LICENSE for MarketScalper PRO.
All future versions will be emailed to you, free of charge.
KEY FEATURES
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Discuss and exchange strategies with myself and other users via MarketScalper
Forum (full complimentary membership).
Unlimited technical support.
AGGRESSIVE MODE
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This is for those traders looking to take more risk, but also scalp higher rewards. The algorithm
scans for turning-points more aggressively and therefore identifies them more frequently. If you
trade often, and like excitement, this is for you.
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HIGH-PROBABILITY MODE
The indicator only looks for price behavior that has the highest statistical probability of
becoming a turning point (or a retracement, swing etc). You miss out on few trades, but you also
reduce your risk. If you like minimal risk, and are patient, then this mode will suit you well.
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BALANCED MODE
The best of both worlds. This is my favorite, and indicator's default setting. It combines
reasonable risk and maximum return on investment. Most users trade with this setting.
MANUAL MODE
If for some reason the first 3 indicator modes do not fit your market or time frame, don't worry,
there's a mode for that too! Manual mode lets you define custom settings to fit your specific
trading portfolio, strategy, and style. Two simple settings, Range and Sensitivity, give you the
complete control over MarketScalper PRO's behavior. One targets the magnitude of the price
range, the other, risk.
The example below is manually configured for narrow range and more aggressive behavior. If
you traded each signal with just 10-pip take profit...well you get the point.
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MarketScalper PRO issues real-time alerts but also draws all of the historic arrow signals based
on selected mode, allowing for easy visual backtesting.
MarketScalper PRO comes bundled with a trading dashboard, comprised of Mode Selection and
Market Snapshot Pro modules. The first keeps track of mode (and related settings) currently
being applied, making referencing a split-second effort. The latter is a powerful market
monitoring tool, used to visually validate each signal through affirmation of prevailing bias and
trend.
RAZOR5 ENGINE
MarketScalper PRO v5's new algorithm was built from scratch, and incorporates
3 times as many subroutines as previously found in v4, each one independently
detecting, comparing, and qualifying momentum exhaustion, retracements, and
other scalping opportunities. Below are sample screenshots showing each of the 4
modes in action:
SIGNAL FILTERING
We all know how turbulent markets can get, especially during news. For the first
time ever, MarketScalper PRO now includes a user-activated filter, which
independently qualifies and rates each signal, informing users of only the most
probable turning points. The filter, which is on by default, can be activated or
deactivated in any mode, including Manual.
You may wish to deactivate the filter if you're using MarketScalper PRO in a
Multiple Instance Strategy scenario, or if you're using it to close trades opened by
other indicators, like TradeBuilder. In each case you'd want MarketScalper PRO
to be more reactive to price action, and turning the filter off would accomplish
just that.
Below is a EUR/CHF M1 example demonstrating filtration in process. The
unfiltered setup would be ideal for aggressive scalping or using the signals to
close already-open trades. The subsequent filtered setup is the exact same market,
time frame, and mode, but with the filter applied, offering signals of only the
highest importance.
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CONTINUAL OPTIMIZATION
RAZOR5 was developed to be highly expandable. Algorithmic updates will be
published every second Sunday containing the latest behavioral market definitions
and rules for the indicator to take advantage of. This step will ensure that
indicator performance remains optimal. When MarketScalper PRO v5 is attached
to a chart, a message in the bottom-left will display the definition ruleset (Build)
that the indicator is presently parsing. This text can be turned on or off.
ENHANCED ALERTS
Email and pop-up alerts are now more readable, and include a PRICE LEVEL at
which signal was issued. This was a widely requested feature by numerous
members.
Audio alerts now also include options to assign a specific sound to each, Long
(Buy) and Short (Sell) signal. There are 13 sound samples to choose from,
including voice-overs announcing "Buy" and "Sell" conditions (both of which are
defaults for their respective signals).
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How does this new tool help a scalper? It informs them of short and long term
market trend, thereby acting as an additional signal filter. For example, if both,
the underlying and immediate trend were bullish, then LONG signals would have
higher probability of success, since market is less likely to go against them. Trend
Gauge displays 4 possible states per each trend term:
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It is worth mentioning that some people solely use Advanced Market Bias
Monitor to trade. They wait until the index hits 99 (max overbought value) to go
short, and 0 (max oversold) to go long for a few quick pips.
XAU/USD M15
2. Simply enter 1,2,3 in the first field to select Aggressive, High-Probability, or Balanced
mode, or set Manual to true to unlock Range and Sensitivity. The latter 2 settings let you
customize the indicator to suit any market, any time frame, any strategy.
3. Once a turning point is detected, MarketScalper PRO will issue a signal via arrow, audio,
and pop-up alert. All alerts are always issued on confirmation, on a candlestick, bar or
line once the period closes, and never repaint.
You may additionally set up Email alerts, an option which delivers all signals right to
your inbox.
4. (optional) Use multiple instances of MarketScalper PRO, each with a different mode, if
your trading strategy demands it. For example, you could use a high-probability mode
instance to open trades, and aggressive mode to close.
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