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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

Powered by the proprietary RAZOR5 algorithm (featuring PureScalpTM


technology), one of the most advanced and profitable scalping (turning-point
detection) algorithms on the market.
Specifically developed to identify and trade turning-points, swings, and
retracements.
Very simple to use: drop it onto a chart, select a trading mode, and receive
signals/alerts.
4 unique trading modes for all money management and risk appetite styles:
Aggressive, High-Probability, Balanced, and even Manual if you feel like taking the
indicator off autopilot.
User-activated, powerful signal processing filter helps you qualify only the most
probable signals. Available in any of the 4 modes.
Trade any market (FOREX, futures, CFDs, stocks, indices, etc.) at any time frame MarketScalper PRO's integrated neural net automatically adapts.
Stay constantly in the market by receiving audio (including voice-over), arrow, popup, and email alerts every time turning points are detected.
All alerts and signals (including arrows) issued by MarketScalper NEVER
REPAINT, as they are confirmed by the program beforehand. What you see on
screenshots is real-time indicator performance.
Includes a fully integrated version of Market Snapshot Pro - a powerful market
monitor designed to help you re-validate each signal.
Fully customize the appearance of arrow signals to fit any template: choose from 9
different types, and hundreds of colors.
Like all my other indicators, MarketScalper PRO has been thoroughly tested for
profitability. It passed all tests, and performed very strongly, especially with lower
time frames (1-60min).
Receive MarketScalper PRO fifth generation (v5.x) lifetime upgrade license,
including all additional enhancements and features. The detection algorithm is
frequently tweaked and improved as new market behavior emerges.

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Discuss and exchange strategies with myself and other users via MarketScalper
Forum (full complimentary membership).
Unlimited technical support.

ONE PLUG-IN, 4 MODES, ENDLESS OPPORTUNITIES


FOREX and most other markets range approximately 80% of the time. Statistically speaking,
that is a very large figure, and one definitely worth capitalizing on. That statistic is what gave me
the idea to create a highly specialized indicator that takes advantage of those bountiful market
opportunities. I'm not selling a robot or an automated trading system as I firmly believe that each
trading strategy is as unique as the trader who uses it. Nor am I going to promise or guarantee
any unrealistic returns. However, I am offering a very effective trading tool that caters to your
money and risk management style, and seeks out ranging, swinging, and retracing market
behavior.
MarketScalper PRO comes programmed with 4 modes: Aggressive, High-Probability, Balanced,
and Manual.

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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MODE MANAGEMENT AND BACKTESTING

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.

NEW IN VERSION 5/5.5


THE ANATOMY OF MARKETSCALPER PRO v5

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:

EURUSD M1, BALANCED MODE (filtering ON)

USD/JPY M15, AGGRESSIVE (filtering ON)

GOLD M5, HIGH PROBABILITY (filtering ON)

General Electric (NYSE:GE) M5, MANUAL (20,50) (Filtering, ON)

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.

RECENTLY ADDED FEATURES


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MARKET SNAPSHOT PRO


The Market Bias Monitor and Scalper Trend featured in MarketScalper PRO v3
have now been replaced by a smarter, more powerful, brand-new module, geared
toward visual validation of signals. The new module, called Market SnapShot Pro,
is actually a stand-alone product, but I've decided to integrate it into v5 as a
logical successor to the prior versions. It unifies both in an easy-to-read manner,
and features expanded behavioral detection rules, including two additional Market
Bias states.
The top row of the snapshot, labelled "B" represents the prevailing market bias. It
is the single most important value you need to know, which is why the color of
the entire module changes along with it. The bottom two, labelled "I" and "U"
represent the Immediate (short-term) and Underlying (long-term) trend. To
maximize success rate of each signal, you should validate it with both the bias and
trend components of the snapshot. For example, a highest probability long (buy)
signal would be issued during "Extremely Oversold" market conditions with both
trend counters turning bullish.

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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EXPANDED COUNTBARS FUNCTIONALITY


MarketScalper PRO has always featured the CountBars parameter, whose purpose
is to let you specify and limit the number of bars considered in calculations.
MarketScalper PRO v4 adds a visual component to this feature - a labelled
vertical line that shows exactly how far back the calculations go.

SCALPER TREND GAUGE (NOW PART OF V4's MARKET SNAPSHOT


PRO MODULE)

In addition to Advanced Market Bias Monitor (AMBM), used for determining


oversold/overbought conditions, users now also have access to Scalper Trend
Gauge, a highly efficient monitor of immediate and underlying trend.

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:

BULLISH - identifies a prevailing bullish sentiment.


BULLISH (weak) - identifies either a weak or weakening bullish trend.
Bears are expressing increased market interest.
BEARISH - identifies a prevailing bearish sentiment.
BEARISH (weak) - identifies either a weak or weakening bearish trend.
Bulls are expressing increased market interest.

UNDERLYING trend refers to long-term trend, one that spans beyond


retracements, whereas IMMEDIATE refers to short-term market interest.
Whether to consider one, the other, both, or neither in one's trading purely
depends on trader's strategy and risk-appetite.
Below is an example that demonstrates Trend Gauge's effective role as a filter.

NON-STANDARD TIME FRAMES


Since Metatrader 4 supports only 9 standard time frames (M1, M5, M15, M30,
H1, H4, D1, W1, MN), numerous free and paid 3rd party scripts have been
developed to enable creation of custom period charts. MarketScalper PRO now
natively supports all non-standard time frame charts, meaning you can use it with
any period. Shown here is MarketScalper PRO scalping a 3-minute USD/JPY
price action:

HIGHER TIME FRAMES


A much requested feature has always been inclusion of higher time frame
compatibility. That request is now reality, courtesy of the new engine that features
rules especially written for higher time frames. MarketScalper PRO still performs
best in M15 and lower due to their mostly ranging behavior, but it is now also
capable of effectively detecting higher time frame turning points (see EUR/USD
M30 and GBP/JPY H4 examples below).

ADVANCED MARKET BIAS MONITOR (NOW PART OF V4's MARKET


SNAPSHOT PRO MODULE)
The bias monitor continually scans real-time market behavior, and identifies
appropriate trading conditions/periods. It can be effectively used to confirm
signals issued by MarketScalper PRO. Since the monitor is comprised of multiple
internal scanners, you may regard the output number/ruling as a composite, and
hence, more qualified opinion of the prevailing market. Therefore if that opinion
matches the signal issued by MarketScalper PRO, then the probability of such
signal's success is increased. For example, if the bias monitor identifies extremely
oversold market conditions, and MarketScalper PRO issues a BUY signal, then a
LONG trade has a higher probability of success than if it were undertaken during
neutral, or worse, overbought conditions.
The 5 identifiable market conditions include:
NEUTRAL/WEAK SIGNAL - these are periods of strong trend, and either
congestion or unexpected/unusual volatility (whipsaws). Scalping is not
recommended.

OVERBOUGHT - the market is beginning to show quantifiable characteristics of


overpricing. Long trades are not recommended, while shorts have a higher
probability of success.

EXTREMELY OVERBOUGHT - the market is overweight. Long trades should


be avoided, while shorts have a considerably higher probability of success.

OVERSOLD - the market is beginning to show quantifiable characteristics of


underpricing. Short trades are not recommended, while longs have a higher
probability of success.

EXTREMELY OVERSOLD - the market is underweight. Short trades should be


avoided, while longs have a considerably higher probability of success.

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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.

SUPPORT FOR GOLD AND OTHER FUTURES


Futures markets, primarily commodities, are highly reactive to most economic, political,
and corporate fundamentals (news, reports). It is precisely this volatility that makes
MarketScalper PRO v2 (and later) exceptionally compatible with Gold and other
commodity markets. Extensive multiple time frame back and forward-testing has yielded
positive returns.

XAU/USD M15

More information at Trading Gold with MarketScalper.

SET-UP AND OPERATION


MarketScalper PRO takes only a minute to install, and is very easy and intuitive to use.
1. Installing and updating the indicator: MarketScalper PRO v5.5 now includes an
installation wizard, which automatically and correctly installs the entire indicator package
with just few clicks of your mouse button. The same wizard also serves as an autoupdater for future upgrades. You no longer have to worry about where which file goes just double-click, watch it install. You don't even have to know where your Metatrader
platform is installed - the wizard auto-detects the Metatrader directory for you.

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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