Magnum Scalping Forex Indicator 2022 FREE Download
Magnum Scalping Indicator is a buy/sell indicator system that is simple to use. Scalpers and Binary Traders will benefit from this setup.
It employs complex strategies such as trend lines, support and resistance, and other indicators.
This indicator is only available on the MT4 platform. Scalping is best done on the M1 or M5 timeframes.
However, you can use it on any.
A 1-Minute chart is preferable for 15-minute expiration and a 5-Minute chart for 30-minute expiration when trading binary options.
Magnum Scalping can provide trading signals that you can use as is or combine with additional chart analysis to further filter the signals, which is recommended.
While this system can be used by traders of all levels of experience, it is recommended that you practice trading on an MT4 demo account until you are consistent and confident enough to trade live.
Features
The Magnum Scalping Indicator can send you signal alerts via Mobile Notification or platform pop-ups.
This is advantageous because it eliminates the need to stare at the charts all day waiting for signals to appear, and it allows you to monitor multiple charts simultaneously.
Magnum Scalping Indicator System works with any Forex currency pair as well as other assets like stocks, commodities, cryptos, precious metals, oil, and gas.
You can also use it on any time frame that you prefer, from 1-minute charts to 1-hour charts.
Trading rules
Scalping is best done on the M1 or M5 timeframes. However, it can be used on any.
Buy signal or Call
- Price broke through the channel’s lower border.
- The red point line formed the level of support.
- A green arrow pointed upwards.
Sell signal or Put
- The channel’s upper border was breached by the price.
- Blue points formed a level of support.
- A red arrow pointing downward was present.
If Binary Options Magnum Scalping is used,
- 1-Minute chart for 15-minute expiration.
- 5-Minute chart for 30-minute expiration.