• Home
  • About
  • Contact

Forexobroker

Download Our Forex Strategies and Indicators

  • Daily Forecast
  • Tradingview Tools
  • Courses
  • Metatrader 4 Indicators
    • Free Metatrader Indicators
    • Paid Metatrader Indicators
  • Metatrader 4 Systems
    • Free Metatrader Systems
    • Paid Metatrader Systems
  • EA’s
    • Paid Expert Advisors
  • Forex Brokers

Magic Scalping System

June 18, 2015 by Dominic Walsh Leave a Comment

Magic Scalping System is a trading strategy that is developed to trade in the forex market. To be specific this system is developed for scalpers. Magic Scalping System can be used by both newbies and the experts since it really is an amazing scalping system. Testing the system on the past market data it showed really an impressive accuracy rate. Like always, it should be remembered that it is not only the system that will make you a successful trader. Your personality really counts. You personality can be reflected in your trading decisions. A person having negative mindset all the time might find difficult to make money out of forex trading. Hard work and positive mindset are not enough to make money consistently in the forex market. You should train your mind to specific guidelines. You should practice a lot with your system unless you gain confidence. You should maintain the high level of self discipline. If you know everything about market and nothing about self disciplined trading then you might never succeed in this business.

It is also equally important to have a system that really works. Magic Scalping System is a scalping tool. Scalping is trading for very short period of time which might last for few seconds to few minutes. The main objective of a scalper is to make profit in small price fluctuations. Scalpers tend to make small profits in each trade and in combined they would seem more. Magic Scalping System consists of four technical tools which will help us to make a trading decision. You can use 1 minute and 5 minutes chart to trade this system. When Magic Scalping System is correctly installed in your trading platform your charts should look like this:

Magic Scalping System

  • Super Signal Channel: This is a channel made up of two thin lines which are custom made moving averages. The moving average that appears above the price is red in color and the moving average that appears below the price is blue in color. Super Signal Channel works as a support and resistance for the pair. This indicator is the main tool in this trading system. Trade signals are generated on the basis of this indicator. Other indicators are only used for confirmation.
  • Arrows: These are the red and blue arrows that appear on the chart. When a blue arrow appears it indicates the buy signal whilst when a red arrow appears it indicates the sell signal.
  • Non Lag Zigzag:Since this system is based on the wave formations Non Lag Zigzag indicator helps to figure out the waves on the price chart easily. It is a thin line which joins the highs and los of the market.
  • Awesome Oscillator: Awesome Oscillator is a momentum indicator that helps to confirm your buy/sell trades. When the oscillator is above the zero level it indicates the bullish dominance in the market whilst when the indicator is below the zero level it indicates the bearish dominance in the market.

Buying Conditions Using Magic Scalping System.

Magic Scalping System

  1. A blue arrow pointing upward should appear below the price.
  2. Awesome oscillator should start forming blue bars.
  3. Place your stop just below the recent swing low.
  4. You should take your profits as soon as a red arrow appears above the price.

Selling Conditions Using Magic Scalping System.

Magic Scalping System

  1. A red arrow pointing downward should appear above the price.
  2. Awesome oscillator should start forming red bars.
  3. Place your stop just above the recent swing high.
  4. You should take your profits as soon as a blue arrow appears below the price.

Open demo account to test this system.

Download Free Forex Magic Scalping System

Download Magic Scalping System

Filed Under: Free Metatrader Systems Tagged With: arrow indicator, bars indicator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • RSS
  • Twitter
  • YouTube
Forexobroker

Archives

  • February 2023 (1)
  • January 2023 (6)
  • December 2022 (7)
  • November 2022 (19)
  • October 2022 (20)
  • September 2022 (27)
  • August 2022 (13)
  • July 2022 (4)
  • June 2022 (2)
  • May 2022 (2)
  • April 2022 (3)
  • March 2022 (5)
  • February 2022 (3)
  • January 2022 (5)
  • December 2021 (1)
  • November 2021 (3)
  • October 2021 (3)
  • September 2021 (2)
  • August 2021 (1)
  • July 2021 (1)
  • June 2020 (7)
  • May 2020 (6)
  • April 2020 (7)
  • March 2020 (7)
  • February 2020 (10)
  • January 2020 (3)
  • November 2019 (1)
  • September 2019 (3)
  • August 2019 (3)
  • June 2019 (1)
  • December 2018 (1)
  • November 2018 (4)
  • October 2018 (9)
  • September 2018 (11)
  • August 2018 (5)
  • July 2018 (6)
  • June 2018 (3)
  • May 2018 (6)
  • April 2018 (2)
  • March 2018 (9)
  • February 2018 (8)
  • January 2018 (10)
  • December 2017 (10)
  • November 2017 (14)
  • October 2017 (3)
  • September 2017 (3)
  • August 2017 (13)
  • July 2017 (25)
  • June 2017 (21)
  • May 2017 (20)
  • April 2017 (21)
  • March 2017 (15)
  • February 2017 (16)
  • January 2017 (18)
  • December 2016 (11)
  • November 2016 (21)
  • October 2016 (63)
  • September 2016 (24)
  • August 2016 (22)
  • July 2016 (16)
  • June 2016 (16)
  • May 2016 (16)
  • April 2016 (23)
  • March 2016 (29)
  • February 2016 (22)
  • January 2016 (22)
  • December 2015 (29)
  • November 2015 (28)
  • October 2015 (29)
  • September 2015 (41)
  • August 2015 (52)
  • July 2015 (47)
  • June 2015 (55)
  • May 2015 (50)
  • April 2015 (58)
  • March 2015 (22)

  • Home
  • About
  • Contact

Categories

  • Daily Forecast
  • Tradingview Tools
  • Courses
  • Metatrader 4 Indicators
    • Free Metatrader Indicators
    • Paid Metatrader Indicators
  • Metatrader 4 Systems
    • Free Metatrader Systems
    • Paid Metatrader Systems
  • EA’s
    • Paid Expert Advisors
  • Forex Brokers

Visit Our Forex Strategies And Forex Indicators Below:

Forex Trading Strategies

Free Forex Indicators

Paid Forex Indicators

Paid Forex Strategies

“Our order process is conducted by our online reseller Paddle.com. Paddle.com is the Merchant of Record for all our orders. Paddle provides all customer service inquiries and handles returns.”

© 2015-2023 Forexobroker

Copyright © 2023 · Magazine Pro Theme on Genesis Framework · WordPress · Log in