INTRODUCTION:
Hey fellow traders! I want to share a little story from my trading journey. When I first dipped my toes into the trading waters, I was all about the scalping strategy. There’s something exhilarating about catching quick price movements, right? But let me tell you, scalping in a volatile market can be a real marathon. It demands lightning-fast analysis and precise reactions, and honestly, I found myself losing focus during those intense sessions. That’s when I started making silly mistakes that cost me.
To combat this, I developed an indicator that helps pinpoint potential entry points automatically—based on candlestick formations. I know many of you fellow MetaTrader users can relate to this struggle, which is why I’m excited to share this tool with you. I hope it makes your trading a breeze!
LIVE TRADING SESSION:
Curious to see this in action? Check out my live trading session from August 25, 2020, where I used my tools to navigate the market smoothly.
Want to dive deeper? Here’s another video you might find helpful:
I'd love to hear your thoughts! Don't hesitate to drop your comments and rate these scripts. Happy trading!
This indicator:
* offers a single input, allowing you to choose whether you want to identify potential entries in bullish or bearish trends (the choice is yours!).
* If you go for a bullish trend, this indicator will pinpoint potential bullish entries based on these candlestick formations:
- Bullish Hammer (HAM),
- Inverted Hammer (IVH),
- Bullish Engulfing (ENG),
- Bullish Harami (HAR),
- Morning Star (MOS), and
- Bullish Building Momentum.
* On the flip side, if you opt for a bearish trend, this indicator will help you spot potential bearish entries with these candlestick formations:
- Shooting Star (SHS),
- Hanging Man (HGM),
- Bearish Engulfing (ENG),
- Bearish Harami (HAR),
- Evening Star (EVS), and
- Bearish Building Momentum.
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