Forex Speedometer — extreme scalping

Are you tired of lagging indicators and the entrances to the market? You do not like to wait for hours at the computer screen when the same work or take profit will be a signal to enter? You want to extract the maximum profit from price movements in the market? Then without indicators forex strategy Forex Speedometer for you.

Strategy will work properly only on brokers with 5 characters after the comma in quotations.

Forex Speedometer

  • Type of strategy: Scalping
  • Platform: Metatrader4
  • Currency pair: Any
  • Trading Time: Round the clock
  • Timeframe: M15 and below
  • Recommended broker: Alpari (ECN)

Rules of strategy Forex Speedometer
Rules for Buy:

Tick chart is in oversold zone and begins to show signs of upward movement.

Rate of price change on the speedometer reaches 2.3 ticks per second or higher.

Exit when the price reaches on the tick chart overbought zone and starts moving down. At the same time speed on the speedometer falls below 1.5 ticks per second.

Rules for Sell:

Tick chart is in overbought zone and begins to show signs of downward movement. Rate of price change on the speedometer reaches 2.3 ticks per second or higher.

Exit when the price reaches tick chart oversold zone and begins to move up. At the same time speed on the speedometer falls below 1.5 ticks per second.

Also exit the trade if the loss exceeds 10-15 points (depending on the volatility pairs).

In the archives SpeedOmeter_Pro.rar:

  • speedOmeter_PRO.ex4
  • speedOmeter_tick_chart.ex4
  • speedometer.tpl
  • Manual speedOmeter_PRO

Download Forex Speedometer

Free Trading Signals

4 Responses

  1. DIVINE

    Thanks very much Daniel. Since I downloaded the Tick speedometer, my Binary trading has gone to another level entirely; it goes to show how late and lagging behind price movement most indicators in use by traders are. God bless you sir. :-D

    • Jack Hana

      Working awesome in FX

  2. eleveneleven

    hey divine mind sharing how you trade this with binary? and what TF and expiry you use :)

  3. Jack Hana

    This is so cool !! Working just fine ! 8)

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