YMS Scalper Free Download — Is the 95% Win Rate Claim Real?
YMS Scalper according to the developers, has a 95% win rate with a take-profit of 5-10 pips and, as follows from such a small TP, it is mainly intended for scalping. 95% - win rate is a very good result, but is it really so? You can verify this personally, because you can freely download this indicator and test it.
Characteristics of the YMS Scalper
- Platform: Metatrader4
- Currency pairs: Any
- Trading Time: Around the clock
- Timeframe: Any, recommended H1
- Recommended broker:Roboforex | XM | VT Markets
Rules of the trade
Based on the indicator settings, we can assume that it is based on three indicators:
- Moving Average (MA)
- Stochastic
- And some Price Action pattern (more precisely, I find it difficult to say - I did not go deep into analysis):
Of course, with a competent approach, such a combination of indicators can give good results. But, we all know that MA and Stochastic only follow the price and are not able to predict its future direction. Hence my doubts about the performance voiced by the developers. But, this is just my reasoning ...
Trading rules are extremely simple:
BUY - when the blue up arrow appeared
SELL - when the red down arrow appeared:
An arrow appears on the previous candle at the moment a new (signal) candle opens — which is a real drawback, since it forces you to enter almost immediately, without much time to think it over.
A few more screenshots of the indicator signals:
I also assume that the bottom oscillator (nothing more than Stochastic) is designed to filter deals in the direction of the trend. And it works as follows:
- Oscillator lines below level 0 and directed up - bullish trend (BUY only)
- Oscillator lines are above level 0 and directed down - bearish trend (SELL only).
Developers recommend using the H1 timeframe with a Take Profit of 5-10 pips.
Stop Loss should be set a few pips above/below the previous price high/low.
Of course, the YMS Scalper indicator will not give you 95% of profitable transactions, but with competent money management and a level head, it can be profitable. Do not forget about important economic news and mandatory training on a demo account.
P. S. Today, 14/04/2020 supplemented the archive with the YMS Scalper v 2.0 . But in my opinion, the indicator has changed only outwardly. Download and see for yourself.
How to install: the archive is already organized to match your MT4 folder structure — no need to figure out where each file goes. Just copy the MQL4 and templates folders from the archive straight into your MT4 Data Folder (File → Open Data Folder in MT4), overwriting/merging when prompted. Restart MT4, and the indicator will be available in your Navigator under Indicators. Easiest way to actually use it: right-click your chart → Template → Load Template, and pick one of the included .tpl files — that applies the indicator with the correct settings in one step.
In the archive YMS_Scalper.rar (101.0 Kb):
- YMS Scalper v1.2_fix.ex4
- YMS Scalper v2.0_fix.ex4
- YMS Scalper Indicator.tpl
- YMS Scalper Indicator v 2.0.tpl
Free Download YMS Scalper Indicator
