Forex Samori Divergence Scalping MT4 Indicator:
About the Forex Samori Divergence Scalping MT4 Indicator
The strategy works on the ECN account (5min and more) .
This indicator filters the divergence by which the price ends the correction, and continues on the main trend.
When the price is on the MA 200, the indicator only gives the buy sign, and the opposite if the price is below the MA 200
This method can give a take profit which can be three times the stop lose.
a- The indicator give an alert .
b- When a candle closes above the Aqua line and the price reverses towards the line, Buy from that line. Put the stop on the red line and the take profit on the yellow line TP1 or TP2 or TP3
a-The indicator give an alert .
b- When the price returns to the entry line, sell from entry line, put the stop on the red line and the take profit on the yellow line.(minimum).
*** Risk management: the Lot is calculated at 2% (you can change it) of equity. so that all trades have the same percentage.
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)