ON Trade Pulse Cycle The Great Scalping Indicator

Description

The “ON Trade Pulse Cycle” indicator is a powerful scalping tool designed to provide precise entry signals across 14 currency pairs simultaneously. This advanced system helps traders identify high-probability setups with minimal delay, ensuring they never miss an opportunity in fast-moving markets. The indicator works exclusively on the M5 timeframe, making it ideal for scalpers looking for quick and effective trades.

Key Features of ON Trade Pulse Cycle

1. Multi-Symbol Scalping Scanner

• Monitors 14 currency pairs at the same time, providing real-time entry signals.
• Detects trend direction and offers trade entry alerts.
• Displays actionable signals on the indicator’s interface.

2. Two Types of Trading Signals

• Trend Signals: Indicate whether the price is expected to move upward or downward.
  • A blue button appears when the trend suggests a buy opportunity.
  • A red button appears when the trend suggests a sell opportunity.
• Entry Signals Within a Running Trend:
  • If the indicator detects a new entry point within an ongoing trend, it will notify you.
  • The affected currency pair name is highlighted for immediate action.

3. Alerts & Notifications

• Real-time alerts via pop-ups and notifications, ensuring you stay informed.
• Customizable alert settings for trend direction and new entry points.
• Compatible with both MetaTrader 4 (MT4) .

4. Smart Stop-Loss & Target Calculation

• Stop-Loss (SL): Placed 2 points above or below the latest support or resistance level.
• Take-Profit (TP):
  • First Target: 15 points.
  • Second Target: 2 × SL distance.

How to Use ON Trade Pulse Cycle

Step-by-Step Guide

1. Set Up the Indicator:
   • Open a chart and adjust the settings.
   • Edit symbol names to match your broker’s format (prefix or suffix adjustments may be required).
   • Enable the alert system if desired.
2. Wait for a Signal:
   • The indicator continuously scans for trading opportunities.
   • When a signal appears, you’ll receive an alert, notification, and a visual cue on the panel.
3. Analyze and Execute Trades:
   • If a trend signal appears, enter a trade in the indicated direction with SL & TP levels.
   • If an entry signal within a trend appears, consider it as a confirmation to enter or add to an existing position.
4. Follow Proper Risk Management:
   • Always set stop-loss levels as recommended.
   • Use proper position sizing to manage risk effectively.

Indicator Parameters & Customization

The “ON Trade Pulse Cycle” indicator offers various customization options to adapt to different trading styles:

• Use_System_Theme: Enable or disable the system theme for a consistent visual appearance.
• Symbols_Names: Customize the currency pairs being scanned.
• Alerts_for_Signal: Enable/disable alerts for new trading signals.
• Alerts_for_Trend: Enable/disable trend direction alerts.
• Use_Time_Filter: Activate a time filter to control when the indicator scans for signals.
• Start_Hour: Define when scanning should begin.
• End_Hour: Set a time limit for scanning signals.

Best Practices for Maximizing Profits

• Stick to the M5 timeframe: This indicator is optimized for 5-minute charts and may not work as effectively on higher timeframes.
• Combine with Other Indicators: Use ON Trade Pulse Cycle with moving averages, RSI, or Bollinger Bands to strengthen confirmation.
• Monitor Market Conditions: Avoid trading during major news releases that can cause excessive volatility.
• Backtest Before Live Trading: Practice with a demo account to understand how the indicator works before trading with real money.

Final Thoughts

The “ON Trade Pulse Cycle” indicator is an excellent tool for scalpers looking to increase trading efficiency and accuracy. With its multi-symbol scanning, real-time notifications, and smart trade management system, it provides a seamless trading experience. Whether you’re a beginner or an experienced trader, this indicator can help identify profitable opportunities with minimal effort.

Your Feedback Matters!

If you have suggestions for improvements or additional features, feel free to leave a comment. Your reviews help enhance the indicator’s functionality and ensure it meets traders’ needs.

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