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Best Scalping Indicator
If you're a scalper, get ready to screw your broker using this Trend and counter-trend indie called T&C Wonder. It is best used on 5min TF You may use it along with trend detector indie.Whenever the trend is in place, scalp in the trend direction, it is win win. Enjoy.
T&C Wonders.mq4 1.33 kb, 129 downloads since 2017-06-06
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About T&C Wonders EA- Indicator!
https://mt4talk.com/viewtopic.php?pid=44426#p44426
T&C Wonders EA uses a straightforward approach to catch potential trading opportunities. It keeps an eye on the market's recent highs and lows and places buy and sell signals accordingly. When the price hits a high, it suggests a sell signal, and when it hits a low, it recommends a buy signal. Easy-peasy, right?
How this EA Works:
When the EA detects that the price is at a recent high (within a specified distance), it suggests a sell signal.
Conversely, when the price is at a recent low (again, within that distance), it proposes a buy signal.
T&C Wonders EA doesn't complicate things. It tells you when to buy and when to sell based on straightforward criteria-highs and lows. No need for complex analysis.
It's a great choice for beginners who may not have much trading experience. The strategy is easy to understand and implement.
Adjustable Parameters:
SignalGap: This parameter lets you adjust the gap required between the recent high or low and the current price for the EA to give you a signal. If you want to be more cautious, you can increase this gap. If you're willing to take more risks, you can decrease it. Adjust the gap for buy/sell signals (default is 10).
In my opinion, T&C Wonders EA's simplicity and accessibility make it a valuable tool, especially for those just starting in forex trading. With the recommended settings, it's optimized for the EUR/USD currency pair on the hourly time frame, offering a great starting point.
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