This indicator was developed and submitted by pipscazor.com. It is an easy to use indicator that requires no brainer when it comes to opening trades. The indicator is designed to help the traders who trade daily. While using this indicator, a trader can make up to 300 pip profit a day.
The indicator has no waves or lines that you need to keep track of. It only gives and displays the signals. All the other calculations and other trading logics are hidden from the trader. Therefore it leaves the trading chart very tidy while still meeting the need of providing a trading signal. Also as compared to the rest of the indicators which take very long to provide a signal, the Pip scazor indicator provides several signals in a day. Therefore, it a perfect choice for even the scalpers although they have to be a bit patient. You can make two to five trades in a day.
The indicator gives its signals in terms of red and blue dots. It also gives sound and email alerts depending on how you have set the indicator. Therefore, all that is required is that the trader stays alert so open trades and close the trades.
With this indicator it is recommended that you watch the market 24/7. You should not leave trades running. However, if your target is only one trade in a day, you may open an order and place the take profits and stop losses and leave the market for the trade to close itself.
Placing orders using the Pip scazor indicator.
The Pip scazor indicator is an indicator that is very efficient. The fact that it gives many signals in a da don’t compromise its efficiency. Therefore, for each trade that you place you should be sure of profit only if you do it in the right manner.
Buy signals are the blue dots that appear below the market prices. Once the signal is generated and displayed, the trader should get ready to open an order on the next candle that starts to form.
The sell signals are the red dots that appear on top of the market levels. You should do the same when it comes to placing your order; wait for the next candle and place your sell order.
Once you place your orders; be it sell or buy order, you should place a stop loss in case of market news since this indicator is not programmed to take not of them. However, for your target profit you may choose to close the order yourself or use a take profit. It will all depend on you.
Example of how to place orders.
Pip-Scazor-Indicator . rar
Source : forexobroker.com
