Novice traders should not trade below H4 charts with it. It does not provide exit points: the trader must manage and exit trades based on his best backtest strategy forex scalping. The Day Trading indicator detects price reversals in a zig-zag fashion, using only backtest ea forex scalping action analysis.
It has been specially designed for scalping intraday charts, without repainting or backpainting at all. Based on breakouts and congestion zones of variable lengths, the indicator uses only price action to pick trades and reacts to the market extremely fast. This indicator will help intraday traders not to miss a single price reversal. However, not all price reversals are created equal and the quality of each one of them as a breakout varies.
Because volatility decreases as you go up in timeframes, trading H1 and H4 charts will yield the best results. How to interpret the stats The indicator studies the quality of its own signals and plots the relative information on the chart. Every trade is analyzed and the overall historic results displayed at the top-left corner of the chart. The MFE is the best possible outcome for any given trade.