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The Royal Scalping M5 is a sophisticated Forex trading indicator that is designed to generate high-quality trading signals. This advanced price adaptive indicator has been crafted with built-in multi-timeframe and multi-currency capabilities, making it a powerful tool for configurations based on different symbols and timeframes.
Unraveling the Royal Scalping M5
The Royal Scalping M5 is not just an indicator, but a complete trading strategy in itself. It is ideal for both scalp trades and swing trades. It features a price adaptive trend detector algorithm, multi-timeframe, and multi-currency trend. The indicator is also low risk and comes with sound alerts, push notifications, and flasher. The Royal Scalping M5 is highly adjustable with all important parameters exposed and can be optimized for expert advisors. Furthermore, it does not repaint, ensuring its reliability.
How the Royal Scalping M5 Functions
At the heart of the Royal Scalping M5 are two different oscillators. The trend oscillator, colored in orange, predicts the overall trend of the Forex market. On the other hand, an orchid signal oscillator generates buy and sell signals. The market is considered to be in an uptrend direction when the trend oscillator leaves the lower zone and goes through the upper zone. Conversely, its transition from the upper zone toward the lower zone indicates that the market is in a downtrend direction.
The signal oscillator finds pullbacks in the overall trend and helps traders to ride the trend with lower risks, which means tighter stop losses can be used. The Royal Scalping M5 indicator can alert traders through sound, by flashing the chart, phone notifications, email, and MetaTrader alert window. It can be adjusted to notify you only for an arbitrary number of signals from the beginning of a trend where the trend is not old and not inclined to get reversed.
Understanding the Input Parameters
Most of the input parameters have been represented as a set of inputs in a row separated by commas to avoid confusion. For example, there are two related parameters for the signal oscillator but written as a single string input Signal Period [EMA, Channel] which means the input should be entered like 3,5. This means you enter two values, the first one is a fast period for an EMA and the second one is a slow period for a channel which both belong to the signal oscillator.
For the trend oscillator, both symbol and timeframe can be different from the symbol and timeframe of its chart. Using a negative sign before a symbol means you want the inverse of the trend oscillator for the specified symbol.
Can I watch independent testing of the Royal Scalping M5?
Yes, independent testing of this product is available on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.
Yes, we invite all users to share their experiences of using this product. Your feedback is invaluable and can help others make informed decisions.
This review is independent and is not affiliated with the product. It is written in the third person and does not contain any proprietary claims.