Scalping trader light

Scalping Trader Light has emerged as a simplified yet effective variant of the scalping indicator for intraday Forex trading. This software analyzes the current market state and guides the trader on when and in which direction to open orders. This article delves into the functionality of this Forex trading software, its features, and how it stands up in the realm of Forex scalping.

Functionality and Features

Scalping Trader Light operates by showcasing arrows to the trader when it’s an optimal time to open orders, along with the direction of the trade. It is advised to open an order in the direction indicated by the arrow. This software suggests setting a take profit at a minimum distance, approximately 10 pips plus the spread. If a signal in the opposite direction appears, it serves as a stop loss indicator.

Simplified Indicator vs Full Version Indicator

The simplified version of this indicator is designed to work uniformly across all pairs and timeframes. However, it has been stripped down of some functionalities in comparison to the full version. For instance, the simplified version only shows buy signals, whereas the full version displays signals in both directions. Additionally, the simplified version does not have the feature to send signals to the trader’s phone or email, a feature available in the full version.

Indicator Settings

The software comes with adjustable settings that can be customized according to the trader’s preferences. The ‘period’ setting refers to the indicator period, with a higher value resulting in fewer signals, but these signals tend to coincide with significant price peaks. The ‘specularity’ parameter allows users to enable or disable the market’s wave analysis according to the mirror principle. Finally, the ‘delay’ setting pertains to the market analysis delay, serving as a filter for waveform analysis.

Where to Watch Independent Testing

For those interested in seeing the software’s performance, independent testing of this product can be viewed on the forexroboteasy.com website. Subscribing to updates on the testing results of this product is also an option for interested parties.

FAQs

1. How does Scalping Trader Light work?

Scalping Trader Light analyzes the Forex market and indicates when to open orders and the direction of these orders with arrows. When the arrow appears, an order is to be opened in the arrow’s direction.

2. What is the difference between the simplified version and the full version of the indicator?

The simplified version only shows buy signals and doesn’t send signals to the phone or email. On the other hand, the full version indicates buy and sell signals and can send these signals to the trader’s phone and email.

3. How can I customize the software’s settings?

The software comes with adjustable settings such as ‘period’, ‘specularity’, and ‘delay’ that you can tweak to suit your trading style and preferences.

We invite traders who have used this product to share their experiences and insights. This aids in providing a comprehensive understanding of the software’s performance in real trading scenarios. As this is an independent product review, all perspectives are valuable and contribute to a more accurate depiction of Scalping Trader Light’s efficacy in the complex world of Forex trading.