Daily Pips Hunter Indicator MT4
Watch the testing video here:
Daily Pips Hunter Indicator MT4: A Scalping Solution
Overview
- Name: Daily Pips Hunter Indicator MT4
- Type: Non-repaint trading strategy
- Purpose: Generate accurate trade signals for scalping and swing trading
- Developer: Rodrigo Arana Garcia
- Version: 1.30 (updated on October 15, 2022)
- Activations: Unlimited
Strategy
- Daily Pips Hunter combines various technical indicators to provide precise entry and exit signals.
- It works well for both short-term scalping and longer-term swing trading.
- The system focuses on capturing small price movements with high accuracy.
Key Features
- Non-Repaint Indicator:
- The indicator’s values remain stable even when new data arrives.
- Signals are reliable and consistent.
- Trading Pairs:
- Suitable for any currency pair.
- Best results observed with:
- EURUSD
- GBPUSD
- USDCAD
- AUDNZD
- NZDCAD
- NZDUSD
- EURGBP
- EURAUD
- EURJPY
- Timeframe:
- Preferable timeframe: H1 (1-hour chart).
- Can be adapted to other timeframes.
- Trading Time:
- Can be used around the clock.
- Avoid trading during medium and high-impact news releases.
Installation and Configuration
- Broker Requirements:
- Use an ECN broker with tight spreads for scalping.
- Minimum deposit: $100.
- Indicator Settings:
- Attach the indicator to your preferred trading pair (H1 recommended).
- Modify parameters to suit your trading strategy.
- Trade Execution:
- Buy when you see the box breakout arrow on the chart.
- Close the trade when the candle touches the trend line.
- Ideal profit levels occur when the trend line and the support/resistance (snr) line touch at the same level.
- Adjust stop loss based on the bottom line of the breakout box.
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