How the Best Ultra Scalping Forex System works. As the majority of trading systems, Forex Ultra Scalper utilizes a system, known as a “Signal Generator – False Signals Filter”.
Forex Ultra Scalping begins to operate the very instant you loaded indicators into a chart. The system analyzes previous price activity. Based on that activity, the system creates a few possible scenarios of further activities.
Minute by minute, new computations are being made. Activities fitting the predictions, calculated by the system, allow for the next computations to be even more precise.
The signal generator, based on the price analysis, finds an optimal moment in time for opening an order. Afterwards, a signal is passed on to a filter block for even further processing.
The product has one of the Up-to-date modern algorithms, designed around our “Ultra Smart Prediction Technology”.
The main ‘staple’ is the Filter Block, (that blocks false signals), that we, in all honesty, consider our Pride and Joy.
- Dynamics of quotations activity
- Time of the day and market activity during different sessions
- Spread expansion dynamics
- Quotation activity the very same time, but the day before
- The presence of divergence and convergence – both at quotations as well as oscillators
All these computations are done “on the fly”, in a split second, sending the resulting signals to a trader.
It is the signal when both indicators are of the same color. Please take an action as soon as you see both of them of the same color – do not wait for a sound alert or any pop-up messages. There are no such alerts. Scalping is the quickest type of trading, there is no place for the time-consuming alerts, you must follow the price and react.
Ultra_signal may change its color often, that’s why please make sure that ultra_filter is also of the same color before placing the order. Commonly, ultra_filter filters out most of the false signals.
When both ultra_signal and ultra_filter become blue, open Buy Order.
When both ultra_signal and ultra_filter become red, open Sell Order.
When ultra_signal changes its color – it is the signal for closing an order. Once it has changed the color, close the current order and wait.
If after it ultra_filter also changes the color, open a new order in the opposite to the previous order direction.
If ultra_filter remains of the same color and doesn’t change it, wait for ultra_signal to return back to the previous same color so they matched again and place the order in the same direction as the previous one.
It is the false signal when ultra_signal changes the color alone and ultra_filter remains unchanged.
For the safest trading you may close the order as soon as see ultra_signal changed its color. Alternatively, wait for ultra_filter to confirm it by turning into the same color as well.
We recommend using 20 pips Stop Loss. Though, the system will give the signal for closing a lossy order much earlier.
You can use the classic inbuilt MetaTrader Trailing Stop feature or take advantage of our Trailingator.
The value of Trailing Stop depends a lot on the currency pair and the specific time of trading. If you are quite experienced to define this value, please do it. In case you don’t know how to start, set 7-8 pips for a while and if the orders are closed much earlier than desired, increase the value.
We highly recommend you NOT to trade during first 6 hours of Monday when Forex opens after a weekend. Also it is not the best time to trade few hours before and after the important news releases.
Important economic news reports are usually released at the same well known time on the regular basis. All reputed brokers have the detailed economic calendar review at their sites. Please visit your broker web site, most likely you will find Forex Calendar or Economic Calendar there.
Big price moves that may take place during the news releases are not necessarily of long duration. This is the reason why we recommend closing the orders only before the economic news. And the decision about opening the orders again should be taken a bit later, when the market stabilizes.