Psych Level Scalping Trading System

Psych Level Scalping Trading System has been developed to detect the best possible inside-bar trade setups for its users. Many traders claim that even after achieving years of experience in live forex trading, they’re still struggling to be successful in inside-bar tradings. According to the track record of the system and the simplicity of its use, such newbie traders can find a way to trade the inside-bar setups more accurately than ever by applying this amazing trading system.

Psych Level Scalping Trading System can be applied to trade all kinds of forex currency pairs available at the market. But as a scalping system, this strategy fits best with M5 and M15 timeframe charts of the trading platform.

Read Also: The Best Forex Trading Strategy Ever

Psych Level Scalping Trading System Overview:

After installing the Psych Level Scalping Trading System at your forex MT4 terminal, your trading chart will appear like the following image: 

Psych Level Scalping Trading System Overview
Psych Level Scalping Trading System Overview
Time Frame Currency Pairs Indicator Factors Ratings
M5 & M15 Any 2 9.6/10

Psych Level Scalping Trading System Anatomy: 

Psych Level Scalping Trading System Anatomy
Psych Level Scalping Trading System Anatomy
  • M-Candles: It plots rectangular boxes over the potential inside bars at the main chart window. If the inside bar setup is expected to make a bullish breakout, the box will be plotted in green color. For a bearish expected breakout, the box will be turned as red.
  • SDX Sweet Spot V4: It plots the current support or resistance levels by horizontal lines on an automatic basis. This indicator eases the pain of drawing these lines manually every day. Moreover, it has been observed that SDX is able to define the key market levels with more than 90% of accuracy.

Psych Level Scalping Trading System: Buy Parameters

Psych Level Scalping Trading System Buy Parameters
Psych Level Scalping Trading System Buy Parameters
  • Price is supported by the current SDX Sweet Spot V4 level from going further down
  • M-Candles signals the bullish inside-bar setup with green boxes
  • Buy triggers when price breaks above the green box high
  • Set stop loss below the SDX Sweet Spot V4 level
  • Exit long/take profit whenever M-Candle plots a red box and price moves below the respective box’s low 

Psych Level Scalping Trading System: Sell Parameters

Psych Level Scalping Trading System Sell Parameters
Psych Level Scalping Trading System Sell Parameters
  • Price is resisted by the current SDX Sweet Spot V4 level from going further up
  • M-Candles signals the bearish inside-bar setup with red boxes
  • Sell triggers when price breaks below the red box low
  • Set stop loss below the SDX Sweet Spot V4 level
  • Exit short/take profit whenever M-Candle plots a green box and price breaks above the respective box’s high

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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