Scalping Panther System MT4 is a scalping forex trading system. It is an amazing scalping forex system. It is the trend following scalping system so I love it. It is a very simple forex scalping system. lots of moving averages are used in this forex trading system. But you don’t have to analyze all of the moving averages to get the right signal from the market. You just have to focus on some indicators to get your signals. As per my experience this indicator works best on M15 time frame.
Scalping Panther Overview
If you installed this forex system correctly in your platform, your chart will look like this:
Scalping Panther Indicator Overview
There are many indicators in this system if you want to go number wise but let’s focus only on major indicators.
| Time Frame | Currency Pairs | Number of Indicators | Ratings |
| M15 | Major pairs | 3 | 9.8/10 |
- Slope Directional Line
This is a moving average which becomes golden in color when market is bearish and blue when the market is bullish.
- EMA Crossover Signal
You can see blue and golden arrows; this is the EMA Crossover Signal indicator. You should buy when you see blue arrows and vice versa.
- Laguerre
Laguerre indicator is an oscillator indicator which shows oversold and overbought territories.
- MACD
MACD indicator comprises of histogram. Positive histogram indicates bullish market conditions and negative histogram indicates bearish market conditions.
Another Scalping System: TFX Obos Scalping System
Panther Scalping System: Buying Parameters
- Market should be trending higher.
- Market should be above Slope Directional Line indicator.
- A blue arrow should appear below the market price.
- Laguerre indicator should be trending higher.
- MACD histogram should be in positive territory.
- Open your buy position when above parameters is met.
- Keep your stop loss below the recent support level.
- Book your profit when you see golden arrow above the market price.
Panther Scalping System: Buying Parameters
- Market should be trending lower.
- Market should be below Slope Directional Line indicator.
- A golden arrow should appear above the market price.
- Laguerre indicator should be trending lower.
- MACD histogram should be in negative territory.
- Open your sell position when above parameters is met.
- Keep your stop loss above the recent resistance level.
- Book your profit when you see blue arrow below the market price.
