Free Forex Systems (MT4), Trend Following Systems

Scalping Panther System MT4

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:

panther scalping Overview
panther scalping Overview

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.

panther scalping Indicators
panther scalping 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

panther scalping System Buy parameters
panther scalping System Buy 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

panther scalping System Sell parameters
panther scalping System Sell 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.
Free Download Panther Scalping System
Free Download Panther Scalping System

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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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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.