Optimal settings of the iVISTscalp5 forecast indicator
28.03.2024
iVISTscalp5 indicator is a unique system of forecasts for the week ahead for any instrument in the mt5 trading terminal. We have done all the most difficult things. A trader needs to put in a little effort and study trading based on time forecasts (timings). Scalping time levels are a completely new approach that we were able to implement using the iVISTscalp5 indicator and
ScalpAuT Trading Advisor. The main thing is to study the basic rules of our forecast system for fast scalping by time levels.
Advantages of the iVISTscalp5 forecast indicator:
1. The iVISTscalp5 indicator is a completely ready–made system for fast scalping according to timings (forecasts). Install on the M1 time frame!
2. The indicator can be used to forecast any financial instrument in mt5. You get an average of 95% positive forecasts. By studying the operation of the iVISTscalp5 indicator, you will gradually come to a 100% positive profit.
3. The iVISTscalp5 indicator automatically calculates the forecast for scalping based on the time of your mt5 terminal. You don't need to configure anything.
4. All settings of the iVISTscalp5 indicator can be used by default for all financial instruments. You don't waste time trying to figure out the parameters for a long time. You bought it and immediately test it on the financial pairs you work with.
5. The MT5 trading terminal can be easily installed on a computer or laptop, and the iVISTscalp5 indicator can be launched. Open a free mt5 demo account, install the mt5 trading terminal and use the indicator forecasts on the trading platform on which you trade. For example, you can register, open a demo account and download mt5
here.
6. For traders who trade only by phone, we have created a
website. Our website presents forecasts of the iVISTscalp5 indicator in real time.
7. The iVISTscalp5 indicator is an effective simulator for self–learning trading.
8. The iVISTscalp5 indicator relieves tension and does most of the scalper's work. You get a forecast not only for time levels (timings), but also the average profit value that you can get. Your task is to analyze and make a decision. In addition, to regulate the degree of risk.
Simple settings of the iVISTscalp5 indicator
Each trader has his own trading style. Some people trade long-term and can make one or two trades per month. Other traders sit at the computer all day and take scalps on some financial instrument. They can make 10-30 transactions per day. Other scalpers make two or three trades a day in large volume, but they analyze it very carefully. As a result, they get a good profit.
The iVISTscalp5 indicator can be customized to suit your trading style. Today we will give the most optimal parameters for the iVISTscalp5 indicator. All you have to do is take a test and choose the best option for your trading style. All settings are suitable for any financial instrument.
OPTION 1
(Using the iVISTscalp5 indicator by default)
Novice traders with these settings of the iVISTscalp5 indicator are better off working on 2-3 trading weeks. These parameters are suitable for professional scalpers, who instantly determine which timings (forecasts) are best ignored. With such settings, the iVISTscalp5 indicator can be used by scalpers for any trading week. Professional traders can master the forecast system within one day. Additionally, you can read the basic rules of our scalping system once.
It will take 2-3 weeks for a novice trader to learn our forecasting system. To do this, the iVISTscalp5 indicator should be used as a simulator for understanding market situations. Run the iVISTscalp5 indicator in the mt5 strategy tester and observe how forecasts (timings) are performed on different days. You can test different parameters, which will be presented in this article. In parallel, you trade on timings on a demo account. It's best if your workouts last one or two months (or as long as you need for understanding and confidence). You must trade on timings (time levels) on a demo account every day using the rules of the system.
OPTION 2
Tinctures of the iVISTscalp5 forecast indicator (timings) to determine the direction of the pulse at 60 minutes. Use these settings in conjunction with the settings Option 1. Never deviate from the rules of the scalping system by time levels! Working by the rules and discipline is the way to success.
How do I use Option 2 settings in conjunction with Option 1?
It is best to use such settings of the iVISTscalp5 indicator for 2-3 trading weeks of the month.
1. First, install the iVISTscalp5 indicator, for example, on the XAUUSD pair. To do this, open two XAUUSD windows on M1 timeframes. The iVISTscalp5 indicator calculates all forecasts using one-minute candles.
2. The iVISTscalp5 indicator gives a forecast for any instrument for the week ahead! Therefore, every trader has the opportunity to analyze and assess the situation on the currency pair in advance. It is difficult to see the forecast for the whole week on the chart. But in the iVISTscalp5 indicator, it is possible to get in text form all the time levels for scalping for the week ahead.
3. Let's take an example of two settings of the iVISTscalp5 indicator. For example, take the XAUUSD pair. At the bottom of the photo on the left is the setting Option 1. On the right is Option 2. We remind you that all forecasts calculated by the iVISTscalp5 indicator are displayed on the chart. On the chart you can also see all the main price levels, channels, volume accumulation, trend lines and trend averages (ATR - sigma averages). The analysis should be comprehensive!
4. Compare the timings (time levels) on both charts. The iVISTscalp5 indicator with the dt_min=60 parameter gives a forecast of the main pulse in the time interval plus or minus 60 minutes. The iVISTscalp5 indicator with the dt_min=7 parameter gives a forecast for fast scalping within plus or minus 7 minutes.
5. Be sure to take into account the basic rules of our forecasting system. Important news background and expirations can greatly change the timing of forecasts. Pay attention to this. On weekends, be sure to make a table for the entire trading week with all the important events that may affect your trading by timings (forecasts).
6. In the photo below, we analyze what is on the seven-minute timings (upper graph) and on the 60- minute timings (lower graph). If both charts have buy spectra in a certain interval, we understand that we can open buy orders based on seven-minute timings (forecasts).
This variant of the iVISTscalp5 indicator parameters calculates a forecast for the week ahead for any financial instrument based on the quotation history of longer options and futures contracts. It is best to use such settings of the iVISTscalp5 indicator for the first and last trading weeks of the month. All settings of the iVISTscalp5 indicator are suitable for any financial instrument in the MetaTrader 5 terminal. Choose the options that are most suitable for you to trade effectively. To do this, run more tests and study the operation of the indicator.
How do I upload the iVISTscalp5 indicator to the mt5 terminal for testing?
How to buy our tools for effective trading?
There are only two purchase options:
First: on the official MQL5 website
Second: contact one of the creators of the project in Telegram @rosy440