Description
Forex Gravity Scalper Strategy MT4 Manual System
Forex Gravity Scalper Strategy. This is a manual forex trading strategy for the MetaTrader 4 (MT4) platform that also includes an automated trading option for those of you who are looking for a completely hands-off trading system. It is quite rare for me to come across a forex software that can be used as both a forex robot and manual trading indicator.
It may seem tempting to use an automated forex strategy because it means you can spend less time studying the charts and looking for trading signals yourself. I know from many years of experience that can be a mundane and difficult task at the best of times.
However, just because the FX G-Scalper can be used automatically and generate buy and sell signals without you lifting a finger, that does no guarantee good performance by any stretch of the imagination. I think this, as with any other forex strategy, requires significant user input for the reasons that I will be covering in this Forex Gravity Scalper Strategy Review.
Forex Gravity Scalper Strategy
The FX G-Scalper uses a unique forex scalping strategy that can be set to manual or automated mode, depending on what you are looking for and how you prefer to trade. You could also get the best of both worlds and have it analyse the forex market automatically for signals then send you an alert via SMS or email when it finds a buy or sell opportunity. From there, you could then fire up the charts on your MT4 desktop platform or app and see if you would like to enter a position or wait for the next opportunity to come along.
Personally, I would want to conduct my own additional market analysis before taking any of the FX G-Scalper signals. This is because I think they will be too hit and miss without further confirmation. Yes, you can use it straight out of the box as is, but I think by adding your own analysis can give you that extra edge and also help you to understand more about how the system works and become a better forex trader in the long run.
The FX G-Scalper is a very versatile forex trading system as you can use it on any currency pair and any chart timeframe that you wish. The developer does mention the m15 chart timeframe and below which is quite typical with forex scalping strategies. I do find that these chart timeframes can be quite noisy which means there will be plenty of false signals. Again, this reiterates why I feel that the Forex Gravity Scalper Strategy requires some user input.
You will also need to think carefully about the money management strategy that you will be using with this forex system. Yes, you could use the default stop loss and take profit levels provided, but that may not fit within your own risk preferences.
Therefore, you should set the levels to something that you feel comfortable with. I would probably only look to take the trades that give a favourable risk to reward ratio where I don’t need to worry about one bad trade taking out a run of winning trades.
Forex Gravity Scalper Strategy Features
- Manual forex indicator and fully automated system in one
- Choose from the default and customisable settings
- Built-in money management without martingale or grid trading
- Easy to setup and use with detailed instructions included
- Developed for the MT4 platform and supports any MT4 broker
Forex Gravity Scalper Strategy Summary
Overall, I think it is good that the FX G-Scalper Strategy combines a manual trading strategy with an automated trading option. The developer has clearly spent some time putting this together and it is well packaged to be fair. The buy and sell signals are very clear so it can be used by beginners and does comes with easy to follow setup instructions.
However, there are some important limitations to be aware of. Mainly, I would not be blindly taking these signals as they are without first conducting my own market analysis and understanding why there may or may not be an entry/exit opportunity. The money management will need some work so that you are using stop loss and take profit levels that work according to your own forex trading plan because every trader is different in that respect.
If you are interested in downloading the Forex Gravity Scalper Strategy, you could always start on a demo trading account to begin with. This could be a great way to familiarise yourself with how to trade with the Forex Gravity Scalper System and get the most out of it. You can get a free demo trading account from most forex brokers. Once you have built some confidence and have some success, you may then consider switching over to a real live account.
If you find that it is working well, you could always implement it within your own trading strategy to help you achieve your individual trading goals or even use it as a standalone forex system. There are many ways in which the FX G-Scalper Strategy can be used, so it is important to try and see if it can work for you before making any commitment.
admin (store manager) –
Great Indicator, recommended