Scalper Inside Pro – Reject Filter Concept

The first version of the Scalper Inside Pro indicator was released in mid-2020. Since then, there have been numerous updates and improvements to the indicator. The market has changed, concepts have changed, and some approaches to technical analysis have all transformed and been integrated into the code of the indicator, which has become very popular with traders around the world.

And now, the time has come to present a major update to our beloved Scalper Inside Pro, which has now reached the fifth generation of its development. In light of this, some rebranding has been done to reflect the importance of the new features. However, if you are not inclined towards changes and innovations, and you are accustomed to the Scalper Inside Pro of the previous line, then you can simply choose not to use the new functionality without any problems. The main changes have affected more of the internal structure of the indicator – the code has become even more optimized and improved, compared to even the very popular 4th generation. And the most important improvement in the new 5th version of the indicator is the introduction of the Reject Filter concept for the Strategies 1-2, which will be discussed later in this article.

At the same time, despite significant improvements to the code and the amount of work that has been done in creating all the updates over the years, our policy is that we do not charge extra for updates from previous versions, as can be seen with other software developers. Therefore, purchasers of even the very first version have the opportunity to update to the current version for free within their existing license. And if someone offers you a paid update to the 5th version of the indicator, be aware that you are dealing with piracy and an illegal and unofficial version of the Scalper Inside Pro indicator. At MAFX Solutions, we welcome honest and respectful relationships between developer and customer.

Attention! All MAFX Solutions products are available exclusively through the official MQL5 Market website. Be cautious of fraudsters and imitation versions of our products. When you purchase licensed versions, you gain access to our support, trading advice, and practical guidance on utilizing our products. Additionally, you will receive complimentary updates, which incorporate various improvements and new features. By acquiring or downloading our products from unauthorized third-party websites, you are engaging in illegal activity. Moreover, you forfeit your entitlement to updates and expose your trading operations to the potential hazards linked with the utilization of unlicensed products!

This will not include a basic description of how to use the Scalper Inside Pro indicator, as this has already been covered repeatedly before. And if you, for some reason, are not yet familiar with the Scalper Inside Pro indicator and its basic functions, then we recommend that you first study the following articles about the indicator:

Appearance and Trend Theory in Scalper Inside Pro

In the chart above, Local Trends represent our working timeframe, while HTF Trends represent the global trend from higher timeframes. By activating the Reject Filter, we enable the rejection of price movements on the current timeframe (Local Trends) that go against the HTF Trends.

Does this also work for higher timeframes such as H1, similar to the M5 timeframe? Yes, it does!

Is it always 100% effective? No, not always. Since we rely on trends from higher timeframes as a basis, we may experience a slightly delayed reaction of the current timeframe to price movements. However, in general, this approach is functional but should not be expected to yield a must-have effect. For example, it would be effective during scalping within a range, especially on less volatile financial instruments. Activating this option will generally result in a reduction in the number of trades but an increase in the WR%.

Reject Filter Settings for the Strategies 1-2

Reject Filter is available only for strategies 1 and 2:

Combining Theory and Practice

Let see how buy positions that were against HTF Trends were cut from our chart:

We can see in the chart above that the Buy positions just disappeared, and instead we got 3 Sell positions on the downtrend.

So far, this Reject Filter module cannot be called a 100% solution suitable in all cases. But it already has a huge potential for practical application, and in many cases allows a trader to solve the problem of opening positions against the main trend. This module will obviously be continued and improved in future versions of Scalper Inside Pro. Good luck to everyone, and thank you to all our friends and clients for your support and for your positive feedback! It helps us a lot to maintain and add new features to our products!