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Today we will talk about the long-awaited major update of the Scalper Inside Pro indicator to version v6.0.
Going straight to version v6.0 suggests that the changes in the indicator are so significant that we can consider it the next milestone in the indicator’s lifecycle. The main change is the addition of one more unique strategy to the two already existing ones. This event has been postponed for a long time as we have conducted extensive research in search of an interesting and unique solution that would yield satisfactory results. Therefore, we are especially pleased to present you with the new version of the Scalper Inside Pro v6.0 indicator. Next, we will take a closer look at the new features of the indicator.
Scalper Inside PRO
Product URL: ScalperInsidePRO
Testimonials: Read More…
Current Version: v6.0
Description: The Scalper Inside Pro is an exclusive indicator that utilizes an innovative algorithm to swiftly and accurately determine the market trend. The indicator automatically calculates opening, closing, and profit levels, providing detailed trading statistics. With these features, you can choose the most appropriate trading instrument for the current market conditions. Additionally, you can easily integrate your own arrow indicators into Scalper Inside Pro to quickly evaluate their statistics and profitability.
Trading Instruments: Any
Working Time Frame: Any, but M5 recommended
Trading Platform: MetaTrader 4
Brokers for Trading: Read More…
Advanced Sensitivity Settings
But first, a few words about another important improvement in the indicator. We have often been asked to bring back additional Sensitivity adjustment steps, as it was in version 4+ of the indicator. In version 5+, this number was reduced to simplify it. However, through our work and feedback from our clients, it was noted that this reduction affected the flexibility of adjustment. As a result, we not only restored the previous number of adjustment steps but also added several new ones to make the adjustment process even more flexible for different markets and market conditions.
Features of the New Exclusive Strategy 3
The new exclusive Strategy 3 in version v6.0 of the indicator performs well across various types of markets: Forex, Metals, Stocks, Indices, Commodities, Futures, Cryptocurrencies. However, the strategy shows the best results on the M5 timeframe and in the stock, futures, indices, commodities, and cryptocurrency markets.
You can select a strategy in the indicator settings:
As noted earlier, the new strategy is adapted to the M5 time frame and its sensitivity is regulated by the ‘Strategy 1-3 Sensitivity‘ setting of the indicator. But you can also easily set up the indicator to work on higher timeframes, if you use higher timeframes as working timeframes.
The complexity of Strategy 3 calculations does not currently allow us to implement features such as automatic optimization and the Reject Filter module. Perhaps these features will be considered in the future, but it is too early to say, as they would require significant work to implement.
Basic Settings for Strategy 3 for the M5 Timeframe
Due to the absence of built-in optimization for Strategy 3, we would like to provide some indicative settings for different financial assets. This will allow you to start with a baseline and further fine-tune this strategy according to your own systems or for higher timeframes.
The main concept of the Sensitivity filter remains unchanged: if we observe an excessive number of signals, including a significant portion of unprofitable ones, it’s advisable to adjust the filter until we achieve satisfactory outcomes.
Example of undesirable outcomes when the filter is set too weak:
Compressing the Sensitivity filter to achieve acceptable results:
Our task is to get a balance between the quantity of signals and their quality (profitability). Therefore, when adjusting the Sensitivity, a comprehensive set of modules comes into play, aiming to condense the initial calculations to minimize losses and enhance the overall profitability of the strategy.
Examples of Strategy 3 in Action
Panel Clock Mode Choice
You can choose in which of two modes the clock on the indicator panel will work.
1 – Terminal Clock Mode. In this mode, the clock shows the current terminal time, which is also available in the Market Watch window.
2 – Time to Candle Close Mode. This mode displays the time remaining until the current bar (candle) closes on the selected timeframe.
Terminal Clock Color and Time to Candle Close Color allow you to change the color of the clock display for each of the modes.