In this post I will be reviewing the Forex Flash Scalper Strategy. This is a manual forex trading system that has been developed for trading forex in the MetaTrader 4 (MT4) platform. You will need the MT4 desktop platform in order to load the Forex Flash Scalper indicators onto your charts.
The Forex Flash Scalper system will constantly scan all of the charts that you load it onto for possible trading signals. When it finds a buy or sell opportunity, it clearly shows it on the chart and can also send you an alert which saves you needing to watch charts all day long. This also means that you can simultaneously scan multiple currency pairs and chart timeframes for trade setups.
Whilst this may seem like a good solution for those of you who might not have the time required to learn your own trading strategy, there are some advantages and disadvantages to using it which I will be covering in this Forex Flash Scalper Review.
Forex Flash Scalper Strategy
As the name rightly eludes to, this is a forex scalping strategy. That means it relies on small price movements to try and capture a few pips with a high frequency of trades. It is based on a reversal trading strategy where it will try to enter the forex market at the high or low of a particular market move. The Forex Flash Scalper signals are very easy to read and understand. Everything is clearly displayed on your charts with optional entry and exit points.
Reversal trading analysis and seeks to take advantage of changes in the direction of a trend. A change in the trending price direction is called a reversal. Reversal trading carries a higher level of risk in case the market continues in the original direction it was heading. This is because it primarily relies on predicting when a true reversal will occur, as opposed to a pullback.
A pullback is a change in the direction of the price – for instance, down in an upward trend – that does not affect the overall trend. You may also hear the term ‘retracement’. This is synonymous with a pullback. A reversal trader will generally wait to identify a reversal before they buy or sell, meaning that their trade happens after the change in direction has occurred.
The Forex Flash Scalper Strategy template includes an advanced trend analyser indicator that will help you to trade the trend on all of your chosen trading instruments and timeframes within seconds. Of course, as with any forex indicator it cannot be reliable all of the time. There will be good and bad signals. For that reason, I would conduct my own additional market analysis to confirm the trade before taking a position.
Trend following (or trend trading) is one of the most popular day trading strategies in the market. As the name suggests, it involves identifying a trend that has already formed and then following it. It is a relatively different strategy from the reversal strategy that hopes to identify points where reversals take place. The Forex Flash Scalper Strategy is analysing the forex market for both trending conditions and reversal opportunities to ensure that it can adapt to various market scenarios.
The Forex Flash Scalper Strategy has a handy trading dashboard where you can quickly and easily scan multiple trading instruments to see what is happening across the markets and for supporting your trading. This is useful as it saves you from needing to switch between charts all of the time by having everything in one place.
The Forex Flash Scalper software comes with a bonus trade assistant EA which essentially helps to speed up the trading process. You will find that it has some simple buttons for placing and managing trades in an efficient manner.
Forex Flash Scalper Features
- Manual forex trading strategy for the MetaTrader 4 platform
- Non-repainting forex signals based on market trends and reversals
- Signal notifications can be sent via SMS, email and platform alerts
- Quick and easy to setup with detailed instructions included
- Comes with full support and free updates for life
- Bonus trade assistant for convenient trading at the click of a button
Forex Flash Scalper Summary
Overall, this is a relatively cheap system but perhaps not that different from something that you could build yourself using the default technical indicators that are already included within the MT4 platform. However, I can understand why it may be useful for beginners who want something that has been nicely packaged together and can be used “straight out of the box”.
The problem is that whilst the Forex Flash Scalper Strategy can generate both good and bad signals, I feel that it really will require the user to do some of their own market analysis in order to try and filter the good from the bad trade setups. In my opinion, the Forex Flash Scalper signals need additional confirmation.
Then you need to think about money management. Whilst you could use the Forex Flash Scalper System for entry and exit points, each forex trader will have a different opinion when it comes to stop loss and take profit levels. I have seen the exact same forex strategy give completely different results simply because the traders are using different money management strategies.
The Forex Flash Scalper Strategy includes detailed instructions, plenty of trade examples, full support and of course, the trading strategy template and indicators. If you want to give it a go, I would only start on a demo trading account to begin with. This can help you get a feel for how it works and see if it is something that you have success with.
In order to use Forex Flash Scalper System, you will need a trading account with a forex broker. With so many forex brokers to choose from nowadays, it can seem very difficult to find a suitable option. If you are new to forex trading online and looking for some ideas, please feel free to browse my best forex brokers for some inspiration along the way.
Forex Flash Scalper Strategy
$37
Pros
- Trade Assistant EA
- Versatile Forex System
- Any Forex Broker
- Any Trading Instrument
- Any Chart Time Frame
- BUY/SELL Signals
- Trading Dashboard
- Detailed Instructions
- Full Support
- Unlimited Licenses
Cons
- MetaTrader 4 Only
- Not Very Innovative
- Basic Trading Strategy
- Requires Some User Initiative
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
