In this post I will review the Forex Gendhis Scalper Strategy. This is a manual forex trading strategy that uses a trading template which is a combination of technical indicators that look for potential trades and alert the user when it finds a trading signal.
The Forex Gendhis Scalper Strategy has been designed to run in the popular MetaTrader 4 (MT4) platform which is used by millions of forex traders from all across the globe. This strategy can be used by beginners as it is very user friendly with colour coded trading setups and an easy to follow instruction manual included.
In order to use this forex system, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Forex Gendhis Scalper Strategy
The Forex Gendhis Scalper Strategy uses the Demarker, Stochastic, and Moving Average (МА) indicators to determine the trend strength and probability of its change.
The developer states that the “strategy has been tested, reviewed, refined, and re-tested to ensure that we have the most powerful and robust tool in the market.” Fair enough.
The Gendhis Scalper is programmed to automatically adapt to the current market conditions with a cutting-edge polynomial algorithm that adjust system parameters in real-time.
The Forex Gendhis Scalper Strategy will generate trading signals based on predefined settings. The UP and DOWN signals will notify you of each new trading setup as defined in the indicator’s settings.
In addition to big arrows drawn on the charts the signals can be delivered as a small pop up window with a sound alert (as seen in image), email message sent to your mobile device such as phone or tablet.
The pop-up alerts will notify you of each Gendhis Scalper signal – conditions defined by the Gendhis Scalper signals indicator and/or the user.
You will no longer need to stay glued to your monitor screen for hours waiting for a potential setup and can simultaneously monitor multiple instruments and charts.
The Forex Gendhis Scalper Strategy can be used on any currency pair and time frame. The fact that it is a scalping trading system suggests that it should be used on the lower time frames.
I would personally trade on the major currency pairs with an ECN forex broker, especially when using a scalping system. This is because I find they tend to have some of the lowest spreads and plenty of liquidity for fast trade execution speeds.
That being said, the beauty of this system is that it is flexible and can be used in a way that suits the individual traders and their goals.
Demarker Signal
The DeMarker indicator, also known by the abbreviation “DeM,” is a technical analysis tool that compares the most recent maximum and minimum prices to the previous period’s equivalent price to measure the demand of the underlying asset.
The larger the number of periods you use, the smoother the curve of the DeMarker Indicator. The smaller the number of periods, the more responsive the curve. For smaller periods, which give sharper oscillations, you might want to consider a higher boundary for overbought, and a lower boundary for oversold.
Stochastic Signal
The stochastic oscillator measures the momentum of price movements. Momentum is the rate of acceleration in price movement. The idea behind the stochastic indicator is that the momentum of an instrument’s price will often change before the price movement of the instrument actually changes direction. As a result, the indicator can be used to predict trend reversals.
The stochastic indicator can be used by experienced traders and those learning technical analysis. With the help of other technical analysis tools such as moving averages, trendlines and support and resistance levels, the stochastic oscillator can help to improve trading accuracy and identify profitable entry and exit points.
Moving Average
A moving average is a technical indicator that market analysts and investors may use to determine the direction of a trend. It sums up the data points of a financial security over a specific time period and divides the total by the number of data points to arrive at an average. It is called a “moving” average because it is continually recalculated based on the latest price data.
Analysts use the moving average to examine support and resistance by evaluating the movements of an asset’s price. A moving average reflects the previous price action/movement of a security. Analysts or investors then use the information to determine the potential direction of the asset price.
Forex Gendhis Scalper Strategy Summary
I believe that the Forex Gendhis Scalper Strategy is a basic trading system that requires the user implements sound money management and good trading discipline.
It is very easy to use and flexible for individual trading needs. You can use it standalone or as an additional filter for another trading strategy.
The Forex Gendhis Scalper Strategy includes setup instructions, full support and free updates.
Overall, this is a basic forex strategy, and I do not think it is much different from a trading strategy template that you could build yourself in the MetaTrader platform by simply using the default technical indicators and drawing objects that are included within the platform free of charge. If you want to learn more and get the Forex Gendhis Scalper download you can visit the website by using the link below.
Forex Gendhis Scalper Strategy
$37
Pros
- Manual Trading System
- Scalping Strategy
- Any FX Currency Pair
- Any Chart Time Frame
- Manual Trading Signals
- Detailed Instructions
- Full Support
- Free Updates
Cons
- Requires Ideal Trading Conditions
- Quite Basic Forex Strategy
- Requires Some User Initiative
- MetaTrader 4 Platform Only
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.
