scalping system works but need indicator with alarm
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The system is listed below which utilizes 5 second timeframe. It works but you can go crazy watching the market this close. I was wondering if someone could figure out a way to make an mt4 indicator for it. i think it would be pretty dificult but someone says that they already have done it but wont respond when asking for it. Here is the rules of the system I copied off the thread.
RULES:
1. Open a 5 SEC chart of a pair of currencies with the minimum spread available for you (EUR/USD 0.9 spread) **DON'T touch other pairs**
2. Wait for a formation of a "almost flat line" for about 4 minutes
(flat line means the price doesn't move more than 2 pips up and down for 4 minutes)
3. The signal for buy/sell is triggered by a SUDDEN (WITHIN 5 SECS. ) 6+ pip BREAKOUT
4. Set stoploss at 7 pips. When positive 8 pips move stoploss to BE.