The Hama Scalping System automatically determines the market trend and finds the best place for making trend-following entries. It comes with some amazing trend analysis indicators such as Kijun Tenkan, FTI HAMA, and X3 Semafor which are known as strong MT4 trend indicators.
For levels, you may depend on its PivotsD V5 indicator. It plots daily and monthly pivot-based support and resistance which are regularly updated at the end of each New York Session.
Besides, you’ll find the MACD Histogram at the bottom of the chart. This indicator has been added as a trend signal filter.
Hama Scalping System is equally effective for both beginners and experienced professionals. According to our observation, this system is good for MTF chart analysis and suits all types of forex instruments.
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Buy Signal Generation with Hama Scalping System
The Kijun Tenkan moves above the 11-SMA means it is a bullish crossover. Once you spot a bullish crossover, wait until the FTI HAMA turns blue for further confirmation of a bullish trend.
Also, the price should be supported at any pivot level along with an X3 Semafor dot below the price candle before you trigger a buy order. Hold the long entry until the MACD Histogram bars remain blue.
Sell Signal Generation with Hama Scalping System
As you can see in the above image, the price rejects the PivotsD level and treats the level as resistance. Next, the Kijun Tenkan value drops below the 11-SMA level confirming a bearish crossover.
On top of that, an X3 Semafor dot appears above the candle which is a confirmation for a sell order. Hold the entry until the MACD Histogram turns blue. Please note that the R: R of the Hama Scalping System is 1:2.
Hama Scalping System portrays one of the best trading strategies for technical traders. It uses a triple-filtering system of the market trends that enhance the winning rate of the system’s buy/sell signals.
This system indeed uses advanced trend indicators but its chart demonstration makes it much easier to read the signals.
You don’t need any prior technical analysis experience for mastering Hama Scalping System. So, beginners may find it a worthful trading system to start with.
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