How to Make Money Online By BEST MT4 EA
The video discusses how to make money online by using the Scop Pro indicator for scalping and day trading. Four conditions are discussed for better odds of winning trades. The indicator has been tested with over 500 professional traders and has a winning average of more than 75%.
How to Use Scop Pro to Make Profitable Trades
Introduction to Making Money Online
As more people turn to the internet for income, making money online has become a huge topic of interest. In this article, we will be discussing how to use Scop Pro to make profitable trades. Scop Pro is an indicator that focuses on price action and has been tested with more than 500 professional traders, with a winning average of more than 75%. If you want to learn how to use Scop Pro to make profitable trades, then keep reading.
Getting Started with Scop Pro
The first step to using Scop Pro is to download the indicator from the Bestmp4ea.com website. Once you have downloaded the indicator, you will find a zip file containing two indicators – SFI Bound and SFI Zone. To add these two indicators to your list, you need to copy and paste the files into your MT4 indicator list. After doing so, right-click and click refresh, and the indicators will be added to your list.
Understanding the Four Conditions of Scop Pro
There are four conditions that traders using Scop Pro need to consider – the band, SFI zone, 200 MA simple, and 12 exponential and 32 exponential moving averages. Let’s take a closer look at each of these conditions.
Condition One: The Band
The band is where the price action will move, and traders need to look for opportunities when the price is reaching the edge of the band. The red or green line indicates a position where traders can find an opportunity for trade. However, this is just the first condition of Scop Pro, and traders need to consider the other three conditions to improve their odds of winning the trade.
Condition Two: SFI Zone
The SFI Zone indicator points out all, daily, weekly, and monthly resistances and supports, as well as pivot points. This zone makes it easy for traders to identify where the support and resistance levels are, and whether a trade should be a buy or sell. Whenever the price is reaching the support section, traders need to look for a buy signal, while reaching resistance will indicate a sell signal or indicate that it’s time to exit the trade.
Condition Three: 200 MA Simple
Adding a 200 MA simple moving average to the chart will confirm whether the price is moving closer or away from the 200 MA. If the price is closer to the 200 MA, then traders need to avoid performing any trades. Conversely, when the price is away from the 200 MA and reaches the edge of the band, traders need to look for buy/sell signals based on resistance and support levels.
Condition Four: 12 exponential and 32 exponential Moving Averages
The 12 exponential and 32 exponential moving averages are the last confirmation traders need before executing their trades. Whenever the yellow line (12 exponential) cuts the blue line (32 exponential) downwards, traders need to make a sell order and exit near the 200 MA or green line. Conversely, when the yellow line cuts the blue line upwards, traders should execute a buy order and exit near the 200 MA or red line.
Using Scop Pro for Scalping and Day Trades
Scop Pro is an indicator that focuses on price action, making it suitable for scalping and day trades. Traders can initiate trades based on the four conditions, but it’s best to wait for the fourth condition to be met before pulling the trigger. Scop Pro has been tested with professional traders, with a winning average of over 75%, making it a powerful tool for anyone looking to make money online.
Conclusion
Using Scop Pro can help traders make profitable trades based on price action. The four conditions of Scop Pro are crucial to understanding and maximizing the odds of making successful trades. While this indicator can be challenging to use for inexperienced traders, it’s possible to learn fast and make profitable trades. Whether you are an experienced trader or a beginner, incorporating Scop Pro into your trading strategy will help you in achieving your financial goals.
