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Indicators: Arrozaq_arrow.mq4, arrozaq.mq4, Arrozaq Support and Resistance.mq4 (Unlocked – Source Code), Templates: arrozaq_m5.tpl, arrozaq_m15.tpl, NO MANUAL.

📊 Arrozaq Scalping System Overview

The Arrozaq Scalping System is a simple yet effective trading strategy tailored for the forex market, specifically targeting 5-minute and 15-minute time frames. It’s designed to help traders, especially beginners, to consistently generate profits by capitalizing on small price movements. The system uses a set of six technical indicators to filter out the best trading opportunities.

🛠️ Indicators Used in the Arrozaq Scalping System

1. Arrozaq Support and Resistance

   • Key support and resistance levels that guide trading decisions.

2. Exponential Moving Averages (EMAs)

   • Blue EMA: 15-period EMA

   • Red EMA: 5-period EMA
     These help determine trend direction and potential reversal points.

3. Custom RSI (Relative Strength Index)

   • Used to gauge the strength of a currency pair and identify overbought or oversold conditions.

   • RSI levels above 50 indicate strength, while below 50 indicates weakness.

4. Arrozaq Filter Indicator

   • This custom indicator has three levels of filtration and shows either green (bullish) or pink (bearish) bars, which act as filters for buy/sell signals.

5. Arrows

   • Green and pink arrows are used to indicate potential buy or sell signals.

🚦 Entry Conditions for the Arrozaq Scalping System

Buy Conditions:

1. Arrozaq Support and Resistance Line: A blue line should appear below the price chart, indicating a support level.

2. Arrow: A green arrow should appear below the price chart, signaling a potential buy.

3. RSI: The RSI should be above 50, indicating a strong bullish trend.

4. Arrozaq Indicator Filters: All filters should show green bars, confirming the buy signal.

5. Stop Loss: Place your stop just below the recent swing low.

6. Take Profit: Exit when a red horizontal Arrozaq support and resistance line appears above the price chart.

Sell Conditions:

1. Arrozaq Support and Resistance Line: A red line should appear above the price chart, indicating a resistance level.

2. Arrow: A pink arrow should appear above the price chart, signaling a potential sell.

3. RSI: The RSI should be below 50, indicating a strong bearish trend.

4. Arrozaq Indicator Filters: All filters should show pink bars, confirming the sell signal.

5. Stop Loss: Place your stop just above the recent swing high.

6. Take Profit: Exit when a blue horizontal Arrozaq support and resistance line appears below the price chart.

💡 Additional Tips for Effective Scalping with Arrozaq System

• Market Hours: Scalping works best during high liquidity hours (such as London or New York trading sessions).

• Currency Pairs: Focus on pairs with tight spreads and high volatility, such as EUR/USD or GBP/USD.

• Money Management: Always use proper risk management techniques, as scalping can involve frequent entries and exits.

This system allows traders to make quick decisions while managing risk effectively. By following the outlined conditions and using the template for the 5-minute chart, traders can stay on track and avoid emotional trading errors.