SP2L Poursamadi Strategy Indicator in MetaTrader 4 Download - [TFlab]

The SP2L Poursamadi Strategy Indicator is a powerful trading strategy in MetaTrader 4, designed based on two key concepts: Spike and 2-Leg Move (AB=CD).

This indicator is particularly useful for price action traders, fast scalpers, and scalpers, providing trading opportunities in 1-minute and 5-minute timeframes.

Once executed, the indicator automatically generates entry signals and calculates entry points, stop loss, and take profit levels, displaying them directly on the chart.

SP2L Poursamadi Strategy Indicator Table

Below, the information related to the SP2L Poursamadi Strategy Indicator is provided:

SP2L Poursamadi Strategy Indicator at a Glance

The SP2L Poursamadi Strategy Indicator is designed based on the combination of two key concepts: Spike Candles and the 2-Leg Move pattern (AB=CD).

It intelligently detects spike candles and determines entry points based on their breakout. After identifying the initial wave as point A, the stop loss (SL) is set at the same point.

The distance between the entry point and stop loss is used as the basis for calculating take profit (TP), with the indicator automatically setting TP at a 1:1 risk-to-reward ratio.

Definition of a Spike Candle

The spike pattern consists of a three-candle aligned structure:

• The middle candle represents imbalance and has a sharp move;
• A clear gap is formed between the first and third candles, indicating strong buying or selling pressure;
• This usually appears after a consolidation phase.

Two key conditions for a valid spike candle in this strategy are:

1. The spike candle must exceed the Spike Size defined in the indicator panel;
2. The body of the candle must cover at least 65% of its total size for sufficient validity.

After detecting a spike move, the indicator considers it as wave AB. When price retraces and breaks the last spike candle, the entry point is determined. Traders can then enter trades and use the projected CD wave as potential profit.

Thus, the SP2L Indicator identifies wave AB and forecasts wave CD, automatically defining entry and exit conditions. Based on the AB=CD structure, it provides high-quality trading opportunities.

This indicator is designed exclusively for short-term trading and works only on 1-minute (M1) and 5-minute (M5) timeframes.

This restriction ensures maximum efficiency in scalping and fast short-term trades.

How to Receive the License Code

To activate the indicator and receive the license code, simply contact the support team and submit your request.

Traders can send this request via the website’s online chat or messaging apps such as WhatsApp or Telegram to obtain the license code.

Entering the License Code

After loading the SP2L Poursamadi Strategy Indicator on the chart, the main panel will be displayed automatically.

In this panel, there is a section labeled "Your License" where the received license code should be entered without any changes or additional spaces before running the indicator.

Uptrend in the SP2L Poursamadi Strategy Indicator

On the 5-minute XAU/USD chart, a buy opportunity is identified using the SP2L Poursamadi Strategy Indicator. The indicator automatically provides buy signals, entry points, stop loss, and take profit levels on the chart.

In this case, an upward spike leg was formed first. After price retraced and broke the last spike candle low, the entry point was determined and a buy signal was generated.

• Stop Loss (SL): Lowest point of the spike leg or starting point of wave A;
• Take Profit (TP): Calculated based on the distance between entry and SL, marked with a 1:1 risk-to-reward ratio.

This way, price action traders can identify valid entry points and capitalize on corrective moves using the AB=CD pattern.

Downtrend in the SP2L Poursamadi Strategy Indicator

On the 5-minute USD/CHF chart, after a bearish spike and a breakout of the last spike candle, a sell signal is generated.

Technical traders using the SP2L Poursamadi Strategy Indicator can detect spike moves and enter short positions based on the AB=CD pattern.

One of the key features of this indicator is a comprehensive analysis panel providing:

• Remaining time until the current candle closes
• Display of all identified buy and sell positions
• Number of buy and sell positions
• Spike size

By comparing the spike size value in the panel with the current candle movement (in points), traders can verify the validity of a spike.

If the candle movement (in points) exceeds the defined spike size, the indicator identifies it as a valid spike and generates a trading signal.

SP2L Poursamadi Strategy Indicator Settings

Below, the settings of the SP2L Poursamadi Strategy Indicator are provided:

License Setting

• Your Key: Enter license code

Alert Setting

• send alert: Enable/disable alerts when signals are generated;
• send notification: Enable/disable push notifications when signals are generated;
• send email: Enable/disable email alerts when signals are generated.

Indicator Setting

• Candle for spike moving average: Define the number of candles used for calculating the average movement to detect spikes;
• spike size based on average distribution: Define the percentage for detecting spikes within the selected candle range.

Conclusion

The SP2L Poursamadi Strategy Indicator is a powerful scalping tool that provides traders with highly accurate and reliable entry points.

This strategy is built upon two key concepts:

• Spike leg as a signal of strong and sharp market moves;
• AB=CD pattern as a classic structure for confirming trend continuation.

In addition to generating buy and sell signals, the indicator also automatically sets target and stop loss levels.

Forex and crypto traders can use this strategy to identify spike candles as signals of strong market legs (AB) and then trade the projected CD leg for potential profit.