SP2L Poursamadi strategy indicator download in MetaTrader 4 - [TFlab]

The SP2L Poursamadi strategy indicator is a powerful trading strategy in MetaTrader 4, designed based on two key concepts: spikes and 2-leg moves (AB=CD).

This indicator is especially useful for price action traders, fast scalpers and scalpers, providing trading opportunities on the 1 minute and 5 minute timeframes.

After execution, the indicator automatically generates entry signals and calculates entry points, stop loss and take profit levels and displays them directly on the chart.

SP2L Poursamadi strategy indicator table

Information related to the SP2L Poursamadi strategy indicators is provided below:

SP2L Poursamadi strategy indicators at a glance

The design of the SP2L Poursamadi strategy indicator is based on the combination of two key concepts: spike candles and 2-leg moving patterns (AB=CD).

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

The distance between the entry point and the stop loss point serves as the basis for calculating the take profit (TP), and the indicator automatically sets the TP according to a risk-reward ratio of 1:1.

Spike Candle Definition

A spike pattern consists of three candlesticks arranged in a structure:

• The candle in the middle represents imbalance and violent movements;
• A clear gap forms between the first and third candles, indicating strong buying or selling pressure;
• This usually occurs after the integration phase.

The two key conditions for valid peak candles in this strategy are:

1. The peak candle must exceed the peak size defined in the indicator panel;
2. The body of the candle must cover at least 65% of its total size to be sufficiently effective.

After detecting a spike movement, the indicator considers it to be an AB wave. When price retraces and breaks out of the last peak candle, the entry point is established. The trader can then place a trade and use the projected CD wave as a potential profit.

Therefore, the SP2L indicator recognizes AB waves and predicts CD waves, automatically defining entry and exit conditions. Based on the AB=CD structure, it provides high-quality trading opportunities.

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

This limit ensures maximum efficiency for scalping and quick short-term trading.

How to receive a license code

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

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

Enter license code

After loading the SP2L Poursamadi strategy indicator on the chart, the main panel will automatically appear.

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

SP2L Poursamadi Strategy Indicator Uptrend

Use the SP2L Poursamadi strategy indicator to identify buying opportunities on the 5-minute XAU/USD chart. The indicator automatically provides buy signals, entry points, stop loss and take profit levels on the chart.

In this case, the upward spike legs are formed first. After price retraces and breaks out of the last peak candle low, the entry point is established and a buy signal is generated.

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

In this way, price action traders can identify valid entry points and take advantage of corrective moves in the AB=CD pattern.

SP2L Poursamadi strategy indicators are trending downward

A sell signal was generated after the bearish peak and breakout of the last peak candle on the 5-minute USD/CHF chart.

TechnicalTraders using the SP2L Poursamadi strategy indicator can detect peak moves and enter short positions based on the AB=CD pattern.

One of the main features of this indicator is the comprehensive analysis panel, which provides:

• The time remaining until the current candle's close
• Shows all confirmed buy and sell positions
• Buy and sell position quantities
• Spike size

Traders can verify the validity of a peak by comparing the peak size value in the panel with the current candle movement in pips.

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

SP2L Poursamadi Strategy Indicator Settings

The settings for the SP2L Poursamadi strategy indicator are provided below:

License Setting

• Your Key: Enter license code

Alert Setting

• send alert: Enable/disable alerts when generating signals;
• send notification: Enable/disable push notifications when generating signals;
• send email: Enable/disable email alerts when a signal is generated.

Indicator Setting

• Peak Moving Average Candles: Defines the number of candles used to calculate average moves to detect spikes;
• Peak size based on average distribution: Defines the percentage of detected 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 based on two key concepts:

• Peak legs are a sign of strong and violent market moves;
• The AB=CD pattern is a classic structure that confirms trend continuation.

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

Forex and crypto traders can use this strategy to identify peak candles as signaling strong market legs (AB) and then trade the projected CD leg for potential profits.