Trend Scalp Indicator for MT4 | Free Download
Trend Scalp Indicator is designed to make it easy for the scalpers to identify scalping opportunities without any complicated analysis or indicators. Below is how the Trend Scalper Indicator looks like when you attach to a chart. It will open as a separate indicator window just right below the Forex Price chart.
The Trend Scalp Indicator can easily be understood when you look at it. The blue line indicates that you can consider long and the red line… you can consider shorting the market.
Simple Entry and Exit Rules that you can follow…
To make this Trend Scalp Indicator more reliable, consider adding a filter like a 50 Period Exponential Moving Average.
When the price is above 50 EMA, then you can only Buy.
When the price is below 50 EMA, then you can only sell.
You can see the above chart for XAUUSD as an example.
First, we will only consider SELL when price is below the 50 EMA.
Next, we wait for the Trend Scalp Indicator to generate a SELL signal.
And finally, this is optional, we use our Elite Swing Trader Indicator for confirmation of a high probability entry.
The Elite Swing Trader will also automatically generate a stop loss for the trade and in this example, it’s 1707.66.
You can learn more about the Elite Swing Trader here.
Recommended Time Frames
Technically speaking, you can use this MT4 indicator for all time frames. However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly. We recommend that you use higher time frames like the H4 for better consistency.
Watch this video to learn more about Scalping…
This is one of the best scalping videos we can find out there… take time to learn from it.
How to Install Custom Indicators on MT4 on Windows
How to Install Custom Indicators on MT4 on Mac OS
Visit our Free MT4 Indicator Download page.
We hope you have enjoyed this post as much as we have created this strategy post for you.
Good luck and thank you for your readership.
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