TTM Scalper Indicator MT4

The TTM Scalper Indicator MT4 is a very simple indicator that shows you the pivot high and low points in the price.

The TTM scalper plots a blue or a red line when the price has made a pivot high or a pivot low.

There are a number of ways you can interpret the signals from the TTM Scalper Indicator.

The TTM Scalper indicator is a technical indicator that is used by forex traders to identify potential trade entry and exit points.

The indicator is based on the principle of trend following and uses a combination of price action, moving averages, and support and resistance levels to generate trading signals.

What is the TTM Scalper Indicator?

The TTM Scalper Indicator is a technical indicator that is used to identify price momentum and potential reversals in the market. The indicator is based on the premise that prices tend to move in waves, and that these waves can be used to predict future price movements. The TTM Scalper Indicator uses a combination of moving averages and price action to generate buy and sell signals. The indicator is designed for use on intraday charts, and can be applied to any timeframe.

How to use the TTM Scalper Indicator

There are two ways to use the TTM Scalper Indicator. The first way is to use it as a standalone indicator, which will generate buy and sell signals based on its own internal algorithms. The second way is to use it as a confirmation tool in conjunction with other technical indicators or chart patterns.

When used as a standalone indicator, the TTM Scalper Indicator can be quite effective in finding trading opportunities in the market. It is recommended to look for situations where the indicator generates a clear and strong buy or sell signal, and then enter the trade in the direction of that signal. It is also important to pay attention to market conditions when using this indicator, as it tends to work best in ranging or sideways markets rather than during strong trends.

When used as a confirmation tool, the TTM Scalper Indicator can help provide added confidence to trades that are being considered. For example, if there is a bullish trend on the chart and the TTM Scalper Indicator generates a buy signal, this could be viewed as further confirmation that prices are likely to continue moving higher. Similarly, if there is a bearish trend on the chart and the TTM Scalper Indicator generates a sell signal, this could be viewed as further confirmation that prices are likely to continue moving lower. As with any technical indicator, it is important to remember that no single indicator should be used in isolation but rather should be one part of an overall trading strategy.

Pros and Cons of the TTM Scalper Indicator

The TTM scalper indicator is a popular tool among day traders. It is simple to use and can provide traders with an edge in the market. However, there are also some drawbacks to using this indicator.

Some pros of the TTM scalper indicator include:

1. It is easy to use and understand.

2. It can help traders find trading opportunities that they may not have otherwise found.

3. It can help traders stay disciplined by providing clear entry and exit signals.

Some cons of the TTM scalper indicator include:

1. It can give false signals in choppy markets.

2. It can cause traders to miss out on potential profits if they do not exit their trades soon enough.

3. It can lead to overtrading if used excessively.

When to go long using the TTM Scalper Indicator?

Wait for the TTM scalper to plot a red line near the low end of the trend.

Following this, you can then set a pending long order a the high of the bar that the TTM indicator has plotted.

Make sure that the previous trend is down.

When to exit your long positions?

Exit the long position using the TTM Scalper Indicator as and when your trade hits a 1:3 fixed risk-reward

ratio set up.

Alternately, you can simply trail your stops until you get stopped out.

When to go short using the TTM Scalper Indicator?

Wait for price to be moving higher, making higher highs.

When you see the TTM scalper plotting a blue line, you can set a pending short order near the low end of the price bar.

When to exit your short positions?

Exit the long position using the TTM Scalper Indicator as and when your trade hits a 1:3 fixed risk-reward ratio set up.

Alternately, you can simply trail your stops until you get stopped out.

Where to set the stop loss

The initial stop loss for both long and short positions are to be set near the low end of the bar that signaled the entry.

How to Increase Your Winning Ratio with the TTM Scalper Indicator MT4?

When you add the TTM Scalper Indicator and use it together with a proven trend trading system like the Elite Swing Trader or Simple Trend Trading System, you can only expect to achieve a better win ratio and better risk-reward ratio.

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 or even higher for better consistency.

Click Here for Your Free Download of TTM Scalper Indicator.ex4 file

Conclusion

The TTM scalper indicator for MT4 is a powerful tool that can help you make better trades.

This indicator can provide you with clear and concise information about the market, which can help you make more informed decisions.

The TTM Scalper Indicator as shown is a very simple technical indicator.

You can use this to trade standalone or you can combine the TTM scalper with other trading strategies.

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