The 20 Pips ADXM Forex scalper indicator does an awesome job and delivers great 20 pip profit target scalping signals on the M1 and M5 trading charts.
After loading the 20 pips Forex indicator onto the MT5 chart, the buy/sell signals will appear in a sub-trading chart below the main chart.
The buy and sell trade logic is very simple to understand for any trade.
- A green ADXM signal line represents a buy scalper signal.
- A pink ADXM signal line represents a sell scalper signal.
Feel free to experiment with the ADXM indicator’s different inputs parameters and values.
Deploy this indicator on any currency pair of your preference.
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20 Pips ADXM Forex Scalper Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 5 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With 20 Pips ADXM Forex Scalper Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy scalper trade when the 20 Pips ADXM Forex scalper indicator starts drawing a green signal line on the chart.
Place stop loss 1 pip below short-term support, or use your own stop loss placement method.
Exit the buy trade for 20 pips profit, or use your own exit strategy.
Alternatively, close and reverse the currency trade when the indicator draws its first red bar.
Sell Trigger: Open a sell scalper trade when the 20 Pips ADXM Forex scalper indicator starts drawing a pink signal line on the chart.
Place stop loss 1 pip above short-term resistance, or use your own stop loss placement method.
Exit the sell trade for 20 pips profit, or use your own exit strategy.
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Time frame, ADXM period, price to use for close, price to use for high, price to use for low, price smoothing period, price smoothing method, alerts, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT5
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: scalping
Copy and paste the indicator in the MT5 indicators data folder.
Then restart the MT5 terminal and attach it to any chart.