The ASC Forex trend scalper is a popular scalping indicator for the MT4 trading platform.
It works really well for scalping any currency pair on any time frame of your preference.
Some traders make 20-70 pips daily with it on the major currency pairs alone!
The buy and sell scalping trend is easy to follow with this indicator:
- A buy scalp trend from the ASC Forex scalper occurs when the indicator paints an aqua colored arrow on the chart.
- A sell scalp trend from the ASC Forex scalper occurs when the indicator paints a magenta colored arrow on the chart.
You can use this scalping indicator on its own or combine with other technical indicators and price action.
Feel free to experiment with the ASC trend scalper’s different settings and parameters to suit your preference.
Download This MT4 Forex Indicator Free
Download the “asc-trend.ex4” Metatrader 4 indicator
ASC Forex Trend Scalper Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With ASC Forex Trend 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 scalp trade when the ASC trend scalper draws an aqua colored arrow on the MT4 chart.
Place initial stop loss below short-term support, or use your own stop loss placement method.
Close the buy trade when the when the ASC trend scalper draws a magenta colored sell arrow on the chart.
Alternatively, take profit at predetermined profit target (for example 10 pips on the M1 chart) or deploy reward/risk ratio of 1.5 or better.
Sell Trigger: Open a sell scalp trade when the ASC trend scalper draws a magenta colored arrow on the MT4 chart.
Place initial stop loss above short-term resistance, or use your own stop loss placement method.
Close the sell trade when the ASC trend scalper draws an aqua colored buy arrow on the chart.
Alternatively, take profit at predetermined profit target (for example 17 pips on the M5 chart) or deploy reward/risk ratio of 1.5 or better.
Download This Forex Indicator Now
Download the “asc-trend.ex4” MT4 indicator
Adjustable Parameters
Risk, count bars, colors, width, style.
Usage
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: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: scalping
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.