The Ease Of Movement Forex Scalper MT4 indicator works with EMZ and is an excellent scalper oscillator that works for all currency pairs.
The indicator oscillates between the 1000 and -1000 extreme values.
The 1000 value is considered extremely overbought while -1000 extremely oversold.
The Ease Of Movement Forex Scalper can be used to trade the Forex market multiple times a day during the London and US trading session.
Some traders report over 75% profitable trades with this scalper indicator.
It can be used as a standalone scalping indicator or combined together with other technical indicators.
Just load the Ease Of Movement Forex Scalper indicator onto the Metatrader 4 chart and start trading with it.
Key Takeaways
- The trend is considered bullish with the Ease Of Movement scalper trades above the zero horizontal neutral line.
- The trend is considered bearish with the Ease Of Movement scalper trades below the zero horizontal neutral line.
- Works great for scalping the most volatile trading sessions.
- Apply to low spread currency pairs for maximum profit.
Feel free to explore the Ease Of Movement Forex Scalper indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “ease-of-movement.ex4” Metatrader 4 indicator
Indicator Example Chart (EUR/USD H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Ease Of Movement Forex Scalper MT4 Indicator
Buy Signal: Open a buy scalping trade when the Ease of Movement scalper signal line crosses the zero level upward.
Set your stop loss slightly below short-term support, or use your own favorite stop loss method.
Take your profit for 10-20 pips, or use your own favorite take profit method.
Alternatively, exit the buy trade when the blue signal line crosses back below the zero horizontal gray line.
Sell Signal: Open a sell scalping trade when the Ease of Movement scalper signal line crosses the zero level downward.
Set your stop loss slightly above short-term resistance, or use your own favorite stop loss method.
Exit for 10-20 pips profit, or use your own favorite take profit method.
Alternatively, exit the buy trade when the blue signal line crosses back below the zero horizontal gray line.
Download This Forex Indicator Now
Download the “ease-of-movement.ex4” MT4 indicator
Adjustable Parameters
EMZ period, minimum value, maximum value, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend oscillator
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
