The Fast Stochastic Forex Scalping Metatrader 4 indicator is an extremely popular momentum indicator that works for scalping on any time frame.
Scalping the markets with the Fast Stochastic indicator is simple and can be done successfully by anyone.
The indicator ranges from 0 to 100.
- Above the 80 area, price is considered overbought.
- Below the 20 area, price is considered oversold.
Scalpers use the crossover signal technique to rapidly buy and sell pairs with the Fast Stochastic indicator.
Just load the Fast Stochastic Forex Scalping indicator onto the Metatrader 4 chart and start trading with it in minutes.
- Great for scalping pairs.
- Works on any time frame.
- Scalp the market for 5-20 pips.
- Does not repaint.
Feel free to explore the Fast Stochastic Forex Scalping indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD D1 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 Fast Stochastic Forex Scalping MT4 Indicator
Buy Signal: Open a buy scalper trade when the blue Fast Stochastic line crosses above the red line, preferably in the 20 oversold region.
Set your stop loss below short-term support, or use your own favorite stop loss method.
Close the buy trade for 5-20 pips profit, or use your own favorite take profit method.
Sell Signal: Open a sell scalper trade when the blue Fast Stochastic line crosses below the red line, preferably in the 80 overbought region.
Set your stop loss above short-term resistance, or use your own favorite stop loss method.
Close the sell trade for 5-20 pips profit, or use your own favorite take profit method.
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K period, D period, 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: scalping
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.