High Probability Forex ATR Scalper Indicator For MT4
The high probability Forex ATR scalper indicator for Metatrader 4 provides short-term trading signals that work great for scalpers and intraday traders.
The indicator consists of 2 colored scalping signal lines that cross each other.
Every time they cross each other, there’s a new scalping opportunity.
Scalping trend explained:
- A buy scalper trend occurs when the blue signal line crosses above the red signal line from below.
- A sell scalper trend occurs when the blue signal line crosses below the red signal line from above.
It’s recommended to use this scalper indicator during the London, New York and Tokyo trading sessions.
Deploy on low spread currency pairs to get the most profit out of it.
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High Probability Forex ATR 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 The High Probability Forex ATR Scalper MT4 Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a new buy order when the blue ATR scalper signal line crosses above the red line from below.
Place a protective stop loss just below short-term support, or use your own stop loss placement strategy.
Close the buy scalper trade for 15 pips profit or better.
Sell Trigger: Open a new sell order when the blue ATR scalper signal line crosses below the red line from above.
Place a protective stop loss just above short-term resistance, or use your own stop loss placement strategy.
Close the sell scalper trade for 15 pips profit or better.
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ATR period, show bull, show bear, 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, Parabolic SAR,…)
- 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
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.