Trend EMA Forex Scalper MT4 Indicator With Stoploss
The trend EMA scalper with stoploss provides fast scalping buy & sell signals throughout all trading sessions.
It’s based on a fast exponential moving average that looks for turning points in currency trends.
The indicator also plots a suggested dotted stop loss line above or below the candlestick.
Trend EMA scalper signals are easy to trade:
- A blue trend EMA line suggests the short-term trend is bullish.
- A red trend EMA line suggests the short-term trend is bearish.
You can play with the trend EMA indicator period value.
I prefer to set it to period 20 and above.
By doing so, the indicator generates less false signals and you stick a little bit longer with the scalping trade.
Use the indicator for scalping purposes only. It does not work great for day trading and swing trading.
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Trend EMA Scalper With Stoploss Indicator Chart
Here’s an example of how the Trend EMA Scalper with Stoploss 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 Trend EMA Scalper With Stoploss 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 indicator reverts its colored line from red to blue. The scalping trend is now upward.
Place the initial stop loss a few pips below the blue dotted support line, or use your own stop loss strategy.
Take 8-20 pips profit on the buy trade.
Sell Trigger: Open a sell scalper trade when the indicator reverts its colored line from blue to red. The scalping trend is now downward.
Place the initial stop loss a few pips above the red dotted resistance line, or use your own stop loss strategy.
Take 8-20 pips profit on the sell trade.
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Trend EMA period, manual off set, max bars, look back, 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: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.