The Zotik trend scalper indicator for Metatrader 4 identifies great scalping opportunities on the trading chart that delivers daily pips.
The Zotik scalper has a 75% win rate on the major currency pairs.
The Zotik Forex trend scalper is easy to understand and works as follows:
- A Zotik buy scalper trend occurs when the blue signal line crosses the green line upward.
- A Zotik sell scalper trend occurs when the red signal line crosses the green line downward.
It’s recommended to use Zotik on low spread currency pairs to maximize profits from scalping.
Feel free to experiment with the indicator’s parameters and values to suit your preferences.
Download This MT4 Forex Indicator Free
Download the “ao-zotik-indicator.ex4” Metatrader 4 indicator
Zotik Trend Scalper Forex 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 Zotik Trend Scalper Forex 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 trade order when the Zotik scalper’s blue line crosses the green line upward. The scalper trend is now bullish.
Place initial stop loss just below short-term support, or use your own stop loss placement method.
Close the buy scalp trade for a fixed take profit target, for example, 10 pips per trade on the 1-minute scalping trading chart. 5 Successful trades would give you 50 pips profit!
Sell Trigger: Open a sell trade order when the Zotik scalper’s red line crosses the green line downward. The scalper trend is now bearish.
Place initial stop loss just above short-term resistance, or use your own stop loss placement method.
Close the sell scalp trade for a fixed take profit target, for example, 18 pips per trade on the 5-minute scalping trading chart. 5 Successful trades would give you 90 pips profit!
Download This Forex Indicator Now
Download the “ao-zotik-indicator.ex4” MT4 indicator
Adjustable Parameters
Balans, SP, Tic, 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.
