Introduction to the Forex Atron Scalper Indicator
The Forex Atron Scalper indicator is a trading channel forex scalper system.
It puts two bands on the activity chart, a red upper band, and a blue lower band together with buy/sell dots that appear when candlesticks go outside these bands.
The scalping trend is considered bullish when both bands are pointing to the upside. Similarly, the scalping trend is bearish when both bands are pointing to the downside.
When the bands are pointing up, traders should look for a buy entry point at or near the lower band (blue dot). When the bands are pointing down, traders should look for a sell entry point at or near the upper band (pink dot).
We suggest using that forex indicator on low spread currency pairs for maximum profit potential.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed directly on the main trading chart.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How does it work? How to apply in trading?
Trading Rules Explanation
Signals provided by the Forex Atron Scalper Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Open long trade when the Forex Atron Scalper indicator provides a buy dot below the lower band, and both bands are pointing up. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade when the Forex Atron Scalper indicator provides a sell dot above the upper band, and both bands are pointing down. Place your stop loss a few pips above the swing high.
Exit Trade / Take Profit: Close your open position when the opposite signal occurs, or use your own preferred method of trade exit.
As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
Example of EUR/GBP H4 Chart
This screenshot below shows an example of the Forex Atron Scalper Indicator in action.
How to set up the Forex Atron Scalper indicator in MT4?
Copy and paste the forex-atron.ex4 or forex-atron.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Forex Atron Scalper indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
We also recommend checking out our homepage where you will find the best forex mt4 indicators, forex strategies, and expert advisors at https://www.staging.forexracer.com/
Forex Atron Scalper Indicator Free Download
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