Top Forex Indicator for a Successful Scalping Strategy
You may have seen the Easy Trend Follower Indicator showing up in Forex charts, it is an excellent Forex indicator for scalping trading and day trading.
This trading indicator is one of the best indicators of large-scale trends you'll ever see. Many individuals are using the indicator and they are seeing some very great outcomes. In this way, there are surely individuals getting by using the trend direction you see with this indicator.
In this article, you will see how to use this indicator to the scalp in forex, stocks, and crypto.
You can see easily on the charts a general direction of the price by utilizing this trend indicator. Looking at the attached picture, you can see that the indicator generates at least X-pips for each signal. The trader simply enters the market as soon as he receives a buy or sell signal.
If you scalping forex, you normally trade on M15 or M5 time frames. So add it over the time period that works best for you and enter long or short when the indicator shows a buy or sell signal.
Please bear in your mind that these trends are temporary. The potential profits can be alluring but you shouldn't risk too much on one trade (remember that scalping is about making small profits per trade, maximum 100 points).
Another incredible thing about this Forex Indicator for scalping trading is that it's amazingly simple to read, non-lagging and non-repainting. You don't need to be an expert trader to understand what is going on in the market.