The Simple Decycler Oscillator is a great forex oscillator indicator, written for the MT4 platform.
The indicator consists of two colored crossing lines.
It’s a typical forex crossover system.
- A buy signal occurs when the blue line crosses above the gray line from below. The trend is heading up in this case.
- A sell signal occurs when the brown line crosses below the gray line from above. The trend is heading down in this case.
- It’s recommended to combine the Simple Decycler Oscillator with other technical indicators or price action techniques.
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Download the “Simple Decycler Oscillator.mq4” MT4 indicator
Indicator Chart (EUR/JPY M15)
The EUR/JPY M15 chart below displays the Simple Decycler Oscillator Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the Simple Decycler Oscillator MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Initiate a buy order when the blue Simple Decycler Oscillator line crosses above the gray line from below.
Place a stop loss 2-3 pips below the most recent support or use your own preferred SL method.
Sell Signal: Initiate a sell order when the brown Simple Decycler Oscillator line crosses below the gray line from above.
Place a stop loss 2-3 pips above the most recent resistance level or use your own preferred SL method.
Simple Decycler Indicator and Accelerator Oscillator Forex Scalping Strategy
This MT4 scalping strategy combines the Simple Decycler Oscillator MT4 Indicator with the Accelerator MT4 Indicator.
The Simple Decycler Oscillator identifies trend changes:
A buy trend is confirmed when the blue line crosses above the gray line from below, and a sell trend is confirmed when the brown line crosses below the gray line from above.
The Accelerator indicator provides precise entry signals, with a histogram above zero for buy signals and below zero for sell signals.
This strategy works best on M1, M5, or M15 charts for fast scalping sessions.
Combining trend confirmation with entry signals allows traders to enter short-term trades with higher probability while avoiding trading against momentum.
Buy Entry Rules
- The Simple Decycler Oscillator must show the blue line crossing above the gray line, confirming a bullish trend.
- The Accelerator histogram must be above zero, signaling a buy entry.
- Enter long at the close of the candle where the histogram first moves above zero after the blue line crossover.
- Set a stop loss a few pips below the recent swing low or, as preferred, based on volatility.
- Take profit when the Accelerator histogram crosses back below zero, or trail the stop to follow momentum.
Sell Entry Rules
- The Simple Decycler Oscillator must show the brown line crossing below the gray line, confirming a bearish trend.
- The Accelerator histogram must be below zero, signaling a sell entry.
- Enter short at the close of the candle where the histogram first moves below zero after the brown line crossover.
- Set a stop loss a few pips above the recent swing high or, as preferred, based on volatility.
- Take profit when the Accelerator histogram crosses back above zero, or trail the stop to follow momentum.
Advantages
- Dual confirmation reduces false entries by combining trend and entry signals.
- Dynamic exit using histogram flips captures realistic scalping profits.
- Works well on multiple currency pairs and fast time frames.
- Ideal for scalpers who prefer structured and disciplined setups.
Drawbacks
- Frequent minor pullbacks can trigger early exits if the histogram flips too quickly.
- Requires constant monitoring for scalping and quick trade execution.
- Not ideal during extremely low volatility periods due to weak signal strength.
Case Study 1
On AUDUSD M5 during the Asian session, the Simple Decycler Oscillator showed the blue line crossing above the gray line.
Shortly after, the Accelerator histogram moved above zero.
A long position was opened with a stop loss placed below the recent swing low.
Price rose steadily, and the trade was closed when the histogram flipped below zero, capturing a 21-pip gain.
Using trend and entry alignment ensured a controlled and profitable trade.
Case Study 2
NZDJPY M15 during the London session showed the brown line crossing below the gray line on the Simple Decycler Oscillator, confirming a bearish trend.
The Accelerator histogram then moved below zero, triggering a short entry.
A stop loss was placed above the recent swing high.
Price moved downward, and the trade was closed when the histogram crossed back above zero, producing a 28-pip profit.
The strategy effectively captured the intraday trend with minimal risk.
Strategy Tips
- Look for confluence with recent support and resistance levels to increase trade reliability.
- Prefer trades where the Simple Decycler crossover occurs near a consolidation breakout for stronger momentum.
- Use smaller position sizes during low volatility periods to reduce risk.
- Combine this strategy with a higher time frame trend filter to avoid countertrend trades.
- Monitor spread and execution speed, as scalping requires fast entries and exits.
- Keep a trading journal to track which pairs and sessions provide the best results.
- Focus on one or two currency pairs at a time to maintain attention and discipline.
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Download the “Simple Decycler Oscillator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (slow high pass period, slow high pass multiplier, fast high pass period, fast high pass multiplier, price) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: oscillator
