The Trend Strength EMA Scalper indicator for Metatrader 5 is a crossover trading system that works on the M1/M5 technical charts.
The system is very easy to trade and should perform well under most short-term market conditions.
How it works?
- A blue colored signal line marks a bullish trend.
- A brown colored signal line marks a bearish trend.
For best performance, trade with this scalping indicator during the London and New York trading sessions.
The indicator contains the following inputs and parameters: EMA period, speed, price, and strength.
First, familiarize yourself with this technical indicator and test it on a demo account.
Remember to have realistic expectations, performance will vary depending on market conditions (trending markets, sideways markets, etc.).
Free Download
TrendStrength EMA variation.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Trend Strength EMA Scalper indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Trend Strength EMA Scalper Indicator?
Find a simple trading example below:
Buy Signal
- The blue colored signal line is a buy trade.
- Execute a buy order and place a stop loss below the previous swing low.
- Close the buy trade for a reward to risk ratio of 1.5, or wait for the brown colored line.
Sell Signal
- The brown colored signal line is a sell trade.
- Execute a sell order and place a stop loss above the previous swing high.
- Close the sell trade for a reward to risk ratio of 1.5, or wait for the blue colored line.
