Trend Strength EMA Scalper Indicator For MT5

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?

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.).

The following chart shows what the Trend Strength EMA Scalper indicator looks like when applied to the MT5 chart.

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.

How Do I Install This Custom Indicator On Metatrader 5?

Open the MT5 trading platform
Click on the File menu button located at the top left part of the platform
Click on Open Data Folder > MQL5 folder > Indicators
Copy the TrendStrength EMA variation.mq5 indicator file in the Indicators folder
Close and restart the trading platform
You will find the indicator here (Navigator window > Indicators)
Drag the indicator to the chart to get started with it!

How Do I Edit This Indicator?