The Waddah Attar Trend Scalper indicator for Metatrader 4 delivers accurate buy & sell signals that work for scalping currency pairs.
The indicator gets displayed in a bottom chart window in the form of a colored trend bar histogram.
This trend scalper indicator works best during the London and New York trading sessions on lower-spread currency pairs.
Key Points
- Accurate scalper indicator
- Non-repaint
- Simple to use
- Follows the short-term trend
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a short-term buy/sell entry confirmation tool.
Free Download
Download the “Waddah_Attar_Trend.mq4” indicator
Indicator Chart
The EUR/USD 15-minute chart below shows the Waddah Attar Trend Scalper indicator in action.
Buy & Sell Trading Signals
Signals from the Waddah Attar Trend Scalper indicator for Metatrader 4 are easy to interpret and go as follows:
BUY:
- Open a long trade when the histogram changes color from red to green (short-term bullish trend).
- Place a stop loss below short-term support.
- Aim for 7-20 pips per trade profit or wait for an opposite signal to close the long trade.
SELL:
- Open a short trade when the histogram changes color from green to red (short-term bearish trend).
- Place a stop loss above short-term resistance.
- Aim for 7-20 pips per trade profit or wait for an opposite signal to close the short trade.
Download Now
Download the “Waddah_Attar_Trend.mq4” MT4 indicator
Precision Scalping Strategy For Metatrader 4 with Trend Confirmation
This strategy is designed for traders who want to scalp short-term movements using the Waddah Attar Trend Scalper Indicator for MT4 and confirm entries using the Trend Predictor v1.0 Forex Indicator for MT4.
The combination allows you to enter with high confidence and follow the prevailing micro-trend for quick profits.
Strategy Overview
- Timeframe: M5 or M15
- Pairs: EUR/USD, GBP/USD, USD/JPY, and other liquid major pairs
- Indicators Used:
Waddah Attar Trend Scalper,
Trend Predictor v1.0
Buy Entry Rules
- Wait for a strong bullish signal from the Waddah Attar Trend Scalper Indicator, indicating a short-term trend breakout.
- Confirm the signal with an upward trend bias from the Trend Predictor v1.0 Indicator (typically a green or upward signal).
- Enter a buy trade on the candle close after confirmation.
- Place your stop-loss just below the recent minor swing low or 5–10 pips below the entry candle.
- Set your take-profit 10–20 pips above, or close manually once the Trend Scalper shows weakening momentum.
Sell Entry Rules
- Wait for a strong bearish signal from the Waddah Attar Trend Scalper Indicator.
- Confirm with a bearish trend reading from the Trend Predictor v1.0 Indicator.
- Enter a sell trade on the candle close.
- Place your stop-loss just above the recent minor swing high or 5–10 pips above the entry.
- Take-profit target should be 10–20 pips or based on momentum weakening signs.
Forex Scalping Tips
- Focus on the London and New York sessions for better volatility and cleaner signals.
- Avoid trading during flat or sideways sessions as the Trend Scalper may produce false breakouts.
- Always confirm entries with both indicators — never rely on just one.
Customizable Parameters & Settings
Colors, style
More Info About This Indicator
Currency Pairs: works on any currency pair (preferred low spread pairs)
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: M1, M5, M15
Indicator Type: Scalping
Final Thoughts
The Waddah Attar Trend Scalper Indicator for MetaTrader 4 is a specialized tool designed for scalpers and short-term traders aiming to capture quick market movements.
By displaying a colored trend bar histogram in the chart’s bottom window, it provides clear visual cues for potential buy and sell signals.
This non-repainting indicator is particularly effective during the London and New York trading sessions on currency pairs with low spreads.
For optimal performance, consider combining the Waddah Attar Trend Scalper Indicator with other complementary tools, such as the Trend Predictor v1.0 Indicator, to confirm trend direction and enhance signal accuracy.
