The Zeus Forex Trend Scalper indicator for Metatrader 5 provides 100% non-repaint trading signals that work for both scalpers and day traders.
The indicator gets displayed in the price chart as a series of consecutive green and magenta colored dots.
Here’s how the trade logic operates:
- Green colored Zeus dots indicate an uptrend.
- Magenta colored Zeus dots suggest a downtrend.
Users have the flexibility to customize various settings and parameters, including the period, line style, and arrow colors.
To build confidence in the Zeus Trend Scalper indicator, it is strongly recommended to thoroughly test it on a demo account.
Here are two valuable tips for scalpers:
- Minimize trading costs by applying the Zeus indicator on currency pairs with lower spreads.
- Concentrate on trading during the most volatile hours, as higher volatility often presents more frequent trading opportunities.
Worth noting: the Zeus Trend Scalper, like any other technical indicator, cannot guarantee 100% accuracy.
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The image below shows how the Zeus Trend Scalper looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs Utilizing The Zeus Trend Scalper Indicator?
Find a simple trading example below:
- Buy condition: it is crucial for the Zeus signal line to demonstrate a clear uptrend.
- A buy signal is given when the first green colored Zeus dot gets displayed on the chart.
- Open a buy scalper trade and set a stop order below short-term support.
- Exit the buy trade for a potential 8-22 pips target, or hold and wait for the first magenta colored dot.
- Sell condition: it is crucial for the Zeus signal line to demonstrate a clear downtrend (see chart example above).
- A sell signal is given when the first magenta colored Zeus dot gets displayed on the chart.
- Open a sell scalper trade and place a stop order above short-term resistance.
- Exit the sell trade for a potential 8-22 pips target, or hold and wait for the first green colored dot.
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Frequently Asked Questions
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 gfilter.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?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration