The Zone Trade Histogram Forex Scalper for Metatrader 5 spots buy & sell trading opportunities in any currency pair and works the best for scalping purposes.
A typical profit target when using this scalping indicator: 5-20 pips.
The Zone Trade Histogram Scalper indicator is displayed on a bottom chart as colored histogram bars that deliver trend direction.
It works as follows:
- Blue colored histogram bars indicate a buy scalper trend.
- Orange colored histogram bars indicate a sell scalper trend.
- Gray colored histogram bars indicate a sideways scalper trend.
The indicator has the following inputs and parameters: colors, bar style.
The Zone Trade Histogram Scalper should work for any trading instrument that can be loaded in the Metatrader 5 platform.
For M1 and M5 chart traders: deploy the indicator on the lower spread Forex pairs for best overall trading performance.
Please make yourself familiar with this technical indicator and test it first on a demo account before using it on a real account.
It supports all time frames and Forex pairs.
Free Download
Zone trade histogram.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Zone Trade Histogram Scalper looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Zone Trade Histogram Scalper Indicator?
Find a simple trading example below:
Buy Signal
- The first blue colored histogram bar is a buy signal.
- Initiate a buy order and place your stop loss below immediate support.
- Exit the buy trade for 5-20 pips (depending on your chosen time frame).
Sell Signal
- The first orange colored histogram bar is a sell signal.
- Initiate a sell order and place your stop loss above immediate resistance.
- Exit the sell trade for 5-20 pips (depending on your chosen time frame).
