Technically speaking, you can use this MT4 indicator for all time frames. When you add the Super Scalper Indicator and use it together with a proven trend trading system like the Elite Swing Trader or Simple Trend Trading System, you can only expect to achieve a better win ratio and better risk-reward ratio. How to Increase Your Winning Ratio with the Super Scalper Indicator MT4 ? The Super Scalper Indicator as shown is a very simple custom technical indicator that can depict the short term trends in the market. The stop loss can be set at the low of the candlestick prior to the one from which you entered the position.Īlternately, look for the recent low or high for placing your stops. When to exit your short positions?Įxit the short position using the Super Scalper Indicator as and when you see an opposite signal that is emerging.Īlternately, you can exit with a fixed risk to reward ratio set up. Go short at the open of the next candlestick. Then wait for the indicator to turn to yellow with price making a close below the Super Scalper Indicator. The super scalper should also be blue at this point. Wait for price to be moving higher, making higher highs. Therefore, in your trading strategy, you should focus on buy trades if the price is above the moving average.Super Scalper Indicator: When to Short? When to go short using the Super Scalper Indicator? On the other hand, if the price is trading below the moving average, it means sellers control the price. If the price is trading above the moving average is it is an indication that buyers are controlling the price. The moving average is one of the forex indicators that is the average price of the last number of candles that represent the overall sentiment of the price. Therefore, it is important to understand what is happening at the macro level. The central bank and multinational companies drive the forex market. The concept of moving average is very important that every trader should know. Learn about technical indicators with Technical Trading Made Easy Course by Market Experts.
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