Ultimate Pro Scalper indicator belongs to the category of arrows and is designed for scalping and intraday trading. The Ultimate Pro Scalper indicator can be used on all currency pairs that have high volatility on any timeframe (M30 and H1 are recommended).
Using the Ultimate Pro Scalper indicator in trading
The Ultimate Pro Scalper indicator displays signals for entry in the form of rhombuses of red and green:
- The red diamond is a sell signal
- The green diamond is a signal to buy
For the convenience of the trader, when a signal to enter the market appears, a sound alert is emitted.
In the corner of the price chart is an informer that displays the name of the currency pair, timeframe, time to the next candle, the direction of the last signal, as well as the strength of the trend percentage.
An optional, but desirable condition for entering the market is the strength of the trend greater than 70%.
Exiting a position can be done in several ways:
- On receiving the return signal
- When the trend strength is less than 40%
Authors Ultimate Pro Scalper indicator claim that it can be used in trading as an independent source of signals, without any filters, but the experts of ForTrader.org magazine strongly recommend their use to reduce false inputs.