Scalp Star indicator

Find accurate buy and sell signals with the free Scalp Star Indicator for MT4. Works on all time frames.The Scalp Star indicator for MT4 is a trend indicator that works with all currency pairs.

Description :

Trading using the Scalp Star indicator is simple since you only need to follow the buy/sell arrow signs.

In this guide, we are going to dig deeper into the Scalp Star Indicator.

What is the Scalp Star  Indicator?

The Scalp Star indicator is used to determine market momentum. When the market’s momentum strengthens, this indicator provides buy and sell signals.

You can use the indicator to trade any currency pair. It can also trade on all timeframes.

Scalpers can meet the challenge of the fast-paced forex trading with this indicator for short-term opportunities. The signals provided by the indicator are similar to those provided by Buy Sell Signals indicator. However, the Scalp Star indicator is usually applied on a 30-minute chart.

The indicator works best in strongly trending or strongly range-bound markets. Unfortunately, it does not work so well when the market is uncertain or highly volatile.

How to use the Scalp Star indicator?

The Scalp Star indicator employs advanced technical analysis to identify short-term trends and highlight potential entry points. These trades would often vary between five and seven pips on average.

When the indicator’s signals work, they can lead to significant gains because the signals normally come when a new trend pops up or a reversal of the current trend is about to begin.

Because it is a new trend, if the move is not a false move, the trader is likely to be in on the trend at the beginning of the trend if he or she correctly follows the move.

When using the indicator, you need to be careful because the signal frequently creates on lower time frames.

This suggests that it can show you a possible entry and then disappear when you take a position.

Scalp Star indicator trading strategy

Although the indicator works best on lower timeframes like the 1-minute chart, however, lower timeframes can produce a lot of false signals. Therefore, to apply the strategy, you have to insert the indicator on higher timeframes.

Scalp Star indicator buy setup

• Look for the blue arrows on the chart
• Wait for the price bar to turn bullish
• Enter at the blue arrow
• Place stop-loss 15 to 20 pips away from the entry point
• Exit when the red arrow appears

Scalp Star indicator sell setup

• Look for the red arrows on the chart
• Wait for the price bar to turn bearish
• Enter at the red arrow
• Place stop-loss 15 to 20 pips away from the entry point
• Exit when the blue arrow appears

Bottom line

The Scalp Star indicator provides you with quality buy and sell signals. To boost your trading strategy, you can combine the indicator with other technical analysis.