The Big Trend Scalping Forex Trading Strategy is designed to capitalize on the low cost of trading Fiber to scalp the market. We will be using two custom indicators to accomplish this: the Bigtrend and the Insta-Trend indicator.
The Big Trend is a custom indicator that uses a modified moving average. It changes color according to market sentiment, which gives us an indication of whether or not to trade.
The next step is the Instantaneous_Trend indicator. This indicator can be customized to oscillate. It has no middle line and is unbounded. This indicator is actually plotted based upon price. This indicator shows two intersecting lines, which can be used to signal trades.
- Big Trend
Timeframe 5-minute charts only
Currency Couple: EUR/USD only
Trade Session: Any, preferably from the open in Frankfurt to the close at the New York session
How do I download and install an indicator?
These steps are required to install the indicator onto your MT4 platform.
- At the bottom of this post, click on the " download indicator" button.
- Save the file to your hard drive.
- Move the files to the MT4>Indicator directory in the MetaTrader4 software folder.
- Start your Metatrader platform.
- Navigate to " Indiators".
- To apply the template " Big Trends Scalping Forex Trading Strategy", click on it.
T. Morris developed this indicator. AtoZ Markets has no copyrights to this trading tool.