The Waddah Attar Trend Scalper indicator for Metatrader 4 delivers accurate buy & sell signals that work for scalping currency pairs.
The indicator gets displayed in a bottom chart window in the form of a colored trend bar histogram.
This trend scalper indicator works the best during the London & New York trading sessions on the lower spread currency pairs.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- Accurate scalper indicator
- Non-repaint
- Simple to use
- Follows the short-term trend
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a short-term buy/sell entry confirmation tool.
Free Download
Download the “Waddah_Attar_Trend.mq4” indicator
Indicator Example Chart
The EUR/USD 15-minutes chart below shows the Waddah Attar Trend Scalper indicator in action.
Basic Trading Signals
Signals from the Waddah Attar Trend Scalper indicator for Metatrader 4 are easy to interpret and goes as follows:
BUY:
- Open a long trade when the histogram changes colored from red to green (short-term bullish trend).
- Place stop loss below short-term support.
- Aim for 7-20 pips per trade profit or wait for an opposite signal to close the long trade.
SELL:
- Open a short trade when the histogram changes colored from green to red (short-term bearish trend).
- Place stop loss above short-term resistance.
- Aim for 7-20 pips per trade profit or wait for an opposite signal to close the short trade.
Download This Forex Indicator
Download the “Waddah_Attar_Trend.mq4” MT4 indicator
Adjustable Parameters & Settings
Colors, style
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair (preferred low spread pairs)
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: M1, M5, M15
Indicator Type: Scalping
How to install the Waddah Attar Trend Scalper indicator in Metatrader 4?
- Copy and paste the Waddah_Attar_Trend.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove the indicator from the chart?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button