The Zero Lag T3 Forex Scalper indicator for Metatrader 5 delivers solid buy and sell signals that work the best for scalpers and day traders.
The indicator is displayed in the price chart as a green buy line and a violet sell line.
Understanding the Zero Lag T3 Forex Scalper:
- The green colored Zero Lag T3 line indicates bullish pressure. Open buy order.
- The violet colored Zero Lag T3 line indicates bearish pressure. Open sell order.
The following indicator inputs and parameters can be fully adjusted: period (14.0), T3 hot, T3 type, price, and colors.
The indicator should perform the best for the lower-spread currency pairs during the most volatile trading hours.
Make yourself familiar with this technical indicator and test it first on a demo account before using it in a live trading environment.
It supports all time frames and Forex pairs.
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Zero lag T3.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Zero Lag T3 Forex Scalper indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Zero Lag T3 Forex Scalper Indicator?
Find a simple trading example below:
Buy Signal
- The appearance of the green colored zero lag T3 line is a buy entry signal (see chart above).
- Initiate a buy transaction and add a stop just below short-term support.
- Exit the buy trade for 10-25 pips profit or wait for a sell signal.
Sell Signal
- The appearance of the violet colored zero lag T3 line is a sell entry signal.
- Initiate a sell transaction and add a stop just above short-term resistance.
- Exit the sell trade for 10-25 pips profit or wait for a buy signal.
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Zero lag T3.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Zero lag T3.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration