The AGGZ Forex indicator for Metatrader 4 is a true scalping indicator that delivers many trading opportunities throughout the various market sessions.
The AGGZ indicator analyses the chart for quick scalping opportunities that may arise and draws the orange-red buy and sell signal bars in a separate trade window.
The best results with this indicator were achieved during the most volatile trading sessions (London & American).
Indicator Example Chart (EUR/USD H1)
How to trade with it (example)?
Open a buy scalping trade as soon as the orange-red trend bar appears above the 0.00 level and the longer-term trend is upwards.
Open a sell scalping trade as soon as the orange-red trend bar appears below the 0.00 level and the longer-term trend is downwards.
Exit the trade for 7-15 pips profit.
Utilize a short-term stop loss to minimize your losses.
Feel free to use your own favorite trading method to open and close trades with the AGGZ scalping indicator.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Fast z period, slow z period, color settings & style
Indicator type: trend
Repaint? Does not repaint the short-term trend bars.
Works for any trade style: scalping, day trading and swing trading .
The AGGZ scalping indicator works better when combined with longer-term moving averages for optimal trend direction.
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the aggz.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.