The Atron Scalper Metatrader 4 forex indicator is a trading channel forex scalper system.
Atron draws two bands on the trading chart, a red band and a blue band together with buy and sell dots.
The scalping trend is up when both bands are pointing to the upside.
Conversely, the scalping trend is down when both bands are pointing to the downside.
When the bands are pointing up, scalpers look to buy at or near the lower band (orange dot).
When the bands are pointing down, scalpers look to sell at or near the upper band (magenta dot).
For scalping purposes, use the forex Atron MT4 indicator on the M1 and M5 trading charts during the London and New York sessions.
Use on low spread forex pairs for maximum profit potential.
The EUR/USD M1 chart below displays the Atron Scalper forex indicator in action.
Basic Trading Signals
Signals from the Atron Scalper forex indicator are easy to interpret and goes as follows:
Buy Signal: Go long when the Atron bands are pointing up and the indicator paints an orange dot on the activity chart.
Sell Signal: Go short when the Atron bands are pointing down and the indicator paints an magenta dot on the activity chart.
Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any low spread forex pair.
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (CheckBars, Flexibility, Deviation, SignalBar) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes
Type: Scalping bands
Copy and paste the forex-atron.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)