Forex Ultra Scalper is a trading strategy that is designed to trade in the forex market. Although it is designed to scalp in the forex market we discovered that it can also be used in higher time frames for swing trading too. Forex Ultra scalper is basically a very easy trading system. You do not have to contend any complications while trading with this system. The indicators seen in Forex Ultra Scalper are not any brand new indicators. They are the indicators that we have already seen in the past, they are customized indicators though. Even a very new trader with a basic understanding of metatrader platform and forex trading should be able to understand this system as it is very easy system. However, it is not really easy to make money consistently in the forex trading business. Even the system is very genuine and easy to use still you may not be able to make money because systems are written in a fix set of programming rules and conditions but market conditions are always changing and the nature of the market is very dynamic. Therefore you should use your common sense. Blindly following any system may not guarantee success.
Let’s get back to the system. This indicator consists of only two indicators. When the Forex Ultra Scalper is correctly installed on your trading platform your trading chart should look like this:
- Ultra Signal
Ultra Signal is a technical indicator that is like moving average but it is made up of dots. The dots are made up of blue and red color. Appearances of blue dots represent the buy signal whereas the appearance of the red dots represents the sell signal.
- Ultra Filter
Ultra filter is a technical indicator that works as a filtering tool. Ultra filter indicators consist of blue and red bars. Blue bars in the ultra filter indicator indicate the bull’s dominance in the market while the red bars in the ultra filter indicator indicate the bear’s dominance in the market.
Buying Conditions Using Forex Ultra Scalper.
- Ultra signal indicator should be blue in color.
- Ultra filter indicator bars should be blue in color.
- Place your stop just below the recent swing low.
- You should take your profit when the price bars closes below the ultimate signal indicator.
Selling Conditions Using Forex Ultra Scalper.
- Ultra signal indicator should be red in color.
- Ultra filter indicator bars should be red in color.
- Place your stop just above the recent swing high.
- You should take your profit when the price bars closes above the ultimate signal indicator.
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