Fat Cat Forex Scalper Indicator

Fat Cat Forex Scalper Indicator

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Fat Cat Forex Scalper Indicator is a trading system designed to scalp in the foreign exchange market. The concept used is very simple and easy to understand. It is a system . Scalping is trading in smaller time frames with smaller gains. However, there are no specific rules for scalping. Some might take smaller profits and large numbers of trades and make their gains look big while others might take very few trades and take huge risk which results in large profits in little price coverage.

There are many factors that really plays vital role in scalping. Factors like spreads, volatility, money management, etc. tend to have huge significance in trading. Scalpers even trade for gaining 3-5 pips per trade. In such cases spreads directly impacts the trade. You should make sure that spread is lower. Generally, higher the liquidity lower is the spread. EURUSD tend to have lower spreads over other currency pairs, EURUSD is the most traded assets after all.

Another important aspect is volatility. Higher volatility can be a both advantage and a disadvantage to a scalper. Scalper might love the volatility till the direction of the market is predictable but when the market becomes really unpredictable volatility can hurt the traders especially scalpers. Scalping would be good under mild volatility market conditions.

Fat Cat Forex Scalper is composed of an indicator. It is nothing more than an arrow that appears above and below the market. Buying and selling decisions regarding this system is based purely on these Fat Cat arrows.

Since this is a scalping tool, most preferable time frames would be one minute chart and 5 minutes chart. When the Fact Cat Forex Scalper is correctly loaded on your trading platform your chart should look like this:

Buying Conditions Using Fat Cat Forex Scalper system.

– Place your buy position as soon as you see a green buy Fact Cat arrow below the chart.
– Place your stop just below the recent swing low.
– Set your take profit targets to 15 pips. (you can customize this part as per your wish).

Selling Conditions Using FFat Cat Forex Scalper system.

– Place your sell position as soon as you see a red Fact Cat arrow above the chart.
– Place your stop just above the recent swing high.
– Set your take profit targets to 15 pips. (you can customize this part as per your wish).

Forex Indicators Download – Instructions

Fat Cat Forex Scalper Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

Fat Cat Forex Scalper Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.

How to install Fat Cat Forex Scalper Indicator.mq4?

  • Download Fat Cat Forex Scalper Indicator.mq4
  • Copy Fat Cat Forex Scalper Indicator.mq4 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on Fat Cat Forex Scalper Indicator.mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Fat Cat Forex Scalper Indicator.mq4 is available on your Chart

How to remove Fat Cat Forex Scalper Indicator.mq4 from your Metatrader 4 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Download Metatrader 4 Trading Platform:

  • Free $30 To Start Trading Instantly
  • No Deposit Required
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  • No Hidden Terms

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Click The Link Below To Download:
Fat Cat Scalper

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