In this post I will review the Forex Finite Scalper Indicator. This is yet another manual trading strategy that has been designed to run in the ever popular MetaTrader 4 (MT4) trading platform which you can download for free from most online forex brokers.
With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
I always prefer to use an ECN forex broker as I find they have some of the best trading conditions possible which includes tight spreads, low commissions and reliable execution speeds. I believe these are very important factors for long term success, especially when using a scalping trading strategy such as this one.
Forex Finite Scalper Indicator Strategy
The Forex Finite Scalper is a no repaint trading indicator that generates buy and sell signals using three different trading styles implemented within the indicators trading algorithms.
Depending on your trading style, Finite Scalper Trading Indicator can be quickly and easily set to suit your approach to trading. You can experiment with these preset trading styles: Safe, Medium, or Aggressive modes.
Finite Scalper Indicator is a trend-based indicator that uses a special algorithm that clearly aims to identify every aspect of a trend from beginning to end – and alerts you when it finds possible trade setups.
You can choose to take them as is or add your own additional chart analysis to further filter the trading signals that it generates. It has some filters built in to try and avoid trading during ranging markets.
I would usually use a combination of moving averages to do this manually across multiple time frames to get an idea of the overall short, mid and long-term trends.
The Forex Finite Scalper can be used on any chart time frame although as a scalping system it is primarily designed for the lower time frame charts. It can also be used on any forex currency pairs or other CFD instruments such as stocks, commodities, cryptos, metals, energies, etc.
Forex Finite Scalper Indicator has multiple built-in alert systems that promptly notify you of new trading opportunities within seconds. Each alert gives you the Currency Pair, and the Time frame the signal was generated on.
The system comes with easy to interpret signals that appear right on your chart, no matter what forex broker you’re using. Everything about the indicator is explained in the user guide that comes with the indicator itself.
Forex Finite Scalper Indicator Summary
I personally feel the Finite Scalper Indicator can form part of a manual trading system and is actually well thought through. It is flexible and easy to use. It does however generate a lot of false signals so I would be verifying every signal with my own analysis.
What I will say is that it will require you to use your initiative and not to necessarily take every trading signal it generates without giving consideration to the risk to reward ratio of each trade and the underlying market conditions.
The Finite Scalper Indicator includes setup instructions, support and free updates. You may wish to start on a demo trading account to practice with this system until you have consistent success.