Forex trading, with its potential for substantial profits, has attracted numerous traders around the globe. However, the dynamic nature of the currency market demands powerful tools for effective trading. The Abiroid EMA Scalper, a free Forex scanner, has been designed to optimize trading by providing valuable insights into market trends and behavior.

Understanding the Abiroid EMA Scalper

The Abiroid EMA Scalper is a comprehensive tool developed to aid Forex traders in making informed decisions. It employs a well-devised scalping strategy that works best with the NRTR Shadow check enabled, making it an excellent choice for Binary Options. On the other hand, longer-term trading might not be its strongest suit, especially if the market is slow and volatility is minimal.

Key Features of the Abiroid EMA Scalper

The primary strategy of the Abiroid EMA Scalper revolves around the Moving Average (MA) Crossover Up/Down Arrow, a mandatory check. It identifies potential buying and selling opportunities based on the crossover of moving averages. In addition to this, there are optional checks that can be turned on as per the trader’s preferences.

The NRTR Check, when enabled, colors the NRTR blue for a buy signal and red for a sell signal. The NRTR Shadow Distance check allows the trader to verify the price for ‘x’ bars back at a shadow distance from the NRTR line, calculated as the ATR Multiplier distance.

If the High Volume bar is on, it checks if the bar ‘x’ bars back is of high or medium (if enabled) volume. For aligning the trading strategy with the broader market trend, the Higher Timeframe (HTF) Trend Align can be turned on. It checks whether the higher timeframe MA trend direction aligns with the current timeframe direction.

Finally, the TMA Slope check can be enabled to confirm if the slope is greater than the threshold for a buy signal and less than the negative threshold for a sell signal.

Optimal Conditions for Abiroid EMA Scalper

The Abiroid EMA Scalper performs optimally for timeframes M15 and above. For Binary Options, it is recommended to always use the Volume Check. However, caution is advised on the M1 timeframe, particularly for Binary Options. If the signal bar is very long, even if it is a high volume bar, there might be a retracement. Trading should be avoided when the market is too slow and has very low volatility.

Independent Testing and Updates

For those who wish to see the Abiroid EMA Scalper in action before using it, independent testing of this product is available on the forexroboteasy.com website. Subscription to updates on the results of testing this product is also possible, ensuring that traders stay informed about the tool’s efficacy and improvements.

FAQ

Is the Abiroid EMA Scalper suitable for long-term trading?

The Abiroid EMA Scalper is primarily designed for scalping, making it less suitable for longer-term trading, particularly in slow and low-volatility markets.

Can the Abiroid EMA Scalper be used for Binary Options?

Yes, the Abiroid EMA Scalper can be effectively used for Binary Options, especially when the Volume Check is enabled.

Where can I watch independent testing of the Abiroid EMA Scalper?

Independent testing of the Abiroid EMA Scalper can be viewed on the forexroboteasy.com website.

We invite readers to share their experiences using the Abiroid EMA Scalper, as it will contribute to a broader understanding of the tool’s performance and potential improvements. This review is independent, and we do not have any affiliations with the product.