Fat Cat Scalper Forex Indicator Free Download

Fat cat scalper is a forex trading indicator that allows you to scalp in the forex market. The concept used in the Fact Cat Scalper forex is straightforward, and anyone can understand the indicator. The indicator is a system designed to scalp in the forex market. Scalping is trading in smaller chart time frames with smaller gains. However, there are no specific rules for forex scalping. Some might take bit smaller profits and large numbers of chart trades and make their profit look big, while others might take few trades and take huge risks, resulting in significant gains with little price coverage.

Many factors play a vital role in scalping. Factors like spreads, volatility, money management, etc., have a massive significance in trading. Forex scalpers even trade for gaining 2-5 pips per trade. In such cases, spreads directly impacts the open trade. You should make sure that the spread is lower. Generally, the higher the liquidity lower is the spread. EURUSD tends to have lower spreads over other currency pairs; EURUSD is the most traded asset after all.

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

Money management plays a big role in becoming a successful trader. You should manage your risk to reward ratio so well that you should be winning even when you lose 60 forex trades out of 100. The minimum risk to reward ratio(R: R) should be 1:2. For example, if you set your stop loss(SL) by 20 pips, your take profit(TP) should be at least 40 pips.

Fat Cat Scalper is composed of a forex indicator. The name of the forex indicator is a Fat Cat. It is nothing more than a signal arrow that appears above and below the market. This system’s buying and selling decisions are based purely on these Fat Cat arrows.

Since this is a scalping tool, the preferable time frames would be one minute and 5 minutes chart. When the Fact Cat Scalper indicator is correctly loaded on your mt4 trading platform, your trading chart should look like this:

Buying Conditions Using Fat Cat Scalper Forex Indicator

• Place your buy entry as soon as you see a green buy Fact Cat arrow below the mt4 chart.
• Place your stop just below the recent chart swing low.
• Set your take profit(TP) targets to 15 pips. (you can customize this part as you like).

Selling Conditions Using FFat Cat Scalper Forex Indicator

• Place your sell entry as soon as you see a red Fact Cat arrow above the mt4 chart.
• Place your stop just above the recent chart swing high.
• Set your take profit(TP) targets to 15 pips. (you can customize this part as you like).

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Fat Cat Scalper Forex Indicator Free Download