Free Forex Indicators (MT4), Trend Following Indicators

Delta Trend Scalping

Delta Trend Scalping spots key market levels and defines the market trend at the same time for producing trade signals with a higher probability of success. This system uses past price action data as a reference for identifying possible support an resistance areas of the market and applies a dual form of Delta Trend indicator in order to find the correct direction of the market trend.

Delta Trend Scalping works on all kinds of forex currency pair chart. Furthermore, this system fits with all sorts of timeframe charts available within the Metatrader 4 trading platform.

Delta Trend Scalping Overview

Delta Trend Scalping Overview

After completing the installation process, when you load Delta Trend Scalping at the MT4 terminal, your trading chart will appear like the following image: 

Delta Trend Scalping Explanation

Delta Trend Scalping Anatomy

 Delta Trend: This indicator simply plots the trade signals using its up/down arrows. A blue upward arrow below the price bar signals the buy entry and a red downward arrow above the price bar signals for going short at the market price.

  • PivotsD: It calculates the market pivots at the background and plots them as horizontal levels at the chart window on an automatic basis. These levels represent important event areas of the market and treated as support/resistance levels for future reference.
  • Delta Trend1: Delta Trend1 is a supportive indicator of Delta Trend and works for filtering the trade signals. Its bars turn red to validate the long entry signals and turns green to confirm the sell entry signals.

Trending Indicator: CAP Channel MT4 Indicator

Delta Trend Scalping: Trading Conditions

Buy Rules

Delta Trend Buy Rules
  • Price is supported by the lower PivotsD levels
  • Delta Trend plots a blue upward arrow below the price bar
  • Delta Trend1 bars turn as red
  • Buy triggers when the above conditions are met
  • Set stop loss below the current swing low of the market
  • Exit long/take profit whenever Delta Trend plots a red downward arrow above the price bar 

Sell Rules

Delta Trend Sell Rules
  • Price is resisted by the upper PivotsD levels
  • Delta Trend plots a red downward arrow above the price bar
  • Delta Trend1 bars turn as green
  • Sell triggers when the above conditions are met
  • Set stop loss above the current swing high of the market
  • Exit short/take profit whenever Delta Trend plots a green upward arrow below the price bar
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I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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