Reversal Bluestops Scalper is an MT4 signal forex indicator that works best for scalping strategy on M15 and M30 timeframes. Its BUY/SELL signals allow the trader to catch every market movement and get a few pips profit from each trade.
The Reversal Bluestops Scalper indicator is based on an effective trading algorithm designed to observe the current situation on the market and pinpoint the best moments to place successful positions. It is important to mention the fact that the described algorithm is able to identify not only entry points, but also suitable places for setting Stop-Loss orders.
Unlike many forex indicators, the described algorithm does not repaint the generated signals, which makes it a more reliable tool for trading.
In general, the indicator clearly displays its signals: a green arrow is a buy entry, a red arrow is a sell entry. Since the Reversal Bluestops Scalper indicator gives BUY/SELL signals in a simple form of multicolored arrows, it can be recommended for beginners who find it difficult to read the signals of more complex technical instruments.
Reversal Bluestops Scalper Trade Examples
As you can see in the screenshots, each signal has a recommended StopLoss level displayed on the chart in a form of a short blue line. As for the TakeProfit value, you can double the SL value in pips and place the TP at this level. You can also exit the trade at the opposite signal. If you choose this option, fortunately you will not have to stay in front of the PC monitoring the price direction because the indicator is equipped with all types of alerts.
My conclusion on the Reversal Bluestops Scalper Indicator
The Reversal Bluestops Scalper indicator is a great tool for every forex trader because of its simplicity, effectiveness and reliability. In my opinion, the indicator gives best results on highly volatile pairs and on the M15 and M30 timeframes. Follow the trend while trading with this tool and check its direction on the higher timeframes.