Polygon Forex Scalper

The Polygon Forex Scalper identifies the trend based on Polygon trend indicators and Polygon arrows. In this guide, we’ll mention what the system is all about and how you can trade it.

What is the Polygon Forex Scalper?

The Polygon Forex Scalper uses the Polygon trend indicator and Polygon arrows to tell the market trend.

The Polygon Trend Indicator has three different aspects;

  • Firstly, it highlights the chart in red and blue. The red color suggests a downtrend, while the blue color mentions an uptrend.
  • Secondly, the indicator plots a trend analyzer, which measures the current strength of the trend.
  • Finally, it tells the current market status (buy/sell).

The Polygon arrows plot blue and red arrows to describe bullish and bearish momentum.

Polygon Forex Scalper
Polygon Forex Scalper

Polygon Forex Scalper Strategy

To apply the Polygon Forex Scalper strategy, you must combine all the indicator’s aspects.

If there is a blue highlight, the blue arrow appears, and the trend analyzer suggests a buy status, you can take long positions. On the other hand, if there is a red highlight, the red arrows form, and the trend analyzer suggests a sell status, you can go short.

It’s important to note that several opposite arrows can appear even if the trend doesn’t change. For instance, if the market status is buy only and the red arrow appears, you can skip it or take a reversal. This suggests the indicator helps determine key market reversals too.

The other thing to note is that arrows can repaint, so you must wait for the trend confirmation. You can use the trend analyzer or another indicator with the Polygon Forex Scalper system to confirm.

The Polygon Forex Scalper must be used on shorter timeframes as it may be unable to work on longer ones.

Buy Signal

  • The Polygon indicator must plot the blue highlight.
  • The Polygon arrow must be blue.
  • The trend analyzer must be upward.
  • Place a stop-loss at the recent swing low.
  • Set take-profit at the previous high or exit the trade when the highlight changes or the red arrow appears.
Polygon Forex Scalper buy signal
Polygon Forex Scalper buy signal

Sell Signal

  • The Polygon indicator must plot the red highlight.
  • The Polygon arrow must be red.
  • The trend analyzer must be downward.
  • Place a stop-loss at the recent swing high.
  • Set take-profit at the previous low or exit the trade when the highlight changes or the blue arrow appears.
Polygon Forex Scalper sell signal
Polygon Forex Scalper sell signal

Polygon Forex Scalper Pros & Cons

Here are the pros and cons of the Polygon Forex Scalper:

Pros

  • The system adds multiple confirmations.
  • It is easy to apply.

Cons

  • The arrows may appear frequently and can be confusing.
  • The system isn’t built for longer timeframes.

Conclusion

The Polygon Forex Scalper is a short-term system that uses the Polygon trend indicator and the Polygon arrows to determine the market trend. The system adds multiple confirmations, which can be helpful when the trend isn’t clear.

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