About the Elite PRO Scalper Indicator
The Elite PRO Scalper Indicator for MetaTrader 4 is a precision tool designed for active traders looking to capitalize on short-term market movements.
It simplifies scalping by providing clear buy and sell signals directly on the chart, making it accessible even for traders new to scalping strategies.
The indicator works effectively across multiple timeframes and currency pairs, offering flexibility to suit different trading styles and market conditions.
Advantages
- User-Friendly Interface: Blue and red arrows on the chart indicate buy and sell signals, allowing quick decision-making.
- Versatile Across Timeframes and Pairs: Adaptable for short-term scalps or slightly longer trades, compatible with any currency pair.
- Optimal Performance During Key Sessions: Performs best during London and New York sessions, when liquidity and volatility are highest.
- Non-Repainting Signals: Signals remain fixed after generation, ensuring reliable backtesting and live trading.
- Free Access: Available for free download, providing a cost-effective tool to enhance your trading strategy.
Free Download
Download the “ElitePRO Scalper.ex4” MT4 indicator
Indicator Example Chart
The EUR/USD 5-minute chart below demonstrates the Elite PRO Scalper indicator in action. Please note the easy-to-follow colored buy and sell signals plotted on the chart.
A buy arrow indicates a short-term uptrend, while a sell arrow signifies a short-term downtrend.
Basic Trading Signals
Signals from the Elite PRO Scalper indicator for Metatrader 4 are easy to interpret and work as follows:
BUY ENTRY
- Buy Signal: A blue arrow indicates a buy signal.
- Stop Loss: Place a small stop below the most recent swing low.
- Take Profit: Aim for a profit target of 5-15 pips, or reverse the trade when a red arrow appears.
SELL ENTRY
- Sell Signal: A red arrow indicates a sell signal.
- Stop Loss: Place a small stop above the most recent swing high.
- Take Profit: Aim for a profit target of 5-15 pips, or reverse the trade when a blue arrow appears.
Download This Forex Indicator
Download the “ElitePRO Scalper.ex4” MT4 indicator
Simple Scalping Strategy Using Elite PRO Scalper for Enhanced Results
Buy Setup
- Wait for a blue arrow or buy signal to appear below a candle.
- Confirm price is above the 50 EMA (optional trend filter).
- Enter a buy trade at the next candle open.
- Stop Loss: 5–10 pips below the signal candle or recent low.
- Take Profit: Fixed 10–15 pips, or exit on opposite signal.
Sell Setup
- Wait for a red arrow or sell signal to appear above a candle.
- Confirm price is below the 50 EMA (optional trend filter).
- Enter a sell trade at the next candle open.
- Stop Loss: 5–10 pips above the signal candle or recent high.
- Take Profit: Fixed 10–15 pips, or exit on opposite signal.
Adjustable Parameters & Settings
N bars, Alert ON, Push ON, Mail ON, and more.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Additional Information
- Currency Pairs: Serves any currency pair.
- Trading Platform: Developed for MetaTrader 4 (MT4).
- Time Frames: Functional on any time frame.
- Indicator Type: Provides clear trading signals.
Final Word
The Elite PRO Scalper Indicator is a reliable and efficient tool for traders focused on scalping in the Forex market.
Its intuitive design, adaptability across timeframes and currency pairs, and strong performance during high-liquidity sessions make it a valuable addition to any trader’s toolkit.
Whether you are a beginner or an experienced trader, this indicator provides the clarity and precision needed to make informed trading decisions and improve your short-term trading performance.
