The 100 Pips Metatrader 4 indicator displays two trading lines on the chart, a blue line and a red line.
Trading signals will be generated when the blue line crosses the red line from below or the blue line crosses the red line from above.
This is a typical forex crossover trading system. It’s used very often when it comes to trading currencies.
The principle is very easy to understand:
When the shorter period signal line crosses the longer period signal line from below, this is a buy trade signal.
When the shorter period signal line crosses the longer period signal line from above, this is a sell trade signal.
The 100 Pips Metatrader 4 indicator is mostly used for scalping and day trading currency pairs during the London and New York trading sessions.
Free Download
Download the “100-pips-indikator.ex4” MT4 indicator
Indicator Chart (EUR/USD M5)
The EUR/USD M5 chart below displays the 100 Pips Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the 100 Pips forex indicator are easy to interpret and go as follows:
Buy Signal: Open buy trade position when the blue signal line crosses and closes above the red signal line from below.
Sell Signal: Open sell trade position when the blue signal line crosses and closes below the red signal line from above.
Trade Exit: Close the open buy/sell forex position when an opposite signal occurs, or use your own method of trade exit.
MT4 100 Pips and Best Forex Scalping Indicator Strategy
This MT4 scalping strategy uses the 100 Pips Metatrader 4 Forex Indicator to identify the market trend through blue and red signal line crossovers and then uses the Best Forex Scalping Indicator to provide precise entry points with blue and red arrows.
Combining these two tools allows traders to enter trades in the direction of the trend with clear confirmation, improving accuracy for short-term scalping opportunities.
This strategy is ideal for M1, M5, and M15 charts.
It is designed for scalpers who want fast entries during active sessions and prefer structured rules that reduce subjectivity.
The combination of trend direction and arrow confirmation helps avoid false signals in volatile markets.
Buy Entry Rules
- Wait for the blue line of the 100 Pips indicator to cross above the red line and close above it, signaling a bullish trend.
- Confirm that a blue arrow appears on the Best Forex Scalping Indicator.
- Enter a buy trade on the next candle after both conditions are met.
- Set the stop loss below the recent swing low or a few pips below the entry candle.
- Take profit when the next red arrow appears or when price shows signs of slowing near a resistance level.
Sell Entry Rules
- Wait for the blue line of the 100 Pips indicator to cross below the red line and close below it, signaling a bearish trend.
- Confirm that a red arrow appears on the Best Forex Scalping Indicator.
- Enter a sell trade on the next candle after both conditions are met.
- Set the stop loss above the recent swing high or a few pips above the entry candle.
- Take profit when the next blue arrow appears or when price shows signs of slowing near a support level.
Advantages
- Combines trend confirmation with precise entry arrows for higher accuracy.
- Fast signals suitable for scalping during active market sessions.
- Clear visual cues make it beginner-friendly.
- Works on multiple currency pairs including EURUSD, GBPUSD, and USDJPY.
- Helps capture short-term momentum while keeping risk manageable with tight stops.
Drawbacks
- Requires active monitoring and fast execution.
- Not designed for longer-term trades since it focuses on short-term scalping.
- Multiple signals in quick succession may lead to overtrading if not managed properly.
Case Study 1
On EURUSD M5, the blue line of the 100 Pips indicator crossed above the red line at 1.1510 and closed above it, signaling a bullish trend.
Shortly after, a blue arrow appeared on the Best Forex Scalping Indicator.
A buy trade was opened at 1.1510.
Price moved upward quickly, reaching a temporary peak at 1.1522 before showing a red arrow, indicating the exit.
The trade captured 12 pips in just a few minutes, demonstrating precise timing and momentum alignment.
Case Study 2
On GBPUSD M1, the blue line crossed below the red line at 1.2805, confirming a bearish trend.
A red arrow appeared on the Best Forex Scalping Indicator, and a sell trade was entered at 1.2805.
Price dropped to 1.2792 before a blue arrow appeared, signaling the exit.
This trade captured 13 pips quickly, illustrating how the strategy works for short-term scalping on GBPUSD.
Strategy Tips
- Always wait for both the trend signal from the 100 Pips indicator and the arrow confirmation from the Best Forex Scalping Indicator before entering a trade.
- Focus on currency pairs with high liquidity and low spreads such as EURUSD, GBPUSD, and USDJPY for better scalping performance.
- Keep stop losses tight, just below swing lows for buys and above swing highs for sells, to minimize risk in fast-moving markets.
- Consider taking partial profits at early signals if multiple arrows appear in succession. This locks in gains while allowing the trade to run further if momentum continues.
- Use multiple time frames for confirmation. Check M15 or M30 for trend alignment before executing trades on M1 or M5 charts.
- Track the speed and strength of price movement. Strong, smooth trends provide higher probability scalping opportunities, while choppy markets may produce false signals.
- Keep a consistent routine and monitor charts actively. Scalping requires quick decision-making and precise execution.
- Practice this strategy on a demo account to get comfortable with entry timing, stop placement, and profit-taking under live conditions.
Download Now
Download the “100-pips-indikator.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Trend
