About the Reflex Buy/Sell Forex Scalper
The Reflex Buy/Sell Forex Scalper for MT4 is a short-term trading indicator designed to capture frequent market moves during the most active trading sessions.
It focuses on delivering continuous buy and sell opportunities, making it well suited for active scalpers.
Once applied to the chart, the indicator appears in a separate window below the main price chart.
It consists of a single signal line that changes color based on short-term market direction, allowing traders to react quickly without complex analysis.
This scalping tool is always engaged with the market, switching between buy and sell conditions as momentum changes.
For optimal performance, it is recommended to use the indicator on low-spread currency pairs during the London and U.S. sessions.
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Key Features
- Designed for fast-paced scalping strategies.
- Single signal line displayed in a separate indicator window.
- Blue line signals short-term bullish momentum.
- Orange line signals short-term bearish momentum.
- Best used during the London and American trading sessions.
- Optimized for M5 and M15 time frames.
- Simple logic suitable for beginner traders.
Indicator Chart
The chart displays the Reflex Buy/Sell Forex Scalper plotted beneath the price chart.
The indicator uses a color-changing signal line to represent market direction.
Blue signals indicate potential buy opportunities, while orange signals highlight sell conditions.
Traders can use these signals to align entries with short-term momentum.
Guide to Trade with Reflex Buy/Sell Forex Scalper
Buy Rules
- Wait for the signal line to turn blue.
- Confirm active market conditions during London or U.S. sessions.
- Open a buy trade immediately after the color change.
Sell Rules
- Wait for the signal line to turn orange.
- Confirm sufficient volatility on the selected pair.
- Open a sell trade as soon as the signal changes color.
Stop Loss
- Set a tight stop loss just beyond the most recent micro swing.
- Keep risk small to match the scalping nature of the strategy.
Take Profit
- Exit the trade when the signal line switches to the opposite color.
- Alternatively, secure profits at a fixed pip target during strong momentum.
Reflex Buy Sell Indicator + 4 Time Frame Hull Trend MT4 Forex Strategy
This MT4 strategy combines the Reflex Buy Sell Forex Scalper and the 4 Time Frame Hull Trend Indicator MT4.
The Reflex Scalper shows a blue line for buy signals and an orange line for sell signals, while the 4 Time Frame Hull Trend indicator provides a buy bias when all four HMAs are green and a sell bias when all four HMAs are purple.
This combination allows traders to scalp short-term trends with strong alignment across multiple time frames, ideal for M1 and M5 charts during active market sessions.
Buy Entry Rules
- Confirm that all four HMAs on the 4 Time Frame Hull Trend indicator are green, indicating a strong buy bias.
- Enter a buy trade when the Reflex Buy Sell indicator shows the blue line.
- Place a stop loss a few pips below the recent swing low or the low of the signal candle.
- Set a take profit target of 8–15 pips for M1 charts or 15–25 pips for M5 charts, or close when the HMAs start to turn purple or the Reflex line turns orange.
Sell Entry Rules
- Confirm that all four HMAs on the 4 Time Frame Hull Trend indicator are purple, indicating a strong sell bias.
- Enter a sell trade when the Reflex Buy Sell indicator shows the orange line.
- Place a stop loss a few pips above the recent swing high or the high of the signal candle.
- Set a take profit target of 8–15 pips for M1 charts or 15–25 pips for M5 charts, or close when the HMAs start to turn green or the Reflex line turns blue.
Advantages
- Combines multi-timeframe trend confirmation with precise entry signals for higher-probability trades.
- Effective for scalping on M1 and M5 charts with clear visual cues.
- Helps traders align short-term entries with the overall trend direction.
- Works well on major currency pairs with high liquidity.
Drawbacks
- Signals may lag slightly during sharp reversals, causing late entries or exits.
- Frequent scalping trades can be mentally demanding and require fast execution.
- Requires active monitoring since trends and signals change quickly on M1 and M5 charts.
Case Study 1: EURUSD M1 Chart
During the London session, all four HMAs were green, indicating a buy bias.
The Reflex Buy Sell indicator showed the blue line at 1.0835.
A buy trade was entered at 1.0835 with a stop at 1.0827.
Price moved to 1.0847 (12 pips) before the HMAs started to show weakening and the Reflex line turned orange, signalling exit.
Case Study 2: GBPUSD M5 Chart
During the New York session, all four HMAs were purple, indicating a sell bias.
The Reflex indicator displayed the orange line at 1.2668.
A sell trade was entered at 1.2668 with a stop at 1.2680.
Price dropped to 1.2645 (23 pips) before the HMAs began to turn green and the Reflex line showed a blue signal, prompting exit.
Strategy Tips
- Combine this strategy with support and resistance levels to confirm entries and exits for higher accuracy.
- Focus on currency pairs showing clear trending behavior rather than choppy or sideways markets.
- Use multiple time frame analysis to check if the M15 or H1 chart aligns with the scalping trend on M1/M5 charts.
- Monitor the strength of major sessions like London and New York to increase the probability of winning trades.
- Limit the number of trades per session to avoid overtrading and reduce mental fatigue.
- Use proper spread filters to avoid trading pairs with unusually high spreads during off-hours.
- Regularly review past trades to identify which times and pairs produce the most consistent scalping opportunities.
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Download the “Reflex.ex4” Metatrader 4 indicator
FAQ
Is the indicator suitable for beginners?
Yes. The single-line design and clear color changes make it easy to follow without advanced technical knowledge.
Does the indicator stay in the market at all times?
The logic continuously alternates between buy and sell conditions, making it an always-active scalping tool.
Can the settings be adjusted?
Yes. Traders can fine-tune the input parameters to better match their risk tolerance and trading style.
Summary
The Reflex Buy/Sell Forex Scalper for MT4 is built for traders who prefer frequent opportunities and fast decision-making.
Its simple visual signals make it practical for active session trading.
When combined with disciplined risk control, the indicator can fit well into a focused scalping routine.
It performs best on low-spread pairs during high-liquidity market hours.
