Speed Scalper is a simple to use Forex scalping indicator for Metatrader 4 that identifies amazing buy & sell trade opportunities throughout the trading day.
Speed Scalper works for any time frame of your preference and does not repaint its signals.
The actual trading signals appear in a bottom chart window of the trading platform as colored bars.
Buy & Sell Trade Example
- Open a buy position when the blue signal bar gets printed on the chart.
- Open a sell position when the red signal bar gets printed on the chart.
- Close the open trade when an opposite signal arrow gets displayed on the chart.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Speed.mq4” indicator for MT4
Indicator Chart (USD/JPY M5)
The picture below shows the Speed Scalper mt4 indicator in action on the trading chart.
Trading Tips:
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Scalper
Does the indicator repaint? No.
