The free Forex Scalping indicator for MT4 (Metatrader 4) is a complete standalone scalper system that works out of the box.
The indicator appears in a separate MT4 chart window as a scalping oscillator that provides short-term trend direction.
The free Forex Scalping indicator can be used in various ways.
Buy & Sell Trade Example
- Open a buy trade whenever the first green histogram bar appears on the chart.
- Open a sell trade whenever the first red histogram bar appears on the chart.
- Aim for 5-20 pips per trade.
The indicator can be used for both trade entry and exit or to confirm trading signals issued by your own strategy.
For scalping purposes, the indicator tends to produce the best results in the London and U.S. trading sessions.
The free Forex Scalping indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download
Download the “freescalpingindicator.mq4” indicator for MT4
Indicator Chart (EUR/USD M1)
The example chart below displays the free Forex Scalping mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the custom built free Forex Scalping indicator.
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: Scalping
Does it repaint? No.
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Download the “freescalpingindicator.mq4” indicator for Metatrader 4
