About the Figurelli Series Scalper Indicator
The Figurelli Series Scalper Indicator for MT4 is a specialized tool designed to provide precise buy and sell signals for scalping traders.
Displayed in a separate MT4 window as an oscillator, it moves between the extreme boundaries of 39.6 and -39.6, allowing traders to quickly identify entry opportunities.
Its intuitive design makes it easy to follow, even for beginners.
Traders can monitor the oscillator for changes in momentum, helping to time quick trades effectively.
The indicator is particularly useful for short-term trading, offering signals in real time without lag.
With the Figurelli Series, scalpers can focus on fast trades, identify reversals early, and manage their positions efficiently in volatile markets.
Free Download
Download the “figurelli-series-indicator.mq4” indicator for MT4
Key Features
- The oscillator that fluctuates between 39.6 and -39.6 levels
- Provides clear buy and sell signals for scalping
- Signals appear in real time for timely trade decisions
- Easy to interpret for beginners and professionals alike
- Helps identify short-term momentum shifts and reversals
Indicator Chart
The chart example shows the oscillator with red histogram bars moving above and below the neutral 0.00 level.
Buy trades are indicated when bars cross above the neutral line, and sell trades when bars drop below it.
This visualization allows traders to spot potential scalping opportunities instantly.
Guide to Trade with the Figurelli Series Scalper Indicator
Buy Rules
- Open a buy trade when the red histogram bars move above the 0.00 neutral level.
- Check for a short consolidation or minor pullback to confirm upward momentum.
- Monitor for continued histogram growth to maintain the position.
Sell Rules
- Open a sell trade when the red histogram bars move below the 0.00 neutral level.
- Observe for a brief retracement before downward continuation.
- Close trades or tighten stops if the histogram begins returning toward 0.00.
Stop Loss Placement
- For buy trades, place the stop slightly below recent swing lows or a small distance below the neutral line.
- For sell trades, place the stop slightly above recent swing highs or above the neutral line.
- Adjust according to volatility and timeframes.
Take Profit Targets
- For buy trades, consider exiting when histogram bars approach the upper extreme (+39.6).
- For sell trades, consider exiting when histogram bars approach the lower extreme (-39.6).
- Trailing stops can protect profits if the momentum continues strongly.
Practical Trading Tips
- Watch the histogram closely for early signs of reversals near extreme levels.
- Customize the display settings to make the oscillator clear and easy to read.
- Focus on trades that follow the dominant market momentum to improve the success rate.
Figurelli Series + No Lag Moving Average Forex Scalping Strategy for MT4
This scalping strategy pairs the Figurelli Series Scalper (MT4) with the No Lag Moving Average (MT4).
The Figurelli histogram gives a fast momentum read: above zero is bullish, below zero is bearish.
The No Lag MA uses color to show trend: blue means bullish, brown means bearish.
When both indicators agree, you reduce noise and get cleaner scalps.
This method is best on 1, 5, or 15-minute charts.
It is for active scalpers who can watch the screen and manage small positions.
Keep risk small and aim for frequent, short trades rather than long holds.
Buy Entry Rules
- The Figurelli histogram must be above zero and preferably rising from a recent low.
- No Lag MA indicator must be blue and sloping upward.
- Enter when the price closes above the No Lag MA and the closing Figurelli bar is bullish (above zero).
- Stop Loss: place 6–12 pips below entry on EUR/USD for 1–5 minute trades, or use 1.0–1.5 × ATR(14) for a dynamic stop.
- Take Profit: target 10–25 pips on majors for 1–5 minute scalps.
- Use a 1.5:1 or 2:1 reward-to-risk ratio, or trail the stop behind the No Lag MA once in profit.
Sell Entry Rules
- The Figurelli histogram must be below zero and preferably falling.
- No Lag MA indicator must be brown and sloping downward.
- Enter when the price closes below the No Lag MA and the closing Figurelli bar is bearish (below zero).
- Stop Loss: place 6–12 pips above entry on EUR/USD for 1–5 minute trades, or use 1.0–1.5 × ATR(14).
- Take Profit: target 10–25 pips for short scalps.
- Consider fixed TP or a trailing stop behind the No Lag MA.
Advantages
- Clear, objective entry and exit rules that combine momentum and trend.
- Fast signals suited for scalping on low timeframes.
- Combining Figurelli and No Lag MA reduces false starts where one indicator alone would mislead.
- Simple to backtest and easy to implement on MT4 with the linked indicators.
Drawbacks
- Vulnerable to news spikes and spread widening; avoid trading during major releases.
- Choppy markets can produce whipsaws even when indicators briefly agree.
- Frequent small losses add up if position sizing or discipline is poor.
- Requires hands-on management and fast execution to capture small moves.
Case Study 1 — EUR/USD, 5-Minute
Setup
Timeframe: 5 minutes. Pair: EUR/USD.
The Figurelli histogram rises above zero with two bullish bars.
The No Lag MA switches to blue and slopes up. Price closes above the No Lag MA.
Execution
- Entry: 1.0810 after the bullish close above the MA.
- Stop Loss: 1.0800 (10 pips risk).
- Take Profit: 1.0825 (15 pips target — 1.5:1 R:R).
Outcome
Price reached the target within about 18 candles.
A trailing stop behind the No Lag MA would have locked profits sooner, but the fixed TP yielded a clean 15-pip scalp.
Case Study 2 — GBP/USD, 1-Minute
Setup
Timeframe: 1 minute. Pair: GBP/USD.
Figurelli drops below zero with accelerating bearish bars.
No Lag MA turns brown and slopes down.
Price closes below the No Lag MA.
Execution
- Entry: 1.2590 after the bearish close below the MA.
- Stop Loss: 1.2598 (8 pips risk).
- Take Profit: 1.2578 (12 pips target — 1.5:1 R:R).
Outcome
The move hit the TP quickly, and the trade returned 12 pips.
Using ATR to size the stop would have adapted to slightly higher volatility and still worked well.
Strategy Tips
- Always check the economic calendar and avoid trading the pair during high-impact news events.
- Use small position sizes. Scalping produces many trades, and you must protect capital from occasional large moves.
- Prefer major pairs with tight spreads. Wide spreads erase small scalps.
- Consider a higher timeframe filter: if the 1-hour trend matches your scalp direction, your chances improve.
- If Figurelli flips but No Lag MA has not yet confirmed, wait for a candle close above or below the MA to avoid false starts.
- Use a trailing stop behind the No Lag MA when the trade moves in your favor to protect gains and ride stronger moves.
Download Now
Download the “figurelli-series-indicator.mq4” indicator for Metatrader 4
FAQ
How does the Figurelli Series oscillator work?
The indicator measures short-term momentum with red histogram bars fluctuating between +39.6 and -39.6.
Crosses above or below the neutral line indicate potential buy or sell opportunities.
Can it be used for longer timeframes?
While designed for scalping, it can also be applied to M15 or H1 charts for short-term swing trades, helping spot momentum shifts over a slightly longer period.
What’s the best way to manage risk with this indicator?
Use stops near recent swing highs/lows or the neutral line and consider partial exits at mid-levels to secure profits while keeping a portion of the trade open for stronger moves.
Does it repaint or change signals after the fact?
No. Once the histogram crosses the neutral line, the signal is fixed. Traders can act immediately without worrying about late reversals from the indicator itself.
Summary
The Figurelli Series Scalper Indicator for MT4 provides clear, real-time signals for fast-paced trading.
Its red histogram oscillator simplifies entry decisions and allows traders to spot momentum shifts at a glance.
Ideal for scalpers and short-term traders, the indicator can be combined with trend confirmation, support/resistance levels, or pivot points to improve accuracy.
Its intuitive design makes it accessible for beginners while still providing professional traders with actionable insights for timely trade execution.
