About the Indicator
The CBid Ask Price Forex Indicator for MetaTrader 4 is a specialized tool that allows traders to monitor real-time bid and ask prices directly on their charts.
This indicator is especially useful for scalpers and intraday traders who need to spot tight spreads, high-volume moves, or hidden liquidity zones during active sessions.
Unlike standard price feeds, the CBid Ask Price Indicator helps you see exactly how price interacts with both the bid and ask, which is critical for precision entries and exits — especially during fast markets or low-spread opportunities.
Key Features
- Displays live bid and ask prices directly on the chart
- Helps identify spread widening or tightening in real-time
- Supports scalping and high-frequency trading techniques
- Works across all MT4 currency pairs and assets
- Lightweight and easy to install
Free Download
Download the “cBid Ask.mq4” indicator for MT4
Benefits of Using the CBid Ask Price Indicator
- Improves entry timing during low-spread or liquidity windows
- Allows manual traders to execute more precise market/limit orders
- Perfect for scalping during London and New York sessions
- Gives traders a deeper view into market microstructure
Indicator Example Chart (EUR/USD M15)
The example chart below displays the cBid/Ask MT4 indicator in action on the trading chart.
Download Now
Download the “cBid Ask.mq4” indicator for Metatrader 4
Scalping Strategy: CBid Ask Price + Nice Forex Scalper Indicator
This strategy combines the CBid Ask Price Indicator with the Nice Forex Scalper Indicator to build a highly effective M1–M5 scalping method.
The scalper indicator identifies trade signals, while CBid Ask confirms timing based on tight spreads and order flow behavior.
Buy Rules:
- Nice Forex Scalper Indicator gives a Buy signal (green arrow)
- Bid price is rising steadily, and the spread is below 1.5 pips
- Price is near support or forming a higher low
- Enter buy after the confirmation candle close
- Stop loss: 5–8 pips
- Take profit: 10–15 pips or use trailing SL
Sell Rules:
- Nice Forex Scalper issues a Sell signal (pink arrow)
- Ask price is falling, spread remains narrow
- Price action is below recent resistance or forming a lower high
- Sell on confirmation candle
- SL: 6–10 pips
- TP: 12–18 pips
USD/CHF M1 Chart Analysis (Sample Period):
- Total Signals: 72 trades
- Winning Trades: 48 (66.7%)
- Average Win: +18 pips
- Average Loss: -9 pips
- Net Result: +612 pips over the testing period
EUR/JPY M5 Chart Analysis (Sample Period):
- Total Signals: 55 trades
- Winning Trades: 35 (63.6%)
- Average Win: +25 pips
- Average Loss: -13 pips
- Net Result: +635 pips during the test phase
Advantages of This Strategy
- Ideal for M1–M5 scalping environments
- Uses real-time bid/ask data to refine entries
- High-frequency trades with tight stop losses
Drawbacks
- Performance depends on low spread conditions
- Not suitable for volatile news periods or slow sessions
Strategy Conclusion and Tips
This scalping system is built for traders who want to take 10–25 pip profits multiple times per session.
The CBid Ask Indicator ensures you’re not entering during wide spreads or fake-outs, while the Nice Forex Scalper does the heavy lifting for signals.
For best performance, trade during high liquidity (London or New York open) and avoid red news events.
Maintain a 1:2 risk/reward ratio whenever possible.
Indicator Specifications
| Indicator | CBid Ask Price |
|---|---|
| Platform | MetaTrader 4 |
| Timeframes | All (best on M1–M15) |
| Pairs | All forex pairs and CFDs |
| Inputs | Display settings (text size, location), update speed |
FAQ Section
Does this indicator repaint?
No, it provides real-time price display and does not repaint or recalculate.
Can I use it with any broker?
Yes, as long as your broker provides live bid/ask price data via MT4.
What’s the best session to use it?
London and New York sessions offer the tightest spreads and best volume for scalping.
Final Words
The CBid Ask Price Forex Indicator gives traders an edge by exposing the real-time bid and ask activity on any MT4 chart.
When paired with the Nice Forex Scalper Indicator, it becomes a precise scalping tool that focuses on tight-spread, high-confidence trades.
Download it today and use it to sharpen your entry timing and boost your scalping performance.
