About the Gann Forex Scalper Indicator
The Gann Forex Scalper indicator for MT4 is designed for traders who focus on fast, short-term market moves.
It applies Gann-based logic to identify precise entry points on lower timeframes, where speed and accuracy matter most.
The indicator displays red and green arrows directly on the price chart, making trade signals easy to spot.
Green arrows signal potential buying opportunities, while red arrows indicate selling pressure.
This straightforward approach makes the indicator suitable for beginners, yet effective enough for experienced scalpers.
It works out of the box without complex settings, allowing traders to focus on execution rather than configuration.
The Gann Forex Scalper performs best on low-spread currency pairs where transaction costs are minimal.
It can be applied to multiple timeframes, but M1 to M15 charts are commonly used for scalping.
Free Download
Download the “GannHiLo-Histo.ex4” indicator for MT4
Key Features
- Red and green arrow signals based on Gann scalping logic
- Designed for fast entries on lower timeframes
- Beginner-friendly and easy to use
- Works best on low-spread currency pairs
- Signals appear directly in the main MT4 chart window
- No complex setup or advanced inputs required
Indicator Chart
The chart example shows the Gann Forex Scalper indicator applied to a lower-timeframe MT4 chart.
Green arrows highlight potential buy entries, while red arrows point out sell opportunities.
These signals help traders react quickly to short-term price movements.
Guide to Trade with Gann Forex Scalper Indicator
Buy Rules
- Wait for a green arrow to appear on the chart
- Confirm price is not directly below strong resistance
- Enter a buy trade at the close of the signal candle
Sell Rules
- Wait for a red arrow to appear on the chart
- Confirm price is not directly above strong support
- Enter a sell trade at the close of the signal candle
Stop Loss
- For buy trades, place the stop loss a few pips below the recent swing low
- For sell trades, place the stop loss a few pips above the recent swing high
- Keep stop losses tight to protect scalping profits
Take Profit
- Target small, consistent pip gains suitable for scalping
- Use nearby support or resistance levels as exit targets
- Consider fixed take profit levels based on pair volatility
Practical Tips
- Trade only during active market sessions for better price movement
- Focus on low-spread pairs to maximize net profits
- Use a higher timeframe to confirm short-term direction
- Stick to strict risk management due to frequent trades
Gann Forex Scalper + SuperTrend NRP MT4 Intraday Strategy
This intraday strategy for MT4 combines the Gann Forex Scalper Indicator with the SuperTrend NRP Forex Indicator.
It is designed for traders looking to enter trades aligned with the prevailing trend while capturing short-term price movements.
The Gann Forex Scalper provides precise entry signals with green arrows for buy trades and red arrows for sell trades.
The SuperTrend NRP defines the trend: a green signal line indicates a bullish trend, while an orange line indicates a bearish trend.
Buy Entry Rules
- Confirm that the SuperTrend NRP line is green, indicating a bullish trend.
- Wait for the Gann Forex Scalper to plot a green arrow.
- Enter a buy trade at the open of the next candle after the green arrow appears.
- Place a stop loss below the most recent swing low or near the SuperTrend support level.
- Take profit at the next minor resistance, major resistance, or a fixed pip target, depending on volatility.
Sell Entry Rules
- Confirm that the SuperTrend NRP line is orange, indicating a bearish trend.
- Wait for the Gann Forex Scalper to plot a red arrow.
- Enter a sell trade at the open of the next candle after the red arrow appears.
- Place a stop loss above the most recent swing high or near the SuperTrend resistance level.
- Take profit at the next minor support, major support, or a fixed pip target, depending on volatility.
Advantages
- Combines trend-following with precise scalper entries for high-probability trades.
- Effective on intraday charts such as M5, M15, and M30.
- Helps avoid counter-trend trades by requiring the alignment of both indicators.
- Flexible take-profit placement allows scaling out positions to lock in profits.
Drawbacks
- Requires close attention for quick execution of intraday trades.
- Stop losses can be triggered by sudden spikes or news events.
- Less effective on very small timeframes with noisy price action.
- Frequent trading can increase transaction costs on some brokers.
Case Study 1: USD/JPY 5-Minute Chart
On the USD/JPY 5-minute chart, the SuperTrend NRP line was green, confirming a bullish trend.
Shortly after, the Gann Forex Scalper displayed a green arrow at 146.20.
A buy trade was entered with a stop loss at 146.00.
The price moved up to minor resistance at 146.50 and then extended to major resistance at 146.80, capturing 30–60 pips.
This demonstrates the strategy’s ability to capture short-term bullish moves.
Case Study 2: EUR/GBP 1-Minute Chart
On the EUR/GBP 1-minute chart, the SuperTrend NRP line turned orange, indicating a bearish trend.
The Gann Forex Scalper plotted a red arrow at 0.8725.
A sell trade was executed with a stop loss at 0.8735.
The price dropped to minor support at 0.8708 and extended to major support at 0.8695, securing 17–30 pips.
This example shows how the strategy can efficiently capture quick intraday declines.
Strategy Tips
- Trade major and liquid currency pairs to reduce spread costs and slippage.
- Focus on active trading sessions like London and New York for stronger momentum.
- Consider using multiple take-profit levels to secure profits incrementally.
- Confirm the overall trend on higher timeframes before entering intraday trades.
Download Now
Download the “GannHiLo-Histo.ex4” indicator for Metatrader 4
FAQ
Which currency pairs work best with the Gann Forex Scalper?
Low-spread pairs such as EUR/USD, GBP/USD, and USD/JPY tend to deliver the best results.
Tight spreads help preserve profits on short-term trades.
Is the indicator suitable for complete beginners?
Yes. The arrow-based signals are easy to understand and require no advanced technical knowledge.
Beginners can start trading with minimal setup.
What timeframe should I use for scalping?
M1, M5, and M15 charts are commonly used.
Lower timeframes provide more signals, while slightly higher ones can reduce noise.
Can I combine this indicator with others?
Yes. Many traders combine it with a simple moving average to filter trades in the dominant direction.
This can improve overall trade quality.
Summary
The Gann Forex Scalper indicator for MT4 offers a fast and practical solution for short-term traders.
Its red and green arrow signals simplify scalping decisions and allow quick market entries.
The indicator is easy to use, beginner-friendly, and effective on low-spread currency pairs.
With consistent execution and proper money management, the Gann Forex Scalper can become a reliable tool for active MT4 traders.
