As the name implies, the Instant Forex Profit Scalper indicator for Metatrader 4 provides awesome signals that can be used for scalping the currency market on any time frame.
The indicator pops up in the main MT4 chart window as signal lines and buy & sell arrows.
The Instant Forex Profit Scalper indicator is newbie-friendly and can be used by anyone, regardless of prior trading experience.
Buy & Sell Trade Example
- A buy signal occurs as soon as the magenta colored arrow appears on the chart.
- A sell signal occurs as soon as the yellow colored arrow appears on the chart.
The Instant Forex Profit Scalper indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
For scalping, the indicator performs best during the London and New York trading sessions.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “instant-profit-scalper-5digits.ex4” indicator for MT4
Indicator Chart (GBP/USD Daily)
The example chart below displays the Instant Forex Profit Scalper mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Instant Forex Profit Scalper 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 the indicator repaint? No.
Instant Profit Scalper + Tunnel MA MT4 Scalping Strategy
This scalping strategy combines the Instant Profit Scalper MT4 Indicator and the Tunnel MA MT4 Indicator to capture short-term price movements in trending markets.
The Instant Profit Scalper provides clear entry signals: a magenta arrow indicates a buy, while a yellow arrow signals a sell.
The Tunnel MA confirms the trend: prices above the tunnel indicate a bullish trend, and prices below indicate a bearish trend.
Using both indicators together improves trade accuracy and reduces false signals.
This strategy works best on M1 and M5 charts, making it ideal for intraday scalpers who want quick, high-probability trades.
Buy Entry Rules
- Confirm that the price is above the Tunnel MA, indicating a bullish trend.
- Wait for a magenta arrow from the Instant Profit Scalper, signaling a buy.
- Enter a buy trade at the close of the signal candle.
- Set a stop loss below the most recent swing low or 10–15 pips below the entry point.
- Set a take profit at 1:1 or 1:1.5 risk-reward, or exit when the Instant Profit Scalper arrow reverses to yellow.
Sell Entry Rules
- Confirm that the price is below the Tunnel MA, indicating a bearish trend.
- Wait for a yellow arrow from the Instant Profit Scalper, signaling a sell.
- Enter a sell trade at the close of the signal candle.
- Set a stop loss above the most recent swing high or 10–15 pips above the entry point.
- Set a take profit at 1:1 or 1:1.5 risk-reward, or exit when the Instant Profit Scalper arrow reverses to magenta.
Advantages
- Combines clear arrow signals with trend confirmation for higher probability trades.
- Works well on short-term charts for fast scalping opportunities.
- Simple to follow, suitable for both beginner and experienced scalpers.
- Allows quick exits when trends reverse, reducing losses in choppy markets.
Drawbacks
- Requires fast decision-making due to the speed of M1 and M5 charts.
- False signals can occur in ranging markets.
- Frequent trades may increase spread and commission costs.
- Discipline is needed to avoid overtrading in low-volatility periods.
Example Case Study 1
On the EUR/USD M5 chart, the price was above the Tunnel MA, indicating a bullish trend.
The Instant Profit Scalper plotted a magenta arrow, and a buy trade was entered at 1.1050.
The stop loss was set at 1.1040, and the trade was exited at 1.1065 when the Instant Profit Scalper reversed.
The trade captured 15 pips within a few minutes.
Example Case Study 2
On the GBP/USD M1 chart, the price was below the Tunnel MA, signaling a bearish trend.
A yellow arrow from the Instant Profit Scalper appeared, triggering a sell trade at 1.3150.
The stop loss was at 1.3160, and the trade was closed at 1.3135 when the arrow reversed.
The trade gained 15 pips quickly.
Scalping Tips
- Always trade in the direction of the Tunnel MA trend to increase win probability.
- Use a tight stop loss to protect your account in volatile conditions.
- Avoid trading during major news releases to reduce the chance of false signals.
- Focus on currency pairs with low spreads for more efficient scalping.
- Combine this strategy with key support/resistance levels or volume analysis for better entries and exits.
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Download the “instant-profit-scalper-5digits.ex4” indicator for Metatrader 4
