Instant Trend Line Scalper is a free mt4 (Metatrader 4) indicator that represents a complete Forex trading system for scalpers and day traders.
The indicator appears in the main MT4 chart as two signal lines that cross each other whenever the trend turns in the opposite direction.
Buy & Sell Signals:
- A buy signal is generated as soon as the blue signal line crosses the red signal line bottom-up.
- A sell signal is generated as soon as the blue signal line crosses the red signal line top-down.
- Reverse the position whenever an opposite signal occurs on the chart.
The Instant Trend Line Scalper indicator can be used for both entry and exit signals or mixed together with your own favorite trading strategy for improved performance.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download:
Download the “Instant TrendLine.mq4” indicator for MT4
Indicator Example Chart (GBP/JPY M5)
The example chart below displays the Instant Trend Line Scalper mt4 indicator in action on the trading chart.
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method to trade with the Instant Trend Line Scalper Forex 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
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: System
Repaint? No.
Download Now:
Download the “Instant TrendLine.mq4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the Instant TrendLine.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.