MACD Crossover Scalper is a free mt4 (Metatrader 4) Forex indicator that provides buy & sell signal arrows on the chart.
The indicator works very well for scalping currency pairs during the London and New York trading sessions.
It’s a typical buy and sell technical indicator with easy-to-follow trading rules.
Buy & Sell Trade Example
- A yellow colored arrow is a buy signal.
- A red colored arrow is a sell signal.
The indicator can be used as a standalone trading tool for both trade entry and exit.
It can also be used as an additional signal indicator that works together with an existing trading strategy or system of your preference.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Macd crossover alert.ex4” indicator for MT4
Indicator Chart (EUR/USD M30)
The picture below shows the MACD Crossover Scalper mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the MACD Crossover 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
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: MACD
Does the indicator repaint? No.
MACD Crossover Scalper + Supertrend NRP MT4 Forex Strategy
The MACD Crossover Scalper + Supertrend NRP MT4 strategy is a powerful short-term trading system designed for traders who prefer fast-paced action on the M1 and M5 timeframes.
This setup combines two proven tools: the MACD Crossover Scalper Indicator and the Supertrend NRP Indicator.
Together, they help identify precise entries with strong momentum confirmation while filtering out false signals common in low timeframes.
The MACD Crossover Scalper generates yellow arrows for buy opportunities and red arrows for sell signals, making it visually easy to spot reversals.
The Supertrend NRP, on the other hand, draws a green line to indicate a bullish trend and an orange line to signal a bearish trend.
When both indicators align, the probability of success increases significantly.
This strategy works well for scalpers and intraday traders who prefer quick 5–20 pip trades with high accuracy and low drawdown.
Buy Entry Rules
- Open a buy trade when the MACD Crossover Scalper prints a yellow arrow on the chart.
- Confirm that the Supertrend NRP line is green, showing an active bullish trend.
- Enter the position at the close of the signal candle or on a minor pullback within two candles.
- Place the stop loss 6–8 pips below the most recent swing low or just under the Supertrend line.
- Set a take profit target of 10–20 pips or close when a red arrow appears, whichever comes first.
Sell Entry Rules
- Open a sell trade when the MACD Crossover Scalper prints a red arrow on the chart.
- Confirm that the Supertrend NRP line is orange, confirming a bearish market phase.
- Enter the trade at the close of the signal candle or after a minor pullback.
- Place the stop loss 6–8 pips above the nearest swing high or just above the Supertrend line.
- Set a take profit target of 10–20 pips or exit when a yellow arrow appears in the opposite direction.
Advantages
- Simple visual signals suitable for both new and experienced traders.
- Combines momentum and trend confirmation to reduce false entries.
- Works well on volatile currency pairs like EURUSD, GBPUSD, and XAUUSD.
- Adaptable to different sessions, especially the London and New York openings.
- Clear exit rules make risk management straightforward.
Drawbacks
- Requires low spreads and fast execution to be effective on M1 charts.
- Less reliable during major economic news releases.
- Needs regular monitoring since trades often last only a few minutes.
Case Study 1: EURUSD M1 Chart
During the London open, the Supertrend NRP turned green, confirming a bullish bias.
A few minutes later, the MACD Crossover Scalper displayed a yellow arrow at 1.0760.
A buy trade was opened with a stop loss at 1.0752 and a take profit at 1.0780.
Within 20 minutes, the price reached the target, resulting in a +20 pip gain.
The alignment between both indicators provided a fast, low-risk trade during high liquidity hours.
Case Study 2: GBPUSD M5 Chart
In the New York session, the Supertrend NRP changed to orange, confirming a bearish phase.
Soon after, the MACD Crossover Scalper plotted a red arrow at 1.2635.
A sell order was executed with a stop loss at 1.2643 and a take profit at 1.2613.
The move was completed within 40 minutes, yielding +22 pips.
This case showed how combining the two indicators filters false reversals and maintains a clear directional bias.
Strategy Tips
- Focus on high-volume trading sessions like London or New York for cleaner setups.
- Avoid trading just before major news events to prevent false spikes.
- Use a fixed spread or ECN account for better trade execution on the M1 timeframe.
- Combine this setup with trailing stop management to secure partial profits as soon as the trade moves in your favor.
- Backtest the strategy on at least 100 trades before applying it live for consistent performance validation.
When used together, the MACD Crossover Scalper and Supertrend NRP form a robust, precision-based scalping strategy for MT4 traders who thrive on short bursts of market momentum.
It’s best suited for active traders who can monitor the charts and make quick, disciplined decisions based on clear visual confirmations.
Download Now
Download the “Macd crossover alert.ex4” indicator for Metatrader 4
