The MACD Tape Forex Scalper indicator runs on mt4 (Metatrader 4) and provides excellent trading signals for scalping purposes.
The indicator opens up in the main chart window of the trading platform.
Aim for 5-15 pips profit per trade.
Key Takeaways
- A blue arrow is a buy signal.
- A yellow arrow is a sell signal.
- Utilize on the lower spread currency pairs.
- Performs the best during the London and U.S. trading sessions.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities, etc.) and shows promising results if used correctly.
Free Download
Download the “Macd tape.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the MACD Tape Forex Scalper mt4 indicator in action.
Trading Signals (example):
Utilize your own favorite trade entry, stop loss and take profit method to trade with the MACD Tape Forex Scalper indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
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: MACD
Repaint? No.
