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,..) and shows promising results if used correctly.
Free Download:
Download the “Macd tape.mq4” indicator for MT4
Indicator Example 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.
Download Now:
Download the “Macd tape.mq4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading.
The CCI Divergence indicator was developed for the MT4 trading platform and can be used as a standalone technical analysis indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
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 Macd tape.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.