The free no-lag ATR Forex Scalping indicator for MT4 (Metatrader 4) is a complete standalone scalper system that works out of the box.
The indicator appears in a separate MT4 chart window as a scalping oscillator without extreme borders that provides short-term trend direction.
The Non-Lag ATR scalping indicator can be used in various ways.
Buy & Sell Trade Example
- Buy the currency pair whenever the blue signal line crosses the white signal line bottom-up.
- Sell the currency pair whenever the red signal line crosses the white signal line top-down.
- Aim for 5-20 pips per trade.
For scalping purposes, the indicator tends to produce the best results during the London and U.S. trading sessions.
The Non-Lag ATR scalper indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download
Download the “NonLag_ATR.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the no-Lag ATR mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the custom built Non-Lag ATR Forex Scalping 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 it repaint? No.
