Premium FX Scalper is a free mt4 (Metatrader 4) signals indicator that works great for both scalpers and day traders.
The actual signal appears in a separate MT4 chart window as colored buy & sell histogram bars.
The indicator also displays: trend power, trend direction, candle close and current time.
Buy & sell signal:
- Open a buy position as soon as the first green histogram bar appears on the chart.
- Open a sell position as soon as the first red histogram bar appears on the chart.
- Close and reverse the trade whenever an opposite signal arrives on the chart.
The Premium FX Scalper indicator can be used for both trade entry and exit or as an additional short-term trend filter.
For scalping, the indicator performs best during the London and New York trading session.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download:
Download the “PremiumFXScalper.ex4” indicator for MT4
Indicator Example Chart (EUR/USD M5)
The picture below shows the Premium FX Scalper mt4 indicator in action on the trading chart.
Trading Tips:
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: Scalper
Does the indicator repaint? No.
Download Now:
Download the “PremiumFXScalper.ex4” indicator for Metatrader 4
How to install this indicator on Metatrader 4?
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 PremiumFXScalper.ex4 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.