The Sniper Buy & Sell Scalper indicator for mt4 (Metatrader 4) can be categorized as a precise Forex scalper indicator that often wins its trades.
The indicator pops up in the main MT4 chart window as a colored buy & sell scalper arrow signals.
Buy & Sell Trade Example
- Open a buy scalper trade whenever the white colored arrow gets printed on the chart.
- Open a sell scalper trade whenever the red colored arrow gets printed on the chart.
The Sniper Buy & Sell Scalper indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors, and exotics) and shows promising results when used correctly.
Free Download
Download the “forex-buy-sell-indicator.ex4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the Sniper Buy & Sell Scalper mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Sniper Buy & Sell 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: Scalper
Does the indicator repaint? No.
Sniper & ZWinner MT4 Scalping Strategy
This MT4 scalping strategy combines the powerful signals from the Sniper Buy Sell Scalper Indicator and the ZWinner Trend Forex Indicator.
By using these two indicators together, traders can capture high-probability intraday moves with clear trend confirmation.
The Sniper indicator provides precise entry signals with arrows, while ZWinner confirms the trend using colored histogram bars.
This strategy works best on 5-minute and 15-minute charts and is ideal for active scalpers seeking quick, consistent profits.
Buy Entry Rules
- Enter a buy trade when the Sniper indicator displays a white arrow pointing up.
- Confirm the trade with the ZWinner Trend indicator showing green histogram bars, indicating bullish momentum.
- Place the stop loss just below the most recent swing low to protect against sudden reversals.
- Set the take profit at a 1:1.5 or 1:2 risk-to-reward ratio, or exit when ZWinner turns red, signaling a trend reversal.
Sell Entry Rules
- Enter a sell trade when the Sniper indicator displays a red arrow pointing down.
- Confirm the trade with the ZWinner Trend indicator showing red histogram bars, indicating bearish momentum.
- Place the stop loss just above the most recent swing high to limit risk.
- Set the take profit at a 1:1.5 or 1:2 risk-to-reward ratio, or exit when ZWinner turns green, signaling a trend reversal.
Advantages
- Clear entry and exit signals reduce decision-making stress for scalpers.
- Combining trend confirmation with precise arrow signals increases win probability.
- Works effectively on lower timeframes, ideal for intraday trading.
- Flexible stop loss and take profit settings allow adaptation to different currency pairs.
Drawbacks
- Requires active monitoring of charts to manage trades effectively.
- Spread and slippage can affect profitability on very short timeframes.
Example Case Studies
Case Study 1: EUR/USD 5-Minute Chart
On the 5-minute EUR/USD chart, a white Sniper arrow appeared at 09:15.
The ZWinner histogram confirmed bullish momentum with green bars.
A buy trade was opened at 1.1010 with a stop loss at 1.1000.
The trade reached a take profit at 1.1025, yielding 15 pips within 30 minutes.
The trend remained strong, and the trade aligned perfectly with the scalping strategy.
Case Study 2: GBP/USD 15-Minute Chart
On the 15-minute GBP/USD chart, a red Sniper arrow appeared at 13:45.
The ZWinner histogram confirmed bearish momentum with red bars.
A sell trade was opened at 1.3150 with a stop loss at 1.3160.
The take profit was reached at 1.3130, yielding 20 pips in under an hour.
The combination of the arrow signal and trend confirmation prevented entering too early and helped capture the move efficiently.
Strategy Tips
- Use a low spread broker to reduce costs on short-term trades.
- Avoid trading during major economic news to reduce volatility risk.
- Always wait for both Sniper arrow and ZWinner histogram confirmation to avoid false entries.
- Consider scaling out profits for larger moves while keeping some position open for extended trends.
- Practice proper risk management; risk only 1-2% of your account per trade.
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Download the “forex-buy-sell-indicator.ex4” indicator for Metatrader 4
