The Sniper Trend Scalper Forex indicator was designed for Metatrader 4 and delivers excellent scalping signals in existing bull and bear trends.
The indicator pops up in the main MT4 chart window in the form of colored signal dots and a brown colored moving average for trend direction.
It’s a beginner-friendly scalper indicator.
Buy & Sell Trade Example
- Open a buy trade as soon as the signal dot appears on the chart and the moving average is clearly trending up.
- Open a sell trade as soon as the signal dot appears on the chart and the moving average is clearly trending down.
- Aim for 7-50 pips profit per trade (depends on your chosen time frame).
The Sniper Trend Forex Scalper indicator can be used for both trade entry and exit or as an additional trend confirmation filter for other strategies and systems.
For scalping, the indicator performs best during the London and New York trading sessions.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “lastmanstandingindicatorv11.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Sniper Trend Scalper mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Sniper Trend 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.
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 “lastmanstandingindicatorv11.mq4” indicator for Metatrader 4
