Speed Scalper Forex Indicator (MT4)

Speed Scalper is a simple to use Forex scalping indicator for Metatrader 4 that identifies amazing buy & sell trade opportunities throughout the trading day.

Speed Scalper works for any time frame of your preference and does not repaint its signals.

The actual trading signals appear in a bottom chart window of the trading platform as colored bars.

Buy & sell signal:

  • Open a buy position when the blue signal bar gets printed on the chart.
  • Open a sell position when the red signal bar gets printed on the chart.
  • Close the open trade when an opposite signal arrow gets displayed on the chart.

The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

Free Download:

Download the “Speed.mq4” indicator for MT4

Indicator Example Chart (USD/JPY M5)

The picture below shows the Speed 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 “Speed.mq4” 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 Speed.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.