The Super Scalper Metatrader 4 forex indicator is designed for active forex scalpers.
Use this indicator on the 5-minute chart during the London and New York trading sessions.
You should target 7-15 pips on each scalp trade.
For best results, use the indicator on low spread forex pairs and use together with a trend following indicator such as the 50 SMA or 50 EMA.
Take trades in the direction of the overall trend as indicated by the 50 SMA or 50 EMA.
Price action above the 50 SMA or 50 EMA (bullish)? Trade the blue Super Scalper line.
Price action below the 50 SMA or 50 EMA (bearish)? Trade the yellow Super Scalper signal line.
The default Super Scalper indicator settings can be modified directly from the indicator’s inputs tab.
Free Download
Download the “super-scalper-indicator.ex4” MT4 indicator
Indicator Chart (AUD/USD M5)
The AUD/USD 5-minute chart below displays the Super Scalper forex indicator in action.
Basic Trading Signals
Signals from the Super Scalper forex indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade position when a blue line appears on the trading chart. Target 7-15 pips.
Sell Signal: Open sell trade position when a yellow line appears on the trading chart. Target 7-15 pips.
Super Scalper and ASC Trend Forex Scalping Strategy for MT4
This MT4 scalping strategy combines the Super Scalper Metatrader 4 Forex Indicator and the ASC Trend Forex Indicator.
The Super Scalper provides precise buy and sell signals with short-term targets of 7-15 pips, while the ASC Trend confirms the overall trend with blue arrows for buy trends and magenta arrows for sell trends.
Combining these indicators allows scalpers to enter trades aligned with both momentum and trend direction for higher probability setups.
This strategy is designed for lower time frames such as M1, M5, and M15, making it ideal for traders who prefer quick, short-term trades and want clear visual signals for entries and trend confirmation.
Buy Entry Rules
- Ensure a blue arrow from the ASC Trend indicator appears, confirming a buy trend.
- Enter a buy trade when a blue line from the Super Scalper appears on the chart.
- Set a target of 7-15 pips for the trade.
- Optional: Set a stop loss just below the recent swing low for added risk control.
Sell Entry Rules
- Ensure a magenta arrow from the ASC Trend indicator appears, confirming a sell trend.
- Enter a sell trade when a yellow line from the Super Scalper appears on the chart.
- Set a target of 7-15 pips for the trade.
- Optional: Set a stop loss just above the recent swing high for added risk control.
Advantages
- Precise entry signals from the Super Scalper indicator with defined pip targets.
- Trend confirmation from ASC Trend helps avoid counter-trend trades.
- Fast execution and clear visual signals make it ideal for scalping lower time frames.
- Works on multiple currency pairs such as EURUSD, GBPUSD, and USDJPY.
- Simple and easy-to-follow strategy for beginners and experienced scalpers alike.
Drawbacks
- Short targets require frequent trading and active monitoring.
- Requires discipline to exit trades within the 7-15 pip range.
- Not suitable for long-term trading or holding trades overnight.
Case Study 1 (Buy Trade)
On EURUSD M5, a blue arrow appeared on the ASC Trend indicator confirming a buy trend.
Shortly after, a blue line appeared on the Super Scalper chart.
A buy trade was entered at 1.1520 with a target of 10 pips.
Price moved to 1.1530, hitting the target (+10 pips) in a few minutes, demonstrating a successful scalping setup using both indicators.
Case Study 2 (Sell Trade)
On GBPUSD M5, a magenta arrow appeared on the ASC Trend indicator confirming a sell trend.
A yellow line then appeared on the Super Scalper chart.
A sell trade was entered at 1.2815 with a target of 12 pips.
Price moved down to 1.2803, hitting the target (+122 pips) quickly.
Strategy Tips
- Only take trades in the direction of the trend indicated by the ASC Trend arrows.
- Use the Super Scalper lines to time precise entries and stay within the short-term pip targets.
- Focus on high liquidity pairs during active trading sessions for the best results.
- Keep a tight stop loss to protect against sudden reversals.
- Practice on a demo account to get comfortable with fast entries and exits.
- Consider partial exits if the market is volatile, to lock in gains before reaching the full target.
Download Now
Download the “super-scalper-indicator.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any low spread forex pair
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (ATR period, MA fast period, MA slow period) Colors, width & Style.
Time frames: 5 minutes
Type: Scalping
