The Zotik Forex scalper for Metatrader 4 is an awesome signal indicator that works well on the M1, M5 and M15 time frames.
The Zotik indicator analyses the chart for rapid scalping opportunities that may arise during the trading day.
The best results were achieved during the most volatile trading sessions (London & American).
Free Download
Download the “ao-zotik-indicator.ex4” indicator for MT4
Indicator Example Chart (EUR/GBP M15)
How to trade with it (example)?
Initiate a buy scalping trade as soon as the brown Zotik signal line crosses the white line upwards.
Initiate a sell scalping trade as soon as the brown Zotik signal line crosses the white line downwards.
Exit the trade for 10-20 pips profit.
Utilize a short-term stop loss to minimize your losses.
Feel free to use your own favorite trading method to open and close trades with the Zotik scalper.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Color AO, color SP, tic, balance, SP, color settings & style
Indicator type: scalping
Repaint? Does not repaint the Zotik signal lines.
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Download the “ao-zotik-indicator.ex4” indicator for Metatrader 4
Installation:
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 ao-zotik-indicator.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.