The 1-Minute Forex Scalper indicator for Metatrader 4 delivers great 8-15 pips profit signals for scalpers on the M1 trading chart.
Naturally, you can apply this indicator on other time frames as well.
This scalping indicator consists on a dual colored signal line that’s very easy to trade.
From our testings, the indicator delivers 5-10 signals every day for any currency pair.
On the M1 chart, exit the trade for a 8-15 pips profit per trade.
Then move on to the next trade opportunity.
Just load the 1-Minute Forex Scalper indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- A yellow colored signal line represents a buy scalper trend.
- A purple colored signal line represents a sell scalper trend.
- No further technical analysis required.
- Look for 8-15 pips profit per trade.
Feel free to explore the 1-Minute Forex Scalper indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “execute-line-indicator.ex4” Metatrader 4 indicator
Indicator Example Chart (EUR/USD M1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The 1-Minute Forex Scalper MT4 Indicator
Buy Signal: Open a buy scalper trade when the signal line switches color from purple to yellow.
Set your stop loss below immediate support, or use your own favorite stop loss method.
Close the buy trade for 8-15 pips profit, or use your own favorite take profit method.
Sell Signal: Open a sell scalper trade when the signal line switches color from yellow to purple.
Set your stop loss above immediate resistance, or use your own favorite stop loss method.
Close the sell trade for 8-15 pips profit, or use your own favorite take profit method.
Download This Forex Indicator Now
Download the “execute-line-indicator.ex4” MT4 indicator
Adjustable Parameters
Period, method, price, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: scalping
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
