The 3End Forex scalper indicator for the MT4 trading platform is designed to trade for a quick 5-10 pips profit on each trade.
This scalper consists of green and red dot signals located in a sub window below the main MT4 activity chart.
- A green dot represents a buy scalper signal.
- A red dot represents a sell scalper signal.
You can trade any currency pair with it, however, deploy it on the lower spread currency pairs for more profit.
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3End Forex Scalper Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With 3End Forex Scalper Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open buy scalper trade when the indicator draws the FIRST green dot on the chart.
Place stop loss below immediate support.
Close the buy trade for 5-10 pips profit.
Sell Trigger: Open sell scalper trade when the indicator draws the FIRST red dot on the chart.
Place stop loss above immediate resistance.
Close the sell trade for 5-10 pips profit.
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Number of bars, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
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
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.