As the name implies, this should be the best free Forex scalping indicator ever developed for currency trading.
From our testings, the indicator works really well and generates profitable buy and sell signals during the various trading sessions.
It’s very easy to trade with and doesn’t require much thinking.
Just follow the no repaint signals!
Key Takeaways
- A blue up arrow suggests to open a buy scalp trade.
- A red down arrow suggests to open a sell scalp trade.
- Works for any currency pair and time frame.
It’s recommended to use this scalper on low spread currency pairs to maximize profits.
Learn below how to open buy and sell trades with the best Forex scalping indicator.
Free Download
Download the “Best Scalping Indicator.ex4” Metatrader 4 indicator
Indicator Example Chart
Here’s an example (EUR/USD M15 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The Best Forex Scalping MT4 Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy scalper trade when the scalper indicator draws a blue up arrow on the chart.
Place stop loss 1 pip below short-term support, or use your own favorite SL method.
Exit long trade whenever a red arrow appears on the chart or close the scalp trade for a fixed TP (for example +10 pips on the M1 chart).
Sell Trigger: Open a sell scalper trade when the scalper indicator draws a red down arrow on the chart.
Place stop loss 1 pip above short-term resistance, or use your own favorite SL method.
Exit short trade whenever a blue arrow appears on the chart or close the scalp trade for a fixed TP (for example +25 pips on the M15 chart).
Download This Forex Indicator
Download the “Best Scalping Indicator.ex4” MT4 indicator
Adjustable Parameters & Settings
Main filter speed, main filter slow, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Usage
The indicator can be deployed as a standalone trading system or strategy.
It can also be combined with trend indicators (moving averages, ADMI,..), technical oscillators (fast Stochastic, MACD,..) and price action strategies.
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.