The Bezier scalper indicator assists traders in finding profitable scalping opportunities during the London and US trading sessions.
It suits all time frames and works best on the M5, M15, M30 and H1 charts.
The Bezier MT4 scalper is composed of a single colored signal line that alternates above and below price.
Key Takeaways
- Price above the Aqua colored Bezier scalper signal line represents a short-term bullish trend. Look to buy.
- Price below the Aqua colored Bezier scalper signal line represents a short-term bearish trend. Look to sell.
- Deploy on low spread Forex pair for better profit.
Learn below how to open buy and sell trades with the Bezier scalper MT4 indicator.
Free Download
Download the “Bezier_orig.ex4” Metatrader 4 indicator
Indicator Example Chart
Here’s an example (USD/CHF M30 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 Bezier Forex Scalper MT4 Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: A buy scalp trade will be triggered when price closes above the Aqua colored signal line from below.
Set stop loss 1 pip below short-term market support, or use your own favorite SL method.
Exit long trade whenever price turns back below the Aqua colored signal line, or close the buy scalp trade for a fixed TP (for example +15 pips on the M5 chart).
Sell Trigger: A sell scalp trade will be triggered when price closes below the Aqua colored signal line from above.
Set stop loss 1 pip above short-term market resistance, or use your own favorite SL method.
Exit short trade whenever price turns back above the Aqua colored signal line, or close the sell scalp trade for a fixed TP (for example +25 pips on the M15 chart).
Download This Forex Indicator
Download the “Bezier_orig.ex4” MT4 indicator
Adjustable Parameters & Settings
Period, t, shift, price, 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 scalping 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.
