The cArrow MT4 indicator provides fast scalping signals that work for any pair. The testing results are pretty good!
It uses BB bands to generate the rapid trading signals, with a default money risk factor of 0.5 value (you can modify all parameters).
The cArrow scalper is very simple to use and draws buy and sell arrows on the chart.
It’s a great indicator for scalping and intraday trading during the various Forex sessions.
We aim to make anything between 10 and 20 pips per trade.
- A green arrow represents a buy scalper trade.
- A magenta arrow represents a sell scalper trade.
- Deploy on any pair and time frame.
- Good testing results.
Learn below how to open buy and sell trades with the cArrow Fast Scalper Forex MT4 indicator.
Indicator Example Chart
Here’s an example (GBP/NZD M5 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 cArrow Fast Scalper Forex MT4 Forex Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy scalper trade whenever a green arrow appears on the chart.
Set stop loss below short-term support, or use your own favorite SL method.
Exit long trade when a magenta arrow pops up on the chart (sell reversal signal), or use your own favorite take profit method.
Alternatively, close the buy trade for anything between 10-20 pips per trade.
Sell Trigger: Open a sell scalper trade whenever a red arrow appears on the chart.
Set stop loss above short-term resistance, or use your own favorite SL method.
Exit short trade when a green arrow pops up on the chart (buy reversal signal), or use your own favorite take profit method.
Alternatively, close the sell trade for anything between 10-20 pips per trade.
Download This Forex Indicator
Adjustable Parameters & Settings
Length, deviation, money risk, signal, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
The indicator can be deployed as a standalone scalper trading system or strategy.
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.