The EES Speed Forex Scalper indicator for Metatrader 4 is a powerful scalper that works on EES and Moving Averages.
EES pops up in a sub-window underneath the main chart in the form of a buy/sell oscillator that responds fast to short-term market movements.
We have tested the EES Speed Scalper on various time frames and found it to be most accurate on the M5, M15 and H1 charts.
Of course, feel free to test it on other time frames as well.
Just load the EES Speed Forex Scalper indicator onto the Metatrader 4 chart and start trading with it.
Key Takeaways
- Simple to use, yet powerful Forex scalper indicator.
- Works best on the M5, M15 and H1 currency charts.
- Best results were achieved during the London & New York sessions.
- Works for newbies and seasoned traders alike.
Feel free to explore the EES Speed Forex Scalper indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “ees-v-speed-indicator.ex4” Metatrader 4 indicator
Indicator Example Chart (AUD/CHF M5 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 EES Speed Forex Scalper MT4 Indicator
Buy Signal: Execute a buy order when the EES Speed Scalper blue signal line crosses the upper gray horizontal line upward.
Set your stop loss below short-term support, or use your own favorite stop loss method.
Take your profit for 15-35 pips (depends on the time frame being used), or use your own favorite take profit method.
Alternatively, exit the buy trade whenever a sell signal pops up on the chart.
Sell Signal: Execute a sell order when the EES Speed Scalper blue signal line crosses the lower gray horizontal line downward.
Set your stop loss above short-term resistance, or use your own favorite stop loss method.
Close the sell trade for 15-35 pips (depends on the time frame being used), or use your own favorite take profit method.
Alternatively, exit the sell trade whenever a buy signal pops up on the chart.
Download This Forex Indicator Now
Download the “ees-v-speed-indicator.ex4” MT4 indicator
Adjustable Parameters
V period, MA period, 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.