Envelopes Forex Scalping Metatrader 4 Indicator
The Envelopes Forex Scalping Metatrader 4 indicator is a low risk, good profit Forex indicator for scalping the Envelopes bands with sniper accurate entry levels.
You can scalp the Envelopes bands multiple times a day for good profit.
The indicator reveals when it’s time to enter a short or long trade position.
It’s recommended to use the indicator during the London and US trading session on the lower spread currency pairs (EUR/USD, USD/JPY, GBP/USD,..).
Just load the Envelopes Forex Scalping indicator onto the Metatrader 4 chart and start trading with it in minutes.
- The blue Envelopes band indicate resistance.
- The red Envelopes band indicate support.
- Easy to scalp the market multiple times daily.
- Utilize for quick scalping profits on any time frame.
- Look for anything between 10 and 20 pips profit per trade.
Feel free to explore the Envelopes Forex Scalping indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD H1 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 Envelopes Forex Scalping MT4 Indicator
Buy Signal: Open a long trade when the candlestick closes above the blue Envelopes band from below.
Set your stop loss slightly below the red Envelopes band, or use your own favorite stop loss method.
Close the buy trade for 10-20 pips fixed profit, or use your own favorite take profit method.
Sell Signal: Open a short trade when the candlestick closes below the red Envelopes band from above.
Set your stop loss slightly above the blue Envelopes band, or use your own favorite stop loss method.
Close the sell trade for 10-20 pips fixed profit, or use your own favorite take profit method.
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MA period, MA method, applied price, deviation, 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: channel
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.