The Forex Bands Scalper PRO indicator for MT4 is a profitable dynamic scalper that’s based on two simple buy/sell bands.
In a nutshell:
- The red upper scalper band represents dynamic resistance.
- The blue lower scalper band represents dynamic support.
- The colored dots indicate when it’s time to enter the market.
- Open trades will be closed at the opposite scalper band.
For maximum pips, it’s recommended to trade the lower spread currency pairs only.
Just load the Forex Bands Scalper PRO Scalper indicator onto the Metatrader 4 chart and start trading with it in minutes.
- Multiple trade opportunities every day.
- No further technical analysis required.
- Easy for beginners.
- Dynamic bands indicator.
Feel free to explore the Forex Bands Scalper PRO Scalper indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator 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 Forex Bands Scalper PRO MT4 Indicator
Buy Signal: Open a buy trade when the Forex Bands scalper white dot appears on the blue lower band.
Set your stop loss below short-term support, or use your own favorite stop loss strategy.
Exit the buy trade when price touches the upper red band.
Sell Signal: Open a sell trade when the Forex Bands scalper magenta dot appears on the red upper band.
Set your stop loss above short-term resistance, or use your own favorite stop loss strategy.
Exit the sell trade when price touches the lower blue band.
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Check bars, deviation, signal bar, calculate dots, alerts, 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: scalper
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.