The Forex Turbo Scalper indicator for Metatrader 4 is a fast scalping indicator looking for 5-15 pips per trade.
It appears in the form of colored scalping bars underneath the activity MT4 chart.
It’s recommended to trade with it during the most active trading sessions (London and U.S.).
In order to get the most out of it, use it on the lower spread currency pairs and scalp in the direction of the overall trend.
By doing so, profitability increases by at least 50%.
Just load the Forex Turbo Scalper indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A red bar represents a sell signal.
- A blue bar represents a buy signal.
- A brown bar tells you to stay aside.
- Look for 5-15 pips profit per trade.
- Scalp the market up to 20 times a day.
Feel free to explore the Forex Turbo Scalper indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart ( USD/JPY 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 Forex Turbo Scalper MT4 Indicator
Buy Signal: Open a fast buy scalper trade when the first blue bar gets printed on the chart.
Set your stop loss below short-term support, or use your own favorite stop loss strategy.
Exit the buy trade for a fixed 5-15 pips profit target or wait until you get an opposite sell signal.
Sell Signal: Open a fast sell scalper trade when the first red bar gets printed on the chart.
Set your stop loss above short-term resistance, or use your own favorite stop loss strategy.
Exit the sell trade for a fixed 5-15 pips profit target or wait until you get an opposite buy signal.
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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.