The profitable Future Prediction Forex Scalper MT4 indicator belongs to the category of trend scalper oscillators.
The indicator loads in a separate MT4 window in the form of two signal lines (yellow and white) that cross each other.
A buy/sell signal occurs when the yellow line crosses the white line either upwards or downwards.
It’s recommended to use it on the M5 and M15 charts to yield the best results.
Just load the Future Prediction Forex Scalper onto the chart and start trading with it in minutes.
- A buy trigger occurs when the yellow line crosses the white line upwards.
- A sell trigger occurs when the yellow line crosses the white line downwards.
- Can be used as a standalone buy/sell scalping indicator.
- The best results were achieved on the lower spread currency pairs (more pips).
Feel free to explore the Future Prediction Forex Scalper indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart (EUR/USD 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 Future Prediction Forex Scalper MT4 Indicator
Buy Signal: Execute a long scalper trade when the yellow line crosses above the white line from below.
Set your stop loss 3 pips below the entry candle, or use your own favorite stop loss strategy.
Exit the buy trade for a fixed profit target (8-15 pips), or wait until you get an opposite sell signal.
Alternately, apply your own take profit method to close the buy trade.
Sell Signal: Execute a short scalper trade when the yellow line crosses below the white line from above.
Set your stop loss 3 pips above the entry candle, or use your own favorite stop loss strategy.
Exit the sell trade for a fixed profit target (8-15 pips), or wait until you get an opposite buy signal.
Alternately, apply your own take profit method to close the sell trade.
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Period, use MA, MA period, use signal 2, colors, levels, visualization.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.