Golden Forex Scalper Indicator For MT4

The Golden Forex Scalper indicator for Metatrader 4 identifies short-term trade opportunities and displays the buy/sell signals on the chart.

The indicator appears as blue and light-red colored candlesticks on the main chart window.

The Golden Forex Scalper works well if you are looking for 5-20 pips profit per trade.

Buy & sell signal:

  • The first blue colored candlestick is the buy trade entry signal.
  • The first light-red candlestick is the sell trade entry signal.
  • Exit the trade for 5-20 pips profit.

From our testings, the indicator does not repaint and works for any currency pair and time frame without slowing down the trading platform.

It can be used as a standalone technical tool or it can be combined with other technical indicators and trading strategies.

Try first on a demo account until you fully understand how this indicator works!

Free Download

Download the i4-goldenliontrend-indicator.ex4 indicator file (MT4)

Indicator Chart Example

The picture above shows the indicator attached to the Euro / U.S. Dollar chart.

How to install the Golden Forex Scalper indicator to your Metatrader 4 platform?

  • Download the i4-goldenliontrend-indicator.ex4 indicator file here and save it to your computer
  • Open your Metatrader 4 platform
  • Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
  • Click on “MQL4” and open the “Indicators” folder
  • Paste the indicator file in this folder
  • Restart Metatrader 4 and you’re ready to start using the indicator

How to edit the indicator?

  • Attach the indicator to any trading chart of your preference
  • Right click in the chart and select “Indicators List” from the drop down menu
  • Select the indicator from the list and click on “Edit”
  • Now you can start editing the indicator (Inputs, Colors and Visualization)
  • Final step, click on the “OK” button to save the new configuration