The JE Bar Trend Forex Scalper for Metatrader 4 is an awesome indicator solely based on candlesticks and a trend-following indicator.
The indicator appears in the main chart window as white and purple colored candlesticks that reveal short-term trend direction.
The JE Bar Trend Forex Scalper works the best during the London and American trading sessions.
Buy & sell signal:
- Open a buy trade when the first white colored candlestick appears on the chart.
- Open a sell trade when the first purple colored candlestick appears on the chart.
- Reverse the position when an opposite colored candlestick gets printed on the chart.
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 JE-Bar Trend.ex4 indicator file (MT4)
Indicator Chart Example
The picture above shows the indicator attached to the U.S. Dollar / Japanese Yen chart.
How to install the JE Bar Trend Forex Scalper to your Metatrader 4 platform?
- Download the JE-Bar Trend.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