The MTN Forex Bullet Scalper indicator for MT4 is an incredible easy scalper indicator that works for beginners.
This scalper looks for extreme turning points in the short-term trend and places a buy or sell signal at the extreme point.
The indicator, once placed on the MT4 chart draws blue buy and red sell colored bullets.
Typically, we’re looking for 8-20 pips profit per trade.
In order to yield the best results, utilize this scalping indicator during the London and U.S. trading sessions on the low spread currency pairs.
Utilize as a standalone scalping tool or combine with other technical indicators.
Just load the MTN Forex Bullet Scalper indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A blue colored bullet represents a buy scalper signal.
- A red colored bullet represents a sell scalper signal.
- Low risk stop losses.
- Aim for 8-20 pips profit per trade.
- 75+ Win rate during our testing period.
Feel free to explore the MTN Forex Bullet Scalper indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart ( USD/JPY M30 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 MTN Forex Bullet Scalper MT4 Indicator
Buy Signal: Open a long trade when the MTN Scalper indicator’s blue bullet gets printed on the chart. The scalper trend is now upwards.
Set your stop loss below short-term support, or use your own favorite stop loss strategy.
Exit the buy trade for 8-20 pips profit or wait until you get an opposite sell signal.
Sell Signal: Open a short trade when the MTN Scalper indicator’s red bullet gets printed on the chart. The scalper trend is now downwards.
Set your stop loss above short-term resistance, or use your own favorite stop loss strategy.
Exit the sell trade for 8-20 pips profit or wait until you get an opposite sell 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.