Munyuk Forex Scalper Metatrader 4 Indicator

The Munyuk Forex scalper indicator for MT4 could be an excellent choice if you are looking to scalp the forex market for 10-15 pips/trade.

It’s very easy to use this scalper indicator:

  • A green bar represents a buy scalper signal.
  • A red bar represents a sell scalper signal.

It’s recommended to open buy and sell trades immediately after the Munyuk indicator changes its green and red colored bars.

For a fast buy signal: bars change color from red to green.

The trend is now short-term bullish.

For a fast sell signal: bars change color from green to red.

The trend is now short-term bearish.

Download This MT4 Forex Indicator Free

Download the “!De_Munyuk.ex4” Metatrader 4 indicator

Munyuk Scalper Indicator Chart

Here’s an example of how the Munyuk Forex scalper indicator should look like when loaded onto the Metatrader 4 chart.

You can apply the indicator to any currency pair and time frame of your preference.

For scalping, use the indicator on the M5, M15 and M30 price charts.

Finding Buy and Sell Triggers With Munyuk Forex Scalper Technical Analysis Chart Indicator

Below is an example of how to buy and sell currency pairs with this Forex indicator:

Buy Trigger: Initiate a scalp buy trade when the Munyuk scalper indicator bars change color from red to green.

A stop loss can be placed slightly below the previous swing low support, or use your own stop loss strategy.

Exit the buy trade when an opposite sell scalper signal appears on the trading chart, or you can exit the buy trade for a fixed profit target of 10-15 pips or more.

Sell Trigger: Initiate a scalp sell trade when the Munyuk scalper indicator bars change color from green to red.

A stop loss can be placed slightly above the previous swing high resistance, or use your own stop loss strategy.

Exit the sell trade when an opposite buy scalper signal appears on the trading chart, or you can exit the sell trade for a fixed profit target of 10-15 pips or more.

Download This Forex Indicator Now

Download the “!De_Munyuk.ex4” MT4 indicator

Adjustable Parameters

Sound alert, bar, colors, width, style.

Usage

The indicator can be used as a stand-alone signals indicator.

It can also be combined with:

  • Trading oscillators (MACD, Stochastic, RSI,…)
  • Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
  • Price action methods and techniques

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 following

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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