The Rapid Forex Scalper indicator for MT4 is working great if you are looking for 5-12 pips per trade, multiple times a day.
The rapid scalper appears in a separate MT4 window in the form of two colored signal lines that cross each other.
Each crossover represents a buy or sell scalper trade.
For best results, it’s recommended to trade with this indicator during the most active trading sessions (London and U.S.).
Use on the low spread major currency pairs (EUR/USD, GBP/USD, USD/JPY, AUD/USD,..).
By doing so, you can save at least 10 pips a day, only from the trading the lower spread pairs.
Just load the Rapid Forex Scalper indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A crossover scalper signals indicator.
- Easy to trade multiple times a day.
- Aim for 5-12 pips profit per trade.
- Scalp the market on the major pairs.
Feel free to explore the Rapid Forex Scalper indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart ( USD/CAD 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 Rapid Forex Scalper MT4 Indicator
Buy Signal: Open a long trade when the blue Rapid Scalper signal line crosses the red line upwards.
Set your stop loss below short-term support, or use your own favorite stop loss strategy.
Exit the buy trade for a fixed 5-12 pips profit target or wait until you get an opposite sell signal.
Alternately, apply your own take profit method for buy trades.
Sell Signal: Open a short trade when the blue Rapid Scalper signal line crosses the red line downwards.
Set your stop loss above short-term resistance, or use your own favorite stop loss strategy.
Exit the sell trade for a fixed 5-15 pips profit target or wait until you get an opposite buy signal.
Alternately, apply your own take profit method for sell trades.
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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.