The Sniper DM Oscillator Scalper indicator for MT4 is a profitable scalping indicator that provides you with multiple trade entries every day.
I recommend to use this scalping indicator during the London and US trading sessions on low spread currency pairs for best results.
Don’t use this indicator for swing trading purposes.
Just load the Sniper DM Oscillator scalper indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A green dot represents a rapid buy scalp trade.
- A red dot represents a rapid sell scalp trade.
- Good to capture 10-15 pips multiple times a day.
- Works for scalping, avoid swing trading with this indicator.
Feel free to explore the Sniper DM Oscillator Scalper indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (USD/JPY M15 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 Sniper DM Oscillator Scalper MT4 Forex Indicator
Buy Signal: Execute a buy scalp trade when the Sniper DM Oscillator scalper dots changes color from red to green.
Set your stop loss below immediate support, or use your own favorite stop loss method.
Take your profit when a red dot gets printed on the chart, or use your own favorite take profit method.
Alternatively, close the buy trade for 10-15 pips profit.
Sell Signal: Execute a sell scalp trade when the Sniper DM Oscillator scalper dots changes color from green to red.
Set your stop loss above immediate resistance, or use your own favorite stop loss method.
Take your profit when a green dot gets printed on the chart, or use your own favorite take profit method.
Alternatively, close the sell trade for 10-15 pips profit.
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Draw style, 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: scalping
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.