The K-Lab Forex Scalper indicator for Metatrader 4 is a complete trading solution that provides the entry, stop loss, and three distinct take-profit targets.
Primarily designed for scalpers, this indicator is versatile enough to be effectively applied on higher timeframes as well.
Simply await the appearance of the next buy or sell signal on the chart, and execute trades using the precise entry, stop-loss, and take-profit recommendations provided.
Don’t forget to explore the various indicator settings to tailor them to your individual preferences.
Key Highlights:
- A comprehensive solution for Forex trading
- Tailored for those focusing on scalping currency pairs
- A valuable addition to your collection of indicators
This indicator can seamlessly complement any existing trading strategy or system, serving as a straightforward tool for confirming buy or sell entries.
Free Download
Download the “K-Lab Forex Scalper.ex4” MT4 indicator
Indicator Example Chart
The GBP/USD 5-min chart below shows the K-Lab Forex Scalper indicator in action.
Basic Trading Signals
Signals from the K-Lab Forex Scalper indicator for Metatrader 4 are easy to interpret and work as follows:
BUY:
- Open a buy trade as soon as the buy signal appears on the chart.
- Utilize the suggested stop loss and take profit targets for the buy trade.
SELL:
- Open a sell trade as soon as the sell signal appears on the chart.
- Utilize the suggested stop loss and take profit targets for the sell trade.
Download This Forex Indicator
Download the “K-Lab Forex Scalper.ex4” MT4 indicator
Adjustable Parameters & Settings
Select strategy, time filter settings, custom indicators, exit rules, manual targets, impulse filter settings, alert settings, visual settings, and more.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: trading signals
How to install the K-Lab indicator in Metatrader 4?
- Copy and paste the K-Lab Forex Scalper.ex4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove the indicator from the chart?
- Right-click on the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button