Elite PRO Scalper Indicator (MT4)

The Elite PRO Scalper indicator for MetaTrader 4 is a highly accurate buy-and-sell technical tool designed for scalping the Forex market on any time frame and currency pair.

This plug-and-play indicator simplifies trading by drawing clear blue buy and red sell signal arrows on the trading chart, making it user-friendly even for beginners.

Best Trading Sessions

The indicator performs optimally during the London and New York trading sessions.

Key Highlights

  • Versatile Scalper Indicator: Ideal for smaller spread currency pairs.
  • Flexible Time Frames: Works on any time frame of your choice.
  • Currency Pairs: Works the best on the higher volatile pairs + Gold

Test the indicator first on a demo account.

Free Download 

Download the “ElitePRO Scalper.ex4” MT4 indicator

Indicator Example Chart

The EUR/USD 5-minute chart below demonstrates the Elite PRO Scalper indicator in action. Please note the easy-to-follow colored buy and sell signals plotted on the chart.

A buy arrow indicates a short-term uptrend, while a sell arrow signifies a short-term downtrend.

Basic Trading Signals

Signals from the Elite PRO Scalper indicator for Metatrader 4 are easy to interpret and work as follows:

BUY:

  • Buy Signal: A blue arrow indicates a buy signal.
  • Stop Loss: Place a small stop below the most recent swing low.
  • Take Profit: Aim for a profit target of 5-15 pips, or reverse the trade when a red arrow appears.

SELL:

  • Sell Signal: A red arrow indicates a sell signal.
  • Stop Loss: Place a small stop above the most recent swing high.
  • Take Profit: Aim for a profit target of 5-15 pips, or reverse the trade when a blue arrow appears.

Download This Forex Indicator

Download the “ElitePRO Scalper.ex4” MT4 indicator

Adjustable Parameters & Settings

N bars, Alert ON, Push ON, Mail ON, and more.

Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.

Additional Information

  • Currency Pairs: Serves any currency pair.
  • Trading Platform: Developed for MetaTrader 4 (MT4).
  • Time Frames: Functional on any time frame.
  • Indicator Type: Provides clear trading signals.

How to install the Elite PRO indicator in Metatrader 4?

  1. Copy and paste the ElitePRO Scalper.ex4 indicator into the MQL4 indicators folder.
  2. Access this folder from the top menu: File > Open Data Folder > MQL4 > Indicators (paste here).

Removing the indicator 

  1. Right-click on the chart.
  2. Select “Indicators List.”
  3. Click on the indicator’s name.
  4. Click the “Delete” button.

Summary

The Elite PRO Scalper indicator is a powerful and intuitive tool for Forex traders aiming to profit from short-term movements in the currency market.

The indicator provides clear non-repaint buy and sell signals and streamlines the trading process, particularly during the London and New York trading sessions.