The Pull Scalper Forex Indicator for Metatrader 5 delivers interesting buy & sell signals that work well for scalpers.
The indicator appears as two colored lines in a bottom chart window.
You only need to pay attention to the green and red colored signal lines.
- A green colored signal line is bullish.
- A red colored signal line is bearish.
If you are looking for 5-10 pips profit per trade, this indicator might work well for you.
The Pull Scalper indicator will work best during the London and New York trading sessions.
The following inputs can be edited: minimum period, maximum period, hp period, and median period.
Make yourself familiar with this indicator and test it first on a demo account. It supports all time frames and Forex pairs.
Download Indicator 🆓
EhlersRestoringPullIndicator.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Pull Scalper Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Pull Scalper Forex Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal occurs when the Pull Scalper starts drawing the green signal line.
- Open a buy trade and place your stop loss below short-term support.
- Close the buy transaction for 5-10 pips profit.
Sell Signal
- A sell signal occurs when the Pull Scalper starts drawing the red signal line.
- Open a sell trade and place your stop loss above short-term resistance.
- Close the sell trade transaction for 5-10 pips profit.
Download Now 🆓
EhlersRestoringPullIndicator.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the EhlersRestoringPullIndicator.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration