Connect with us

Indicators

100 Pips Today Scalper – Free Forex Trading Indicator

100 Pips Today Scalper simple indicator defines the beginning and end of the trend. Very suitable for intraday scalping. According to its structure reminds MA that changes color when you change the trend, red for Sell, yellow for Buy. 100 pips today scalper simply defines the minimum and maximum movements depending on the installed options.

100 Pips Today Scalper best fulfills himself in trending pairs such as EURAUD, GBPAUD, GBPJPY, EURJPY. Standard is also nice. MA is built from N number of objects (Ctrl + B).

100 Pips Today Scalper
Pips Today Scalper

Characteristics of 100 Pips Today Scalper

Platform: Metatrader4
Currency pairs: Major pairs
Trading Time: London session
Timeframe: Any
Recommended broker: Exness

What is day trading scalping?

Scalping is a trading style that specializes in profiting off small price changes, generally after a trade is executed and becomes profitable. It requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains the trader worked to obtain.

scalping is a term used to denote the “skimming” of small profits on a regular basis, by going in and out of positions several times per day. Scalping in the forex market involves trading currencies based on a set of real-time analysis.

Settings of 100 Pips Today Scalper:

MT4 scalping indicator for Meta Trader 4 is all-in-one Trend and entry indicator which is suitable for all Forex pairs including Gold. The preferred timeframe would be M15.

BPERIOD – default parameter 34, but I recommend to put 36. The signal will be more accurate. I have just such a setting and installed.

APERIOD – there are three parameters 1, 2 and 3. 3 by default, I recommend to leave it, if you put 2 line will be smoother. 1 – more sensitive than 3.

aTake_Profit – what number is written here at such a distance from the line will be installed * as a place for  Take Profit. If set to 0, then the star is mounted directly on the line, not to interfere in the chart.

aStop_Loss – what number is written here at such a distance from the line will be installed * as a place for Stop Loss. If set to 0, then the star is mounted directly on the line, not to interfere in the chart.

100 Pips Today Scalper Free Forex Trading Indicator
100 Pips Today Scalper Free Forex Trading Indicator

aAlerts – true / false enables / disables the sound signal when changing colors.

EmailOn – signal to Email.

SignalTextSize – text size signal.

BuySignalColor and SellSignalColor – text color signal for Buy / Sell.

Recommendations for 100 pips today scalper:

You can work on one indicator when changing colors do the reverse position, but with a small lot and only in trending pairs and only M5. Tests were carried out and the overall result was positive.

In my opinion, 100 Pips Today Scalper ideal for working on EURAUD. We put the indicator on the M15 with the parameters of course 36 and look which way the trend is on it. Next put the indicator on the M1 and the signal on the M1 opened sideways trend M15.

In the archives 100_Pips_Today_Scalper.rar:

  • 100pipstodayscalper.ex4

Free Download 100 Pips Today Scalper

Next post

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 63 other subscribers

Trending