100 Pips Today Scalper Indicator

100 Pips Today Scalper Indicator

100 Pips Today Scalper Indicator For MT4 provides moving average-based buy and sell forex trading signals with entry and exit. Best for forex scalpers.

The 100 pips today scalper indicator for MT4 is a moving average based indicator that provides buy and sell forex trading signals. As the name suggests forex traders can use the indicator to scalp the markets and look for short term intraday trading signals. However, the indicator may not produce beneficial trading results during ranging markets.

The indicator is simple to use and is suitable for new and advanced forex traders. Additionally, traders can formulate automated trading strategies using it. Moreover, this non repainting indicator works well in all chart time frames. Scalpers can choose lower time frames, while short-term traders can look into time frames above H1.

100 Pips Today Scalper Indicator For MT4 Trading Signals

The indicator plots entry points as a star and exit as cross. Additionally, it draws red indicator line for bearish market and yellow line for bullish market. The visual color changes help traders to identify the trend direction and trade accordingly. A trading strategy is to enter and exit the market based on the indicator line color change or appearance of the symbols on chart.

Traders can enter the market with a buy trade in a bullish market and place a stop below the cross symbol on chart. The best profit booking strategy is to exit the markets at an opposite trading signal. Additionally, traders can use the stop loss and take profit of the indicator settings to exit.

Traders can apply a similar trading strategy during a bearish setup.

Conclusion
The 100 Pips Today Scalper Indicator for MT4 provides a trading system with entry and exit signals. Though it provides reasonable trading results, traders should avoid trading in ranging markets.