The 3rd Candle Forex Scalper indicator for MT4 is a true scalping indicator that works great for any time frame and pair.
- A blue arrow represents a buy trade opportunity.
- A red arrow represent a sell trade opportunity.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
Indicator Example Chart (EUR/USD H1)
How to trade with it?
Open a buy position whenever the blue colored scalper arrow pops up on the chart.
Open a sell position whenever the red colored scalper arrow pops up on the chart.
Exit the trade when an opposite trading signal occurs on the chart.
Feel free to use your own favorite trading method to open and close trades with the 3rd Candle Forex Scalper indicator .
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Shift arrow, filter bull bear candle, color settings & style
Indicator type: Scalping
Repaint? Does not repaint the colored buy and sell scalping arrows.
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.