Skip to content

Elite PRO Scalper Indicator (MT4)

    The Elite PRO Scalper indicator for Metatrader 4 represents an accurate buy and sell technical tool used to scalp the Forex market on any time frame and pair.

    It’s a typical plug-and-play indicator that draws buy and sell signal arrows on the trading chart.

    This tool tends to work the best during the London and New York trading sessions.

    Don’t forget to explore the various indicator settings to tailor them to your individual preferences.

    Key Highlights:

    • A buy and sell scalper indicator
    • Utilize on the smaller spread currency pairs
    • Should work on any time frame of your preference

    Test the indicator first on a demo account.

    Free Download 

    Download the “ElitePRO Scalper.ex4” MT4 indicator

    Indicator Example Chart

    The EUR/USD 5-min chart below shows the Elite PRO Scalper indicator in action.

    Basic Trading Signals

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

    BUY:

    • A blue colored arrow represents a buy signal.
    • Place a small stop below the most recent swing low.
    • Set a profit target of 5-15 pips, or reverse the trade when the red arrow appears on the trading chart.

    SELL:

    • A red colored arrow represents a sell signal.
    • Place a small stop above the most recent swing high.
    • Set a profit target of 5-15 pips, or reverse the trade when the blue arrow appears on the trading chart.

    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.

    More Info About This Indicator

    Currency Pairs: works on any currency pair

    Trading Platform: developed for Metatrader 4 (MT4)

    Time Frames: works on any time frame

    Indicator Type: trading signals

    How to install the K-Lab indicator in Metatrader 4?

    • Copy and paste the ElitePRO Scalper.ex4 indicator into the MQL4 indicators folder.
    • You can access this folder from the top menu as follows:
    • File > Open Data Folder > MQL4 > Indicators (paste here)

    How to remove the indicator from the chart?

    • Right-click on the chart
    • Select indicators list
    • Click on the indicator’s name
    • Click on the delete button
    Share this post!