The Infinity Scalper forex indicator was originally developed by currency trader Karl Dittman.
He’s a well-known programmer of forex trading software for scalping and day trading.
His Infinity Scalper is used to scalp off the 1-minute and 5-minute forex charts.
According to Karl Dittman, Infinity Scalper is very accurate and profitable.
Signals from his indicator are very simple to understand, even for absolute forex beginners:
- A buy signal occurs when the histogram bar changes color from red to green. This is a scalper buy signal.
- A sell signal occurs when the histogram bar changes color from green to red. This is a scalper sell signal.
A yellow histogram bar represents the take proft signal for both long and short scalp trades.
According to Karl Dittman, this is the optimal exit signal.
Please note that green histogram bars are positioned above the zero level and red histogram bars below the zero level.
Furthermore, the signal alert function provides you with the entry level (buy or sell), suggested take profit level and suggested stop-loss level.
Feel free to experiment with the 4 options for scalping: conservative, medium, custom and aggressive.
Tip: Start with the conservative or medium option. The aggressive option is for experienced forex scalpers.
The USD/JPY 1-Minute chart below displays the Infinity Scalper Metatrader 4 indicator in action.
Basic Trading Signals
Signals from the Infinity Scalper MT4 indicator are easy to interpret and goes as follows:
Buy Signal: Buy the currency pair when a green histogram bar appears above the zero level. Place a stop-loss below support. Take profit when a yellow bar appears above the zero level on the chart. (optimal exit signal)
Sell Signal: Sell the currency pair when a red histogram bar appears below the zero level. Place a stop-loss above resistance. Take profit when a yellow bar appears below the zero level on the chart. (optimal exit signal)
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Colors, width & Style.
Time frames: 1-Minute, 5-Minutes
Type: buy/sell signals indicator
Download the Infinity_Scalper.zip file.
The file contains the following files:
- InfinityScalper.ex4 (place in the MT4 indicators folder)
- Activation Code.txt (contains the activation code)
- Infinity Scalper template.tpl (place in the MT4 templates folder)
Another Example (GBP/CHF 5 -Minute Chart)