The Ultimate Pro Scalper Metatrader 4 forex indicator is a perfect scalping tool that trades best on any timeframe lower than 1-Hour.
It is stated to have a winning ratio of 92.4% and above according to Karl Dittmann, who’s the man behind the Ultimate Pro Scalper indicator.
It is important to check for active market conditions before using the Ultimate Pro Scalper indicator.
This implies traders can deploy volatility tools like the Bollinger Bands alongside that will aid in gauging liquidity.
The New York and London sessions are obviously the most suitable sessions to use this indicator on.
The Ultimate Pro Scalper indicator pops up on the chart in the form of a green and red signal dots that are aligned below and above the candlesticks in that order.
The EUR/CHF M5 chart below displays the Ultimate Pro Scalper Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the Ultimate Pro Scalper indicator pops up a green signal dot that is aligned somewhat below the candlesticks.
Sell Signal: Go short when the Ultimate Pro Scalper indicator puts on display a red signal dot that is aligned slightly above the candlesticks.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the Ultimate Pro Scalper indicator triggers a red signal dot.
Exit sell trade: Close all sell orders if while a bearish trend is running, the Ultimate Pro Scalper indicator pops up a green signal dot.
Tips: The Ultimate Pro Scalper indicator is an intuitive technical tool that pops up alerts on the trade window, and also has the option of sending email alerts, making it difficult to miss out on profitable trades.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (PeriodValue, SL_add_pips, TP, UseAlerts, EmailAlerts, CORNER), width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the ultimate-pro-scalper.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)