The Waddah Attar Forex Scalping indicator for Metatrader 4 provides scalpers with excellent buy/sell trading signals that work for any currency pair.
The indicator gets displayed in a bottom chart window as an histogram that fluctuates above and below the zero level.
This scalping indicator tends to work the best during the London & New York trading sessions.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- True scalping indicator
- Does not repaint
- Multiple trade entries
- Good performance
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a short-term buy/sell entry confirmation tool.
Free Download
Download the “Waddah_Attar_Scalping.mq4” MT4 indicator
Indicator Example Chart
The EUR/USD 5-minutes chart below shows the Waddah Attar Forex Scalping indicator in action.
Basic Trading Signals
Signals from the Waddah Attar Forex Scalping indicator for Metatrader 4 are easy to interpret and goes as follows:
BUY:
- Open a long trade when the histogram changes colored from red to green (bullish trend).
- Place stop loss below short-term support.
- Aim for 8-15 pips per trade profit or wait for an opposite signal to close the long trade.
SELL:
- Open a short trade when the histogram changes colored from green to red (bearish trend).
- Place stop loss above short-term resistance.
- Aim for 8-15 pips per trade profit or wait for an opposite signal to close the short trade.
Download This Forex Indicator
Download the “Waddah_Attar_Scalping.mq4” MT4 indicator
Adjustable Parameters & Settings
Period, P1, P2
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: M1, M5, M15
Indicator Type: Scalping
How to install the Waddah Attar Forex Scalping indicator in Metatrader 4?
- Copy and paste the Waddah_Attar_Scalping.mq4 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 in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button