
100 Pips Daily Scalper Indicator
Platform: MT4 Type: Scalping Last update: November 24, 2024The 100 Pips Daily Scalper Indicator for MT4 is responsible of displaying an colorful dotted line. Blue readings corresponds to bullish signal and red to bearish scenario. Also alignment of this line has a meaning, and it is below and above candlesticks for the respective setups.
When it comes to entry points, the best opportunity occurs when the price makes an pullback and touch the signal line, however it doesn’t switch the color and rejection pattern is formed. Afterwards, the price will very likely continue movement to the original direction providing a very good risk-to-reward ratio trade.
According to the authors, this scalping approach is capable of generating 100 pips per day.
Example charts:
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