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Home Forex MT4 Indicators Hercules Scalping Indicator for MT4

Hercules Scalping Indicator for MT4

Hercules Scalping Indicator is a custom forex technical indicator for Metatrader 4 (MT4) that is all-in-one trend and entry type of indicator which can be used for all forex market currency pairs and time frames. The recommended timeframe is M5. It is simple to trade with the Hercules Scalping indicator as you just need to follow the buy sell arrow signals.

How to use Hercules Scalping indicator

As we mentioned, it is relatively easy to trade with this indicator. Check the trading rules below:

Buy entry signal
Wait until a trend changes (bars change color from red to blue)
Open a buy trade on the first up trend arrow.
Set your stop loss at 15-50 pips (depending on risk tolerance) or according to your own strategy.
Take profit at a reasonable R:R ratio (at least 1:1 or more).

Sell entry signal
Wait until a trend changes (bars change color from blue to red)
Open a sell trade on the first down trend arrow.
Set your stop loss at 15-50 pips (depending on risk tolerance) or according to your own strategy.
Take profit at a reasonable R:R ratio (at least 1:1 or more).

How to install the Hercules Scalping Indicator on your Metatrader 4 trading plaftform?

  • Download the indicator by clicking “LINK” button at the bottom of this post.
  • Copy and paste the Hercules Scalping indicator files into following folder of your Metatrader 4 (MT4) platform: MQL4 > Indicators.
  • You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
  • Restart your Metatrader 4 Client.
  • Select Chart and Timeframe where you want to test the indicator
  • Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
  • Right click on hercules.ex4 and than click “Attach to the chart”.
  • You can modify settings if you need and than click ok.
  • The indicator is ready and running on the chart.

In the archives you will find following Metatrader 4 files included:

  • hercules.ex4

Hercules Scalping Indicator Free Download

To download the Hercules Scalping Indicator for Metatrader 4 (MT4) for free just click the button below:

Hercules Scalping Indicator Free Download

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