Introduction to the Instant Profit Scalper Indicator
The Instant Profit Scalper indicator was created for real scalpers.
It consists of the color line and arrows that generate signals. The simplicity and profitability of the system are worth the attention. In fact, it is one of my favorite scalping tools.
The indicator is not repainting and is proven to show reliable results.
It’s recommended to use on lower timeframes like M15 or M5.
It can be used with 4-digit and 5-digit quotations (there are separate files for each one: instanprofitscalper04 and instanprofitscalper05).
How does it work? How to apply in trading?
Trading Rules Explanation
- Market should be up uptrending.
- A pink arrow should appear below the candles.
- The moving average should be pink.
- Open your long position afer bar get closed.
- Place your stop loss just below the recent swing low.
- Take your profit when the yellow arrow appears above the candles.
- Market should be up downtrending.
- A yellow arrow should appear below the candles.
- The moving average should be yellow.
- Open your short position afer bar get closed.
- Place your stop loss just below the recent swing high.
- Take your profit when the pink arrow appears below the candles.
As always, to achieve good results, remember about proper money management.
How to set up the Instant Profit Scalper indicator in MT4?
Copy and paste the instantprofitscalper.ex4 or instantprofitscalper.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Instant Profit Scalper indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Instant Profit Scalper Free Download
To download the Instant Profit Scalper for Metatrader 4 (MT4) for free just click the button below: