Instant Profit Scalper indicator was created for real scalpers. It consist of color line and arrows that generates signals. The simplicity and profitability of the system is worth the recommendation. In fact, it is ony of my favourite scalping tools.
The indicator is not repaiting 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 seperate files for each one: instanprofitscalper04 and instanprofitscalper05).
How to trade with Instant Profit Scalper?
- Open long order when below conditions are met:
- 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.
- Open short order when below conditions are met:
- 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.
How to install this indicator on your Metatrader 4 / 5 trading plaftform?
- Download the indicator by clicking “LINK” button at the bottom of this post.
- Copy and paste the Instant Profit Scalper indicator files into following folder of your Metatrader 4 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 instantprofitscalper.mq4 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.