Forex Smart Scalping MT4 Indicator:
About the Forex Smart Scalping MT4 Indicator
The strategy works on the ECN account (5min and more).
This is the simplest strategy in the world for beginners and professionals:
a- When price close above the entry line,the indicator give an alert.
b- When a candle closes above that line and the price reverses towards the line, Buy from that blue line. Put the stop on the red line and the take profit on the yellow line (minimum)
a- When price close below the entry line,the indicator give an alert.
b- When the price returns to the entry line, sell from entry line, put the stop on the red line and the take profit on the yellow line.(minimum).
*** Risk management: the Lot is calculated at 2% (you can change it) of equity. so that all trades have the same percentage.
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)