The Ultimate Pro Scalper Indicator combines sophistication and simplicity to offer traders one of the market’s best and easiest-to-follow trend trading indicators.
Indicator Description
The Ultimate Pro Scalper is a trend trading indicator that helps you spot the starting and ending points of trends while also predicting the strength of the trend. It uses green and red diamonds as trade signals and an info box at the top right corner to tell you how strong the trend is.
Although its name suggests that you should use it for scalping, you can also gain a reasonable amount of success when using it with other trading styles.
Ultimate Pro Scalper MT4 Indicator Installation
1. Unzip the file you’ve downloaded.
2. Find the file that is called “ultimate-pro-scalper.ex4″ and copy it.
3. Open your MT4.
4. Go to “File – Open Data Folder – MQL4”.
5. Paste the file into the “Indicators” folder in MQL4.
6. Restart your MT4.
After the installation, your trading chart will look like this:
Basic Trading Signals
The Ultimate Pro Scalper makes trade entries relatively easy. The green diamond symbol signifies a buy entry, while the red diamond symbol indicates a sell entry. It’s that easy.
“Trend Power” detector
However, there are some nuances you might need to take note of when making your trades. For instance, it is important to consider the “Trend Power” indicator in the infoboard before entering the trade. If the trend power is low, this could mean that the trend is weak. I recommend to open a position if the Trend Power value is at least 70%.
- High Trend Power: Confirms a strong trend – proceed with the trade.
- Low Trend Power: Indicates a week trend, waiting for stronger confirmation is better.
Pro Tip: Combine the signals with your existing strategy, like support and resistance levels, trendlines, or other indicators to improve its accuracy.
Exit Options
Exiting trades effectively is as important as entering them. Here’s how to do it with the Ultimate Pro Scalper:
- Signal-based exit:
- In a bullish trade, exit when a red diamond appears.
- In a bearish trade, exit when a green diamond appears.
- Trend power reduction:
- Watch for a drop in the Trend Power value. A signal that the trend might be losing power will allow you to exit before it reverses.
- Alternative Exits:
- Exit when your risk-reward ratio is met (TakeProfit level is reached).
- Use support and resistance zones to plan exits.
- Pro Tip: balancing between signal-based exits and other exit strategies can help avoid premature exits or staying in losing trades too long.
My Conclusion on Ultimate Pro Scalper Indicator
The Ultimate Pro Scalper Indicator is a well-rounded tool that combines simplicity and profitability. Its intuitive design makes it accessible for beginners, while its trend analysis capabilities ensure it adds value to seasoned traders’ arsenals. Offering clear buy and sell signals helps traders navigate the forex market with confidence and precision.
Whether you’re looking to scalp the market for quick profits or capitalize on longer-term trends, this indicator covers you. Install it on yourMT4 and experience the difference it makes in your decision-making process!
P.S. Have problems with installation? Email me at olivermurphy@altraforex.com or support@altraforex.com
I would love to help!
P.P.S. Check out software by Altra Forex Group here
