- July 15, 2022
- Posted by: 'Femi Olabode
- Category: Free Forex EA
100 Pips Daily Scalper Indicator Review
The 100 Pips Daily Scalper Indicator technical indicator is a flexible tool created especially for the MetaTrader 4 platform.
This indicator uses current market movements to automatically build trendlines and display price projections for the future. It recognizes crucial price reversal settings that support the discovery of trading opportunities in market situations that are consolidating and trending.
On order to forecast crucial price levels and identify successful trading chances, this post will demonstrate how to utilize 100 Pips Daily Scalper Indicator in MT4 platforms.
Best Brokers List
The 100 Pips Daily Scalper works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below: I
Setting
Explanation of this indicator
To show the high/low ranges, the 100 Pips Daily Scalper Indicator employs colored trendlines. Additionally, projection lines that show potential future price support and resistance levels are drawn. An upward trend is shown by the blue trendline, whilst a negative trend is shown by the red one.
When the price bounces off a significant region, the indicator detects the reversal pattern and marks the change in trend direction. To identify price retracement areas and potential price breakout levels, look at the dotted lines illustrating expected S/R lines.
Buying Signals with a 100 Pips Daily Scalper
The indicator marks a bullish price candle with a red cross.
The trendline's color turns to blue.
Place your stop loss beneath the existing support level.
Exit long as the price crosses below the blue trendline.
The 100 Pips Daily Scalper is used to generate sell signals.
An indication with a blue cross may be seen above the price candle.
When the trendline turns red, buy above the present resistance.
Exit the sell trade whenever the price crosses above the red trendline.
100 Pips Daily Scalper Indicator Free Download
We highly recommend trying the 100 Pips Daily Scalper Indicator for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.
