The 100 Pips Today Scalper Indicator for MT4 is a moving average-based trading tool designed to help Forex traders scalp the markets and capture short-term intraday trading opportunities. It provides clear buy and sell signals, making it suitable for both beginners and advanced traders looking for precise entry and exit points.
While highly effective in trending markets, traders should avoid using it during ranging markets as signals may be less reliable.
How the 100 Pips Today Scalper Indicator Works
The indicator combines trend direction and signal markers for easier decision-making:
- Bullish trend → Yellow line appears
- Bearish trend → Red line appears
- Entry points → Star symbol on the chart
- Exit points → Cross symbol on the chart
Traders can enter trades following the trend color or when the entry symbols appear, and exit either at the opposite signal or using the indicator’s stop loss and take profit settings.
Trading Strategy
Buy Setup
- Wait for a yellow line indicating a bullish market.
- Enter a Buy trade at the star symbol or candle close.
- Place stop loss below the cross symbol or recent swing low.
- Exit when the opposite signal appears or take profit is reached.
Sell Setup
- Wait for a red line indicating a bearish market.
- Enter a Sell trade at the star symbol or candle close.
- Place stop loss above the cross symbol or recent swing high.
- Exit when a bullish signal appears or take profit is triggered.
The indicator can also be integrated into automated trading strategies for more efficient Scalping.
Key Features
- Moving average-based Trend Indicator for short-term trades
- Provides entry (star) and exit (cross) signals
- Color-coded lines: yellow for bullish, red for bearish
- Non-repainting for accurate historical analysis
- Works on all MT4 timeframes (ideal for scalpers and intraday traders)
- Supports automated trading strategies
- Easy to use for beginners and advanced traders alike
Why Use the 100 Pips Today Scalper Indicator?
Traders can benefit from this indicator by:
- Identifying short-term trend direction quickly
- Receiving clear entry and exit signals for intraday trades
- Scalp trending markets effectively without complex setups
- Reducing the risk of false signals in trending conditions
- Combining with other technical tools for confirmation
Conclusion
The 100 Pips Today Scalper Indicator for MT4 is a practical tool for intraday Forex traders. It provides trend-based buy and sell signals, as well as clear visual cues for trade entries and exits. While it performs best in trending markets, it remains a valuable asset for scalpers and short-term traders seeking an easy-to-follow trading system.
