Scalping Monster Indicator

Scalping Monster Indicator

Scalping monster Indicator- ready trading system in the form of an indicator. Scalping monster is designed for the Metatrader4 platform. When placed on a forex chart, the indicator automatically analyzes the market using an adaptation algorithm and displays the signals to the trader in the form of red and blue dots. The indicator also shows in the upper right corner information about potential profit / loss.

Scalping Monster Indicator description

How to trade using Scalping monster:

  • when the blue dot appears on the chart, we open a buy order. Close the order when a red dot appears.
  • when a red dot appears on the chart, we open a sell order. Close the order when the blue dot appears.

Important recommendations:

  • Do not open an order before the release of important news.
  • open order immediately after the point appears. It is not necessary to open an order in the middle of the cycle.

Advantages of Scalping monster:

  • It works on all currency pairs.
  • Don't redraw your signals.
  • shows the trader points to open and close orders.
  • is a complete trading system.
  • sends push and email notifications.
How to set up this indicator
Open the indicator settings and find the "spread" parameter. Indicate there the value of the current spread for this currency pair where you want to test it. Next, add the indicator to the chart of the currency pair and look at the forecast profit / loss in the upper right corner. If the indicator predicts more than 1000 points of profit, you can start trading. Thus, by placing the indicator on charts of different currency pairs and timeframes, look for those where the indicator will forecast profits.
Indicator settings:
  • spread - your broker's spread for the current currency pair.
  • period - indicator period.
  • averaging_period - averaged indicator period.
  • shift - shift of the starting point of the calculation, relative to the price.
  • bars - the number of bars at which the indicator will work.
  • thickness_of_thick_line - thickness of the thick line of the indicator.
  • thin_line_thickness - thin line thickness of the indicator.
  • Signal - sending push and email notification of signals.
  • inform - enable / disable display of information on the screen.


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To trade the Scalping Monster Indicator you can open your free broker account by clicking the button.