Forex Hacked Scalper Indicator (Free Download)
Forex Hacked Scalper is a visual signal indicator for MetaTrader 4/5 that provides color-coded buy and sell signals designed for short-term scalping strategies on M1 and M5 timeframes. The indicator uses blue zones to indicate bullish conditions and red zones for bearish conditions, with arrow markers showing precise signal transition points across all trading instruments. Designed for manual trade execution, it emphasizes the importance of stop-loss usage while offering traders clear directional bias signals without complex parameter configurations.
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Forex Hacked Scalper is a technical indicator designed for both MetaTrader 4 and MetaTrader 5 platforms. Developed by me, Trent Baxter, Forex Hacked Scalper aims to provide clear buy and sell signals for short-term trading strategies. Unlike complex Expert Advisors that automatically execute trades, this indicator is created to serve as a visual signal generator that assists you in making manual trading decisions based on algorithmic analysis.
The indicator uses a straightforward color-coded system where blue signals indicate potential buy opportunities and red signals suggest sell opportunities. This simple approach makes it accessible to traders of various experience levels who want to incorporate systematic signal generation into your manual trading approach. The tool is designed specifically for scalping strategies, which focus on capturing small price movements over very short time periods.
How It Works
The Forex Hacked Scalper indicator operates by analyzing price action and generating directional signals based on its internal algorithm. When attached to a chart, the indicator overlay trend-following zones on the price chart, with blue and red shaded areas that correspond to bullish and bearish market conditions respectively. The arrows mark specific entry points where signal changes occur, providing you with clear visual cues for potential trade opportunities.
The system generates new signals when market conditions change, indicated by transitions from blue to red zones or vice versa. You can enter trades when these new signals appear and to exit either when an opposite signal generates or when your predetermined take profit levels are reached. This approach allows you to ride trends while having clear exit criteria.
The Indicator requires manual trade execution, meaning you need to still make the decision to enter trades based on the signals provided. This gives you control over position sizing, risk management, and the ability to filter signals based on your own market analysis or trading conditions.
Key Features
- Supported Platforms: MetaTrader 4 and MetaTrader 5
- Installation: Simple drag-and-drop installation into the Indicators folder
- Requirements: Allow DLL imports and external experts imports must be enabled
- Recommended Timeframes: M1 (1-minute) and M5 (5-minute) charts
- Instrument Compatibility: Works on all trading instruments (forex pairs, indices, commodities, etc.)
- Signal Types: Easy-to-read buy/sell signals with clear color coding
- Visual Display: Blue zones for buy signals, red zones for sell signals
- Simple Operation: No complex parameter adjustments required
- Manual Control: Traders retain full control over trade execution
- Flexibility: Can be used on any chart and any trading instrument
The download package of the product includes:
- Indicators: Forex_Hacked_Scalper.ex4 and Forex_Hacked_Scalper.ex5
- Installation and usage Guide from forex-hacked.com
Conclusion
Forex Hacked Scalper is a straightforward signal indicator that aims to simplify short-term trading decisions through clear visual cues. The indicator’s strength lies in its simplicity – the blue and red zone system provides easy-to-understand directional bias without overwhelming you with complex parameters or confusing displays.
Contact me: trent@trentbaxter.com
Thank you!
This is very useful indicator, I have flipped from 100$ to 200$ on 5 mins timeframe within 4 days, thank you so much!
Thanks Trent its a good and precise indicator