Features of the Ultimate PRO Scalper Indicator
The indicator has distinct features that make it easy to use for trading. The indicator has a Trend Power value that shows how strong the current trend is. Additionally, it draws diamonds on the chart, which tells you whether to enter a bullish or bearish market.
How the Indicator Can Benefit You
The best indicator clearly tells you when to enter and exit the market. Moreover, it tells you the best time to trade depending on the state of the market. The Ultimate Pro Scalper is one such indicator. It shows a red diamond as a sell signal, and a green diamond as a buy signal.
Meanwhile, the Trend Power value shows if the trend is weak or strong. Therefore, it is advisable to avoid buying if you get a buy or sell signal with a low trend power.
After placing your trade, exit when the opposite signal appears. Exit buy positions when the red diamond appears in a bullish trend. Meanwhile, exit all sell positions when the green diamond appears in a downtrend. When you see a noticeable decline in the Trend Power, that’s another indication of exiting a trade.
Indicator Setting Description
Period Value: This option determines the sensitivity of your signals.
SL_add_pips: This option calculates your stop loss with the input figure and tells you the price level to place it.
TP: This option determines your take profit with the input figure and tells you the price level to place it.
UseAlerts: Enables/disables automatic alerts on your MT4.
EmailAlerts: Enables/disables email alerts.
CORNER: Determines where the information box stays on your chart.
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