You can now download the Hercules MT4 scalping indicator for free on AtoZ Markets indicators gallery.
Hercules MT4 scalping indicator for Meta Trader 4 is all-in-one Trend and entry indicator which is suitable for all Forex pairs including Gold. The preferred timeframe would be M5. Also, it generates enough valid entries per pair per day.
Timeframe: H1 and lower.
Currency Pair: any major pair
How to trade with Hercules MT4 scalping indicator?
This indicator can be used in any currency pairs and on any time frame, but preferably on M5. Moreover, it’s relatively easy to trade with Hercules MT4 scalping indicator.
Buy: Wait until trend changes (bars colors from red to blue) then open a buy on the first up-arrow.
Sell: Wait until trend changes (bars colors from blue to red) then open a sell on the first down-arrow.
Note: Set your SL from 15 to 50 pips (depends on all on the volatility of a pair). If your SL got hit, enter on the next opportunity only if the new entry arrow is higher/lower than your previous SL. Also, set your TP 2 times your SL. Great risk/reward ratio indeed.
How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on “Download Indicator” button located at the top right corner of the screen.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select “Hercules MT4 scalping indicator” template to apply it on the chart.
Note: Hercules MT4 scalping indicator was was sent by an AtoZMarkets follower from France. AtoZMarkets does not carry any copyrights over this trading tool.
This indicator was last updated on 09 May 2019 by Amandeep Sonewane.