The indicator works best on M1, M5, and potentially M15 timeframes on GBPJPY, EURUSD, GBPUSD, and USDJPY currency pairs.
How to Trade with Ultimate Pro Scalper indicator?
Before we start trading with the indicator, there are three important rules to acknowledge.
Liquidity- Only use the indicator on an active market preferably during US or EU sessions.
Follow the trend- Only enter the market in the direction of a trend. You can Identify Forex trend by using MACD or “Trend Power” displayed by the informer from a larger timeframe.
Try the Supply and Demand indicator with a reputable broker on a free account:
Trend- Do not use this indicator on markets in consolidation. Also, always use stop loss levels which you can place at nearby major levels.
After opening a position based on either Buy (green) or Sell (red) signals in agreement with the above three rules, we have three exit options.
Opposite signal- We can wait for an opposite Ultimate Pro Scalper signal to confirm the end of a move.
Popup alert- You could exit the trade based on the Take Profit target identified in a popup alert.
S/R level- We could also exit a trade near major levels.
How to allow .DLL imports on MT4?
You might be asked to allow to import .DLL files to your MetaTrader 4. To do so, go to Tools>>Options>> Expert Advisors tab on the platform menu and tick the “Allow DLL imports” field. Also, check to allow DLL imports on the indicator’s settings window.
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 below.
- 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 “Ultimate Pro Scalper indicator” template to apply it on the chart.
Note: Ultimate Pro Scalper indicator was developed by Karl Dittmann and was sent by an AtoZ Markets follower from Russia. AtoZ Markets does not carry any copyrights over this trading tool.
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