The Instant Profit Scalper is a trend-following indicator for MT4, specially developed for day/intraday traders in forex and stocks.
As a technical indicator, it helps you identify instant changes in market momentums, which can initiate a long-term trend. The instant profit signals aim to help you ride a trend from a very early stage to target a better profit margin for each of your entries.
Assessing the market bias and looking for precise trade signals at the same time is a challenging job for beginners. There are many simple and advanced MT4 indicators that help traders anticipate both the trend and the trade entry points. However, whichever indicator or system you use, the signal accuracy level always remains the main concern.
This guide will explain how the Instant Profit Scalper helps you identify trading opportunities according to correct price trend directions.
What is the Instant Profit Scalper Indicator?
The Instant Profit Scalper indicator represents a simple trend detector for MT4. It determines current trend conditions, predicts the upcoming price move, and plots arrow signals to point to a buy or sell signal.
It applies a dynamic trendline similar to moving averages that outlines the current market bias. The level turns pink during a bullish market and works as a trendline support. Contrarily, the level becomes yellow and appears as a trendline resistance whenever the market enters into a solid bearish trend.
The yellow and pink arrows you see at the reversals are instant profit scalping arrows. It indicates potential buy-sell levels in accordance with the trend-reversal conditions of the market. For instance, the indicator shows a yellow line with the same color arrow at the top of the candle is interpreted as a sell signal following the bearish trend reversal.
After activating a trade, you can always update your stop loss positions according to the changes in the profit scalper line. For example, place the SL above the yellow line if you go short. If the price starts moving in your favor, update or trail the SL limit based on the change in the dynamic resistance position.
Instant Profit Scalper Trading Strategy
Buy Signal
- The price exceeds the instant profit scalper line.
- The indicator level turns pink.
- A pink arrow appears above the candlestick-high, confirming a buy order.
Sell Signal
- The price moves below the instant profit scalper line.
- The indicator level turns yellow.
- A yellow arrow shows up above the candlestick-high, confirming a sell order.
Instant Profit Scalper Pros & Cons
Pros
- Instant profit scaler signals are easy to read & follow.
- Generates arrow signals to point to solid trend-reversal zones.
- Shows “on-screen” alerts and includes email alert features.
- Eliminates market noise in lower timeframes.
- Beginner-friendly.
Cons
- Instant profit scalper signals may lag during sluggish price movements.
- Requires confirmation through additional market analysis.
Conclusion
The Instant Profit Scalper is a simple-to-use indicator that suits any trend-based trading strategy and is adjustable for all timeframes within MT4. So, besides scalping, it can also work well in assessing intraday and long-term trading opportunities. The main drawback is the indicator may lag a bit in generating trend signals during irregularly volatile markets and sluggish price movements.
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