Scalping Indicator

A scalping indicator for MetaTrader 4 is a technical tool that prints fast buy/sell signals on lower timeframes (M1 to M15), designed for traders who hold positions for seconds to a few minutes. Most use a combination of moving averages, momentum oscillators, or volatility filters to flag entry points before a quick 5-30 pip move.

Yes. Every scalping indicator on this page is free to download as a .ex4 or .ex5 file. No paid licence, no broker referral. Some originated as paid commercial indicators and were independently rebuilt as free files for the FC library.

Forex Gladiator and Forex Pharaon are the two most consistent non-repaint scalping indicators on M5 and M15. Both lock signals on closed bars, work across forex majors and XAUUSD, and pair well with a 50-period EMA trend filter for higher win rates.

Scalping is only profitable on EURUSD with spreads under 1.0 pip, on XAUUSD under 30 cents, and on GBPJPY under 2.0 pips. Standard accounts (1.5-3 pip spreads) bleed profit through spread cost on every trade. Use an ECN or raw-spread account for any serious scalping.

No. Some market-maker brokers ban or restrict scalping by widening spreads on fast trades or rejecting orders held under 60 seconds. Confirm "scalping allowed" with your broker before deploying. ECN brokers (IC Markets, Pepperstone Razor, FP Markets, Tickmill) explicitly support scalping.

Yes. FTMO, MyForexFunds, and most major prop firms allow manual scalping with any indicator (since indicators don't auto-execute trades). HFT and ultra-fast (under 1 minute hold) scalping is banned on some firms, read the rule book carefully.