📌 Introduction

The Scalper Show Arrow INDICATOR V1.0 is a powerful non-repainting buy/sell arrow system designed for MetaTrader 4. It combines the Money Flow Index (MFI) with a Halftrend trend filter to generate high-probability entry signals for scalpers and day traders. Unlike many indicators that repaint or lag, this tool provides real-time, stable arrows that remain fixed once plotted, making it reliable for both live trading and backtesting.

⚡ Key Features

✅ Non-Repainting Signals – Arrows stay fixed after appearing
⚡ Zero Delay – Real-time signal generation with no lag
📊 MFI + Halftrend Combo – Momentum and trend filtering for accuracy
🖥️ MT4 Compatible – Works on all currency pairs and timeframes
🎯 Clear Visual Cues – Up arrow for BUY, down arrow for SELL
🔧 Customizable Parameters – Adjust sensitivity and trend settings
📉 Noise Filtering – Reduces false signals in choppy markets

⚙️ Recommended Settings

Timeframe M1, M5, M15 (optimal for scalping) Currency Pairs EURUSD, GBPUSD, USDJPY, AUDUSD Sensitivity Default (adjust based on volatility) Trend Period Default (fine-tune for signal frequency) Stop Loss Recent swing high/low Take Profit 1:1.5 to 1:2 risk-reward ratio Risk Per Trade 1-2% of account balance

✅ Advantages

🔒 Reliable non-repainting signals for accurate backtesting
🚀 Instant signal generation – no lag
🧠 Easy to understand – perfect for beginners
🛡️ Trend filter reduces false entries
🌐 Works on all pairs and timeframes
💰 Free to use – no subscription costs

❌ Disadvantages

❌ Does not provide SL/TP levels (requires manual management)
📉 Fewer signals in ranging/sideways markets
🎯 Not a complete trading system – needs complementary analysis
⚠️ Requires practice and demo testing before live use

🏁 Conclusion

The Scalper Show Arrow INDICATOR V1.0 is an excellent choice for scalpers seeking clear, reliable, and non-repainting signals. Its MFI-Halftrend combination effectively filters market noise while providing timely entries. Though it requires manual risk management, its accuracy, simplicity, and zero-lag performance make it a valuable addition to any short-term trader's toolkit. Highly recommended for both beginners and experienced traders looking to enhance their scalping strategy.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

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Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.