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.

mt4-hercules-indicator-atozforex.jpg

Buy:
Wait until trend changes (bars colors from red to blue)
Open a buy on the first up-arrow.

Sell:
Wait until trend changes (bars colors from blue to red)
Open a sell on the first down-arrow.


Note: Set your SL from 15 to 50 pips (depends on all on a pairs volatility). 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.

Download the MT4 indicator .zip file from here