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Published:

2012.08.07 13:43

Updated:

2014.04.22 16:50

JJN-Scalper.mq4 (10.33 KB) view

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Scalper system. It shows the entry, takeprofit and stoploss levels. Use it on M5 or above.

TakeProfit and StopLoss come from ATR (you can change the period of the ATR).

IMPORTANT! >> There are 2 basic rules:

1. Entering only if the price crosses the entry level (i.e. for example if BUY appears, wait until the price is crosses the entry level upward)

2. Recognize the trend and sell only in overall downtrend, buy only in overall uptrend

Test it on demo for the first time.

Use PosX and PosY to place the indicator to the desired location.

Methodology differs from JJN-Bee.

JJN-Scalper

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Scalper system. It shows the entry, takeprofit and stoploss levels.

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This indicator gives BUY and SELL signals and entry level.

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Trades when the first parabolic sar dot occurs signaling a new trend

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Trades on two moving average crosses

JJN-Scalper - indicator for MetaTrader 4