MQL5 - Language of trade strategies built-in the MetaTrader 5 client terminal

Source code library - Expert Advisors, Indicators and Scripts

Have Something to Say to Traders? Welcome to Blogs!
To post a new code, please log in or register

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2012.08.07 13:43
JJN-Scalper

JJN-Scalper - indicator for MetaTrader 4

| English Spanish Portuguese

Views:
33843
Rating:
votes: 3
JJN-Scalper.mq4 (10.33 KB)view


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.