• Overview
  • Reviews (9)
  • Comments (25)
  • What's new

Advanced Stochastic Scalper

Advanced Stochastic Scalper - is a professional indicator based on the popular Stochastic Oscillator.

Advanced Stochastic Scalper is an oscillator with dynamic overbought and oversold levels, while in the standard Stochastic Oscillator, these levels are static and do not change. This allows Advanced Stochastic Scalper to adapt to the ever-changing market.

When a buy or a sell signal appears, an arrow is drawn on the chart and an alert is triggered allowing you to open a position in a timely manner and avoid sitting at your PC all the time.

Advanced Stochastic Scalper is perfect for trading currencies (including cryptocurrencies) and binary options.


Advantages of Advanced Stochastic Scalper

  • The indicator is suitable for scalping and intraday trading.
  • It is possible to evaluate the effectiveness of the indicator on history.
  • The indicator does not redraw (recalculate), signals are generated strictly on the "Close of the bar".
  • It can be used as a standalone tool or together with other indicators.
  • System of notifications to email and mobile device on new indicator signals.
  • Ability to customize the color scheme of the indicator.


Recommendations on using Advanced Stochastic Scalper

Buy signal: the indicator line crossing the oversold level upwards. If there are open sell positions, they should be closed. See screenshot #2.

Sell signal: the indicator line crossing the overbought level downwards. If there are open buy positions, they should be closed. See screenshot #3.

There may be situations with several consecutive signals in the same direction. In this case, open an additional position in the same direction without closing the previous one. See screenshot #4.

Several positions are to be closed only when an opposite signal appears.


Indicator Parameters

  • K - Stochastic setting. Period for calculating the Stochastic %K line.
  • D - Stochastic setting. Averaging period for calculating the %D line.
  • Slowing - Stochastic setting. Slowing value.
  • Method - moving average calculation method. The following options are available: 1-Simple, 2-Exponential, 3-Smoothed, 4-Linear Weighted.
  • Line Mode – line to be used to plot the indicator: MAIN or SIGNAL.
  • Alert - enable/disable Alert. If true - enabled, false - disabled.
  • Email enable/disable sending e-mails. If true - enabled, false - disabled.
  • Push enable/disable sending messages to the mobile terminal. If true - enabled, false - disabled.
  • Arrow size - size of arrows on the chart (1 to 7).
  • Buy - color of buy arrows.
  • Sell - color of sell arrows.

If you have any questions or suggestions, you can contact me via Profile: https://www.mql5.com/en/users/genino

David Rand
152
David Rand 2018.11.20 17:42 
 

I like it ..but there needs to be a way to filter out some of those really bad signals when the trade is trending up and its giving many sell signals. Other than only trading int he way of the EMA's... any other suggestions? I want to incorporate this into an EA. Anyone interested in working on it with me?

tonyforexgod
227
tonyforexgod 2018.10.01 13:29 
 

Very good

Lorraine Pierce
2770
Lorraine Pierce 2018.07.10 02:56 
 

Really good indicator. I use this in conjunction with TDI and only take signals that also have a TDI crossover. Have been about 90% accurate on M15 :)

Muhammet Simsek
917
Muhammet Simsek 2018.07.02 08:58 
 

Very good

Morard Kevin
896
Morard Kevin 2018.06.18 18:15 
 

Very good

Marzipano
436
Marzipano 2018.05.28 14:17 
 

I like it...

DTChrisLP
599
DTChrisLP 2018.05.24 18:42 
 

Very good indicator!!!

amfels07
452
amfels07 2018.05.20 21:58 
 

Great product without a doubt......... A+++

Trend zone
29
Trend zone 2018.04.17 23:10 
 

This product is a great aid in trading. Good oscillator with alerts.Thanks to the author for help installing and configuring.

Version 4.0 2018.08.16
Оптимизированы расчеты.