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  • Reviews (7)
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Advanced Stochastic Scalper Free

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

This product 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 Free 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 Free is a demo version that can be only run on USDCAD. Unlimited version can be purchased here:

https://www.mql5.com/en/market/product/28824


Advantages of the indicator

  • 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 Free

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

sunnychow
4322
sunnychow 2018.11.05 18:30 
 

Thanks for share.

Tim Eubanks
4898
Tim Eubanks 2018.07.14 16:53 
 

Definitely not a stand alone indicator, needs work!

Matthew Todorovski
12198
Matthew Todorovski 2018.06.30 13:20 
 

1 Star (20%) = Bad

2 Star (40%) = Undecided

3 Star (60%) = Acceptable

4 Star (80%) = Good

5 Star (100%) = Excellente!

Aleksandr Tamonin
1190
Aleksandr Tamonin 2018.05.28 17:32 
 

Хороший индикатор.

Evgeniy Machok
202623
Evgeniy Machok 2018.05.28 16:37 
 

Отличный индикатор.

amfels07
452
amfels07 2018.05.16 15:24 
 

Great work and thank you for sharing..........will definitely purchase the full version this weekend............thanks

sanders sanders
52
sanders sanders 2018.04.24 18:58 
 

Excellent indicator for Forex trading. I will buy a paid version.

Version 4.0 2018.08.21
Optimized calculations.