Introduction to the JJN-Bee Indicator
The JJN-Bee Indicator is a forex scalping indicator. It displays a signal arrow (triggering candle), entry level, stop loss, and take profit level. SL and TP are based on ATR (you can change the ATR period in indicator’s settings).
The JJN-Bee Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to trade with JJN-Bee indicator?
There are two main rules for trading with the JJN-Bee indicator:
- 1. Enter the trade only if the price crosses the entry level (i.e. for example if BUY appears, wait until the price crosses the entry level upward).
- 2. Manually recognize the main trend and sell only in general downtrend and buy only in general uptrend.
How to set up the JJN-Bee indicator in MetaTrader (MT4)?
Download the JJN-Bee.rar archive at the bottom of this post, unpack it, then copy and paste the JJN-Bee.ex4 or JJN-Bee.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The JJN-Bee indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free Forex MT4 JJN-Bee Indicator
To download the JJN-Bee indicator for Metatrader 4 (MT4) for free just click the button below: