Introduction to the JJN Scalper Forex Indicator
The JJN Scalper Indicator is a scalping system that shows the entry, take profit and stop loss levels. There are two basic rule for trading with the JJN Scalper indicator:
- 1. Open trade only when the price crosses the entry level (i.e. for example if BUY appears, wait until the price crosses the entry level upward)
- 2. Recognize the general trend and sell only in an overall downtrend, and buy only in overall uptrend
The JJN Scalper Indicator fits all kinds of timeframes (use M5 or above) 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.
Example trade with the JJN Scalper Indicator
Below is the screenshot of an example trade with the JJN Scalper Indicator.
How to set up the JJN Scalper Forex Indicator in MetaTrader (MT4)?
Download the JJN Scalper.rar archive at the bottom of this post, unpack it, then copy and paste the JJN Scalper.ex4 or JJN Scalper.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 Scalper 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 Scalper Indicator
To download the JJN Scalper Indicator for Metatrader 4 (MT4) for free just click the button below: