JJN Scalper Indicator

JJN Scalper Indicator

JJN Scalper Indicator For MT4 automatically identifies Doji, bullish and bearish candlesticks on price chart to provide buy and sell forex trading signals.

The JJN scalper indicator for MT4 identifies the Doji candle, bullish and bearish candlesticks to provide buy and sell forex trading signals. Furthermore, it displays a stop loss and take profit level using the ATR values. As a result, forex traders can use this as a standalone indicator and trade profitably.

The indicator is easy to use and is suitable for new and advanced forex traders. However, advanced forex traders can use other technical indicators to identify the trend and use them as a trend filter. Though this indicator signals work well in all chart time frames, the trading signals of higher time frames provide better results.

JJN Scalper Indicator For MT4 Trading Signals

The indicator plots the take profit and stop loss price level on the price chart. Additionally, it mentions the trade direction and the condition to place the order. In a sell trade signal it mentions sell under a certain price level, similarly in a buy signal the trigger is above a price level. So, traders should only enter the market if price breaches these levels and not merely at the display of a trade recommendation.

Since the indicator provides a trade signal and an entry condition with a stop loss and profit level. So, it is easy for traders to follow along. However, it is highly recommended that traders should trade in the trend direction and ignore the trading signals against the trend.

Conclusion
In summary, the JJN scalper indicator for MT4 automatically identifies the Doji, bullish and bearish candles. It provides buy and sell forex trading signals with stop loss and take profit levels.