Welcome to the world of scalping! The JJN-Scalper is designed to help you pinpoint entry, take profit, and stop loss levels seamlessly. Whether you're trading on the M5 chart or higher, this tool is tailored for you.
The Take Profit and Stop Loss levels are derived from the Average True Range (ATR), which you can adjust to suit your trading style.
IMPORTANT! >>Here are 2 basic rules to keep in mind:
- 1. Only enter a trade when the price crosses the entry level. For instance, if a BUY signal appears, wait for the price to cross the entry level upwards before jumping in.
- 2. Always be aware of the overall trend: sell during a downtrend and buy during an uptrend.
Make sure to test the JJN-Scalper on a demo account first to understand how it works before going live.
Feel free to adjust the position of the indicator using PosX and PosY to find the best spot on your chart.
Keep in mind that the methodology behind this indicator differs from the JJN-Bee.
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