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Indicators: SupportResistance.ex4, smMagnified Market Price.ex4, PipKey.ex4, JJN-Scalper.mq4, JJN-Promise.mq4, JJN-Nugget.mq4, JJN-Fibo.mq4, JJN-Bee.mq4, Ind-StDev-AVG.mq4, Ind-GG01-101.mq4, i-CAi.ex4, GG-TrendBar.mq4, GG-RSI-CCI.mq4, GG-RiverFlow.mq4 (Unlocked for MT4 Build 1420+), Template: JJNewark.tpl, NO MANUAL.
JJN Scalper System — Simple Yet Powerful Forex Scalping Strategy
Overview:
The JJN Scalper System is a forex trading strategy designed for scalping on short timeframes like 1-minute or 5-minute charts. Though it may seem complex due to the multiple indicators used, it’s actually straightforward and easy to follow once understood. This system emphasizes disciplined, emotion-free trading combined with strong risk management and market awareness.
Key Points to Remember for Scalping:
Trade low-spread currency pairs to minimize costs.
Focus on the highly volatile overlapping London-New York session.
Maintain a strict risk-to-reward ratio to avoid prolonged losses or premature profits.
Emotional control and discipline are essential for success.
Indicators Used in the JJN Scalper System:
Market Trend Indicator:
Green box = Bullish market
Red box = Bearish market
Yellow box = Neutral market
Buy/Sell/Wait Signal Indicator:
Provides trade signals directly on the chart.
Entry Arrows:
Green arrows indicate buy signals.
Red arrows indicate sell signals.
JJN Promise Oscillator:
A momentum oscillator fluctuating between -0.0073 and 0.0067.
Histogram:
Measures strength of price movements; higher bars indicate stronger momentum.
CCI Filter:
Simplifies market direction; color-coded for easy interpretation.
CG Filter:
Small dots at the chart bottom that act as additional market condition filters.
Buying Conditions:
Price crosses above the orange moving average.
JJN Promise Oscillator is above zero.
Histogram shows an uptrend.
CCI Filter is green.
CG Filter is green.
A green arrow appears on the chart.
5-minute Market Trend Indicator shows a green box.
Buy/Sell/Wait Signal shows Buy.
Place stop-loss just below recent swing low.
Take profits when a red arrow appears on the chart.
Selling Conditions:
Price crosses below the orange moving average.
JJN Promise Oscillator is below zero.
Histogram shows an uptrend (momentum in the downward move).
CCI Filter is red.
CG Filter is golden.
A red arrow appears on the chart.
5-minute Market Trend Indicator shows a red box.
Buy/Sell/Wait Signal shows Sell.
Place stop-loss just above recent swing high.
Take profits when a green arrow appears on the chart.