JJN Scalper with Non Lag MA Strategy For MT4
The JJN Scalper with Non Lag MA Strategy For MT4 is a relatively simple to understand and easy to use trading system. Forex traders might find the templates visually appealing, despite the fact that the chart might seem a bit cluttered at first.
Yet, having said that, the JJN Scalper with non-lag MA uses two different templates, one light version and the other with all the indicators in full display. Traders can opt to use either of these two templates when trading with the JJN Scalper with non-lag MA trading system.
The indicators in use are primarily the non-lag moving average indicator. Beside this, there are some custom technical indicators such as the JJN promise oscillator, the standard deviation average oscillator, and the RSI CCI combined oscillator.
The JJN Scalper with non-lag MA trading system also comes with an additional assistance of display when it is time to buy or sell. Thus, traders who are very new to trading might find this feature very handy. Of course, it would be recommended that you do not get accustomed to this kind of trading because you will end up not learning anything about the markets or how to trade forex by yourself.
Due to the different indicators involved, you can easily customize the JJN Scalper with non-lag MA and perhaps even be able to create your own trading rules.
JJN Scalper with non-lag MA system – Long positions
In order to take a long position using the JJN Scalper with non-lag MA trading strategy, we first need to have a few conditions met. This begins with the JJN promise oscillator. We need to see a bullish crossover on this oscillator. This suggests that the trend is moving up.
Following this, pay attention to the average standard deviation indicator which is the next. This will tell you how volatile the currency pair is for the session in question. Ideally, we want a low volatile set up so it allows you to set your entry and stop loss. But of course, after this, a rising standard deviation is preferable as it can enable you to book profits and close out your trade quickly.
So one the JJN promise and the average standard deviation oscillators are synced up, look to the price chart. We need to see a low forming on the chart. Following this, wait for the next session to open up. This will enable you to then place your long order.
Set your stop loss to the recent pivot low. In the above chart you can see that a few candlesticks away from the entry point, there is a pivot low that is formed. With the entry and stop loss available you can now set your take profit levels with a desired risk to reward set up.
Another way to book profits is to simply keep an eye on the JJN promise oscillator. You can begin to close out your position if you see a bearish cross over. This method is ideally suited when the markets are in a strong trend. Otherwise, you might end up giving up all the gains that you made earlier on.
If it is of any help, the trend strength indicator that you see on the top right corner can also help. When taking long positions, we want this to show more green bars. However, as you can see in the above example, we have quit a few yellow bars. This is perfectly acceptable.
JJN Scalper with non-lag MA system – Short positions
The short position set up is also similar, meaning that we need to wait for a number of indicators to line up before we can take a short position. To do this, start with the JJN promise oscillator. We need to see a bearish crossover happening. This will be your first alert to start looking for a short position.
Then look to the next indicator which is the average standard deviation indicator. This will enable you to find an entry where there is low volatility. Once you identify the candlestick of your choice, place a short entry on the low.
Look to the left side of your chart to find a recent high point and set your stop loss a few points above this level. Then, after your trade is set up, you can have a take profit level that is at least three times your risk.
In some instances, it also helps to look at the trend strength indicator located on the right side of your chart. Ideally, when you are taking a short position, you should be looking at more number of red bars on this indicator. But such conditions do not occur all the time.
Allow yourself a bit of subjectivity when using the JJN Scalper with non-lag MA trading system and you can find more trading signals based on this method. Note that the buy and sell alerts you get can at times be misleading. Therefore do not base your trading decisions solely on this aspect alone.
Is the JJN Scalper with Non Lag MA Strategy For MT4 good for trading?
As you can see from the buy and sell examples above, the JJN Scalper with non-lag MA is quite simple to understand and use. It does work well, but only on smaller time frames. Therefore, if you are a swing trader, chances are that this trading system might not be suited for you.
Despite the number of indicators involved, we particularly like the idea that the price chart is not very cluttered. Therefore, price action traders will find this very appealing to trade. And if you are annoyed with the additional display indicators, you can simply switch to the light version of the template.
This is highly recommended if you really want to learn how to trade. The light version does not give you any trading assistance. So, it is basically up to you on how you want to trade using the JJN Scalper with non-lag MA trading system.
The simplicity of this method and the fact that there are just a few conditions required in order to be able to trade makes the JJN Scalper with non-lag MA an easy to use trading system even for absolute beginners. Of course, it makes sense to try to understand the different indicators that are involved in this trading system.
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