The JMA Slope Scalper indicator for Metatrader 4 provides accurate trade entry and exit signals for scalpers and day traders alike.
The indicator appears as a colored trend histogram in a separate MT4 chart window.
Buy & Sell Trade Example
- Purchase the pair when the first yellow colored trend bar (above the 0.00 level) gets displayed on the chart.
- Sell the pair when the first red colored trend bar (below the 0.00 level) gets displayed on the chart.
- Aim for 8-20 pips profit per trade or wait for an opposite trading signal.
The JMA Slope Scalper indicator can be used for both trade entry and exit, or as an additional trend filter for other strategies and systems.
For scalping purposes, the indicator performs best during the London and New York trading sessions.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “JMASlope.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The example chart below displays the JMA Slope Scalper mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the JMA Slope Scalper indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Scalper
Does the indicator repaint? No.
JMA Slope Scalper + Coppock MT4 Scalping Strategy
This scalping strategy combines the JMA Slope Scalper Forex Indicator for MT4 and the Coppock Forex Indicator for MT4.
The JMA Slope Scalper shows trend direction with colored histogram bars: yellow indicates a bullish trend, red indicates a bearish trend.
The Coppock indicator provides additional confirmation with its histogram: bars above zero signal buys, bars below zero signal sells.
Using both together helps traders scalp quick intraday moves in the direction of the confirmed trend.
This strategy is ideal for M1 and M5 charts, making it suitable for scalpers looking for fast and precise entries.
Major and minor currency pairs can be used depending on volatility and spread, providing flexibility across different market conditions.
Buy Entry Rules
- Confirm that the JMA Slope Scalper histogram bars are yellow, indicating a bullish trend.
- Ensure the Coppock histogram is above zero, confirming bullish momentum.
- Enter a buy trade at the close of the confirming candle.
- Stop Loss: place below the recent swing low or 5–10 pips below the entry.
- Take Profit: target 8–15 pips, or exit when either the JMA Slope turns red or Coppock crosses below zero.
Sell Entry Rules
- Confirm that the JMA Slope Scalper histogram bars are red, indicating a bearish trend.
- Ensure the Coppock histogram is below zero, confirming bearish momentum.
- Enter a sell trade at the close of the confirming candle.
- Stop Loss: place above the recent swing high or 5–10 pips above the entry.
- Take Profit: target 8–15 pips, or exit when either the JMA Slope turns yellow or Coppock crosses above zero.
Advantages
- Combines trend and momentum confirmation for higher-probability scalping entries.
- Visual indicators are easy to read and apply on fast timeframes.
- Works on multiple currency pairs and flexible intraday conditions.
- Reduces false entries by waiting for dual confirmation of trend and momentum.
Drawbacks
- Signals can lag slightly during sharp reversals or news events.
- Scalping requires constant attention and fast execution.
Example Case Study 1 — AUDUSD, M1
During the Asia session, the JMA Slope Scalper histogram turned yellow, indicating a bullish trend.
The Coppock indicator also showed bars above zero.
A buy trade was entered at 0.6680 with a stop loss at 0.6672 and a take profit at 0.6692.
Price moved upward quickly, reaching the target within 12 minutes for a +12 pip gain.
Example Case Study 2 — USDCHF, M5
In the London session, the JMA Slope Scalper histogram turned red, confirming a bearish trend.
The Coppock histogram was below zero, signaling a sell.
A short trade was entered at 0.9050 with a stop loss at 0.9058 and a take profit at 0.9038.
Price dropped as expected and reached the target within 20 minutes, producing +12 pips.
Strategy Tips
- Trade during active sessions for better volatility and tighter spreads.
- Only enter trades when both indicators align for trend and momentum confirmation.
- Keep position sizes small to manage risk during fast scalping sessions.
- Exit immediately if either indicator flips against your trade.
- Backtest the strategy on different pairs to fine-tune stop-loss and take-profit levels.
Combining the JMA Slope Scalper with the Coppock Indicator provides a disciplined, fast-paced scalping approach.
By waiting for both trend and momentum confirmation, traders can enter high-probability intraday trades with defined risk and profit targets.
