The JJN Scalper ATR indicator for Metatrader 4 delivers precise buy & sell entry price trade levels for scalping purposes.
The indicator pops up in the main MT4 chart window in the form of two trade entry lines (green and red) and displays the actual signal in the upper left part of the screen.
Buying and selling pairs is utterly simple with this indicator.
Buy & Sell Trade Example
- Open a buy scalper trade at the suggested buy entry price.
- Open a sell scalper trade at the suggested sell entry price.
- Aim for 8-20 pips profit per trade.
The JJN Scalper ATR indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
For scalping, 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 “JJN Scalper ATR.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The example chart below displays the JJN Scalper ATR 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 JJN Scalper ATR 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.
JJN Scalper ATR + ZWinner Trend MT4 Intraday Strategy
The combination of the JJN Scalper ATR Forex Indicator for MT4 and the ZWinner Trend Forex Indicator for MT4 creates a highly efficient intraday trading setup designed for traders who prefer clarity and precision in their signals.
The JJN Scalper ATR indicator provides direct buy and sell alerts in the top-left corner of the chart.
In contrast, the ZWinner Trend indicator shows the prevailing market direction through a colored histogram — green for bullish trends and red for bearish trends.
This strategy focuses on aligning the Scalper signals with the dominant trend from the ZWinner histogram.
By waiting for both tools to agree, traders can filter out false signals and trade only in the direction of the strongest intraday momentum.
It is best applied to the M5 and M15 timeframes, making it suitable for scalpers and day traders who want consistent and actionable entries throughout the trading day.
Buy Entry Rules
- Wait for the ZWinner Trend histogram to turn green, confirming a bullish trend.
- Check the JJN Scalper ATR panel in the upper left corner; a “BUY” signal should be active.
- Enter a buy position once both conditions align and the current candle closes above the recent short-term resistance.
- Place a stop loss just below the most recent swing low, typically 10–20 pips depending on volatility.
- Set a take profit target between 20–40 pips, or close the trade when the histogram turns red.
Sell Entry Rules
- Wait for the ZWinner Trend histogram to turn red, confirming a bearish trend.
- Check the JJN Scalper ATR panel; a “SELL” signal should be active.
- Enter a sell position once both signals align and the current candle closes below recent support.
- Place a stop loss just above the recent swing high, around 10–20 pips away.
- Set a take profit target between 20–40 pips, or exit when the histogram switches to green.
Advantages
- Simple visual setup with clear buy and sell signals.
- Works effectively during major sessions, such as those in London and New York.
- Combines momentum confirmation with signal precision.
- Ideal for short-term scalpers who trade multiple times per day.
- Can be adapted to different currency pairs and volatility levels.
Drawbacks
- Signals may appear late during strong reversals.
- Performance can drop in choppy, sideways markets.
- Requires active monitoring and quick reaction times.
- Not recommended for higher timeframes or swing trading.
Example Case Study 1
On EUR/USD M15 during the London session, the ZWinner histogram turned green at 09:15 GMT, showing fresh bullish strength.
The JJN Scalper ATR indicator displayed a “BUY” signal at the same time.
A buy order placed at 1.0840 with a stop loss at 1.0822 and a take profit at 1.0878 produced a gain of +38 pips within 90 minutes as the bullish momentum continued.
Example Case Study 2
During the New York session on GBP/USD M5, the histogram switched to red at 14:05 GMT, confirming a downtrend.
The JJN Scalper ATR panel showed a “SELL” signal simultaneously.
A short entry at 1.2650 with a stop loss at 1.2670 and take profit at 1.2615 delivered +35 pips as the price declined rapidly over the next 40 minutes.
Strategy Tips
- Focus on active trading hours to maximize movement and signal accuracy.
- Avoid trading during low liquidity periods or before major news releases.
- Use trailing stops to lock in profits during strong trends.
- Monitor histogram color closely — it’s the best sign of a potential exit or reversal.
- Keep your risk per trade small, around 1–2% of your account balance.
This intraday setup works best when traders patiently wait for signal confirmation from both indicators.
The JJN Scalper ATR provides precision timing, while the ZWinner Trend filter ensures trades are taken in the right direction.
Together, they deliver a structured and disciplined scalping approach that captures short but consistent intraday price movements.
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Download the “JJN Scalper ATR.mq4” indicator for Metatrader 4
