About the JJN Scalper ATR Indicator
The JJN Scalper ATR Indicator for MT4 is a scalping-focused tool that provides clear buy and sell entry levels directly on the chart.
It uses the Average True Range (ATR) to determine optimal trade levels, helping traders capture small, high-probability market moves.
The indicator displays two entry lines on the main MT4 chart: green for buy entries and red for sell entries.
The current signal is also shown in the upper-left corner of the screen for easy reference.
This makes it simple to know exactly when and at what price to enter a trade.
It is suitable for all currency pairs and lower timeframes, making it ideal for scalpers and intraday traders looking for fast, actionable signals.
Free Download
Download the “JJN Scalper ATR.mq4” indicator for MT4
Key Features
- Provides precise buy (green) and sell (red) entry levels
- Displays the current signal in the upper-left corner
- Works on all currency pairs and lower timeframes
- Helps capture small, high-probability market moves
- Scalping-focused with clear visual cues
Indicator Chart
The chart shows the JJN Scalper ATR Indicator applied to an MT4 price chart.
Green lines mark buy entry levels, and red lines mark sell entry levels.
The upper-left signal display provides a quick reference for the current recommended trade direction.
Guide to Trade with the JJN Scalper ATR Indicator
Buy Rules
- Open a buy trade at the suggested green entry line
- Focus on active trading sessions for better signals
Sell Rules
- Open a sell trade at the suggested red entry line
- Prefer signals during liquid market sessions
Stop Loss
- Place the stop loss slightly below the green buy entry line for long trades
- Place the stop loss slightly above the red sell entry line for short trades
Take Profit
- Aim for 8–20 pips profit per trade
- Exit early if an opposite entry signal appears
Practical Tips
- Use the indicator during active forex sessions for best results
- Combine with trend or support/resistance levels for higher accuracy
- Focus on highly liquid currency pairs for scalping
- Follow signals as a guide and manage trades actively for optimal results
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.
Download Now
Download the “JJN Scalper ATR.mq4” indicator for Metatrader 4
FAQ
Which timeframes are best for the JJN Scalper ATR?
It works best on lower timeframes such as M1, M5, and M15, where scalping opportunities are more frequent.
It can also be used on higher timeframes for intraday setups.
Do the entry lines change after they appear?
No. The green and red entry lines are fixed once displayed, giving a reliable reference for trade entries.
How should I set the take profit?
Target 8–20 pips per trade, adjusting slightly depending on volatility and market conditions.
Summary
The JJN Scalper ATR Indicator for MT4 provides clear and precise buy and sell entry levels for scalping trades.
Its green and red lines, along with the signal display, make trade execution fast and simple.
This indicator is suitable for all currency pairs and lower timeframes.
Traders can use it for quick scalping opportunities while managing risk with small stop losses.
Combining it with trend analysis or support/resistance levels can further improve accuracy.
Overall, the JJN Scalper ATR is a practical and user-friendly tool for traders seeking fast, high-probability entries.
It reduces guesswork and helps execute scalping strategies efficiently and confidently.
