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Advanced Stochastic Scalper Free for MT5 is also an expert index based on the famous Stochastic Oscillator indicator.

this product is an oscillator with dynamic levels of overbought and oversold, the normal Stochastic Oscillator these levels are static and never change. This allows Advanced Stochastic Scalper Free to adapt to an ever-changing market.

When a buy or sell signal appears, an arrow is drawn on the chart and an alarm appears, which allows you to start a place in a timely way and not sit constantly at the computer monitor.

Advanced Stochastic Scalper Free is a demonstration version, it merely works on the USDCAD currency pair. The unlimited version can be purchased here:

https://www.mql5.com/ru/market/product/30312

Advanced Stochastic Scalper Free is a demonstration version, it merely works on the USDCAD currency pair. The unlimited version can be purchased here:

https://www.mql5.com/ru/market/product/30312

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  • The indicator is suitable for scalping and intraday trading.
  • It is possible to evaluate the effectiveness of the indicator on the history.
  • There is no redrawing (recalculation) of the indicator, the signal is sent strictly at the “closing of the bar”.
  • It can be used as an independent tool, or in conjunction with other indicators.
  • Notification system for email and mobile phone when the indicator signal appears.
  • Ability to customize the color design of the indicator.

Buy signal: the indicator line crosses the oversold level from the bottom up. If there are open positions for sale, they need to be closed. See screenshot # 2.

Sell signal: the overbought level is crossed by the indicator line from top to bottom. If there are open buy positions, they need to be closed. See screenshot # 3.

There are situations when there are several signals in one direction going after each other, in this case you need to open another position in the same direction without closing the previous one. See screenshot # 4.

Closing several positions is necessary only when a signal appears in the opposite direction.

  • K-Stochastic setting. Period for calculating the % K stochastic line.
  • D-Stochastic setting. Averaging period for calculating the %D line.
  • Slowing – setting the Stochastic. The value of slowing down.
  • Method – method for calculating the moving average. You can choose one of these values: 1-Simple, 2-Exponential, 3-Smoothed, 4-Linearly weighted.
  • Line Mode ‚Äď the line that will participate in the construction of the indicator: MAIN or SIGNAL.
  • Alert – enable or disable the Alert. If true-enabled, false-disabled.
  • Email enables or disables sending messages to email. If true-enabled, false-disabled.
  • Push enables or disables sending messages to your mobile phone. If true-enabled, false-disabled.
  • Arrow size – the size of the arrows on the chart (from 1 to 7).
  • Buy – the color of the arrows to buy.
  • Sell – color of the arrows for sale.

If you have any questions or suggestions about the product, you can contact me via Profile: https://www.mql5.com/ru/users/genino

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Published

21 October 2018

Updated

20 July 2020

Current Version

9.0

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Valentin Butorin January 5, 2021 1:18 am
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sunnychow January 5, 2021 1:12 am
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Thanks for share

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