The indicator is suitable for scalping and intraday trading.
It is possible to evaluate the effectiveness of the indicator on history.
The indicator does not redraw (recalculate), signals are generated strictly on the “Close of the bar”.
It can be used as a standalone tool or together with other indicators.
System of notifications to email and mobile device on new indicator signals.
Ability to customize the color scheme of the indicator.
Recommendations on using Advanced Stochastic Scalper MT5
Buy signal: the indicator line crossing the oversold level upwards. If there are open sell positions, they should be closed. See screenshot #2.
Sell signal: the indicator line crossing the overbought level downwards. If there are open buy positions, they should be closed. See screenshot #3.
There may be situations with several consecutive signals in the same direction. In this case, open an additional position in the same direction without closing the previous one. See screenshot #4.
Several positions are to be closed only when an opposite signal appears.