BB Stop JMA - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
The well-known BB Stops (Bollinger Bands Stop) indicator has some content added and is further adapted for use with MetaTrader 5.
In this version, JMA (Jurik Moving Average) is used for calculations.
There are two main ways to use BB stop loss:
In either case, the "direction" of the current market estimate is shown, and in this version the target value (when the "direction" will change) is shown to aid decision-making.
Attachment download
📎bb_stops_jma.mq5 (17.83 KB)
Source: MQL5 #21761
BB Stop JMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
BB Stop JMA - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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