The BB Stops JMA Forex indicator for Metatrader 5 takes advantage of the various buy & sell trends that frequently occur in the currency market.
It’s composed of the immense popular Bollinger Bands and JMA technical indicators.
JMA stands for Jurik Moving Average.
The indicator should work equally well for any time frame and currency pair of your preference.
How to trade with the BB Stops JMA indicator?
- The blue colored line indicates an uptrend.
- The brown colored line indicates a downtrend.
The following indicator inputs and parameters can be modified: Bollinger bands period, price, deviations period, deviation, deviation same correction.
The London and New York trading sessions will work the best for this indicator when applied to the M1, M5, and M15 trading charts.
It works for Forex, Stocks, Indices, Gold, Bitcoin, etc.
Make yourself familiar with this technical indicator and test it first on a demo account for an extended period.
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BB stops JMA.mq5 Indicator (MT5)
Chart Example
The following chart shows how the BB Stops JMA indicator looks when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The BB Stops JMA Forex Signal Indicator?
Find a simple trading example below:
Buy Signal
- The appearance of the blue colored BB Stops JMA line is a buy signal.
- Initiate a long trade and place the initial stop loss below the blue colored line.
- Exit the buy trade for a fixed profit target or wait for a sell signal.
Sell Signal
- The appearance of the brown colored BB Stops JMA line is a sell signal.
- Initiate a short trade and place the initial stop loss above the brown colored line.
- Exit the sell trade for a fixed profit target or wait for a buy signal.
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BB stops JMA.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the BB stops JMA.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration