Forex 15min Method Scalping Strategy
From the Old Kings archive: Forex 15min Method Scalping Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around short scalping trades. In the code it works with moving averages, Parabolic SAR and an oscillator. It draws arrows on the chart, can send alerts and can read another timeframe. It has 20 settings, for example RISK (default 4), All Bars (default 250) and gamma (default 0.25). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 9 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex 15min Method Scalping Strategy
Forex 15min Method Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average, Parabolic SAR and Oscillator. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 20 settings, such as RISK, All bars and Gamma. MQL source code included.
Files in the download: ##PerkyAsctrend1.mq4, #Laguerre.mq4, #MTF_PSar.mq4, #SHI_Channel_Fast.mq4, #SHI_Channel_trueRed.mq4, #SnakeForce.mq4, #TrendStrength.mq4, 15mincycler.tpl ….
Settings
| Setting | Default | What it does |
|---|---|---|
| RISK | 4 | Risk per trade (percent of balance) |
| All bars | 250 | |
| Gamma | 0.25 | |
| Count bars | 250 | |
| Time frame | 0 | Period or timeframe used by the calculation |
| Step | 0.02 | Distance between orders |
| Maximum | 0.2 | |
| Bars for fract | 13 | |
| C period | 24 | Period or timeframe used by the calculation |
| Show bars | 200 | |
| Lev dp | 3 | |
| Q steps | 1 | Distance between orders |
| Back step | 0 | Distance between orders |
| Start bar | 0 | |
| Trend line | true | |
| Horizont line | true | |
| Channel line | true | |
| Take lines | true | |
| Comments | true | Comment written on the orders |
| Trend | 0 | 1 = UpTrendLines, -1 = DownTrendLines, 0 = TrendLines |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Scalping · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · Parabolic SAR · Oscillator · MT4 Indicator · MQL4 Source Code