Forex 50 Pips Daily Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex 50 Pips Daily Scalping Strategy. As the name suggests, the idea behind it is short scalping trades. It has 2 settings, for example Pivot Set (default PIVOTSET_DAILY) and Day Start Hour (default 9). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 50 Pips Daily Scalping Strategy
Forex 50 Pips Daily Scalping Strategy is an indicator for MetaTrader 4. It has 2 settings, such as Pivot set and Day start hour. MQL source code included.
Files in the download: 3.ex4, 4.ex4, 5.ex4, 50 pips daily scalping.tpl, 6.ex4, 7.ex4, KAZi_MA.ex4, KAZi_Trend.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Pivot set | PIVOTSET_DAILY | |
| Day start hour | 9 | Metaquotes is +2 GMT |
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 · MT4 Indicator · MQL4 Source Code