Forex 5min EMA Scalping Strategy
From the Old Kings archive: Forex 5min EMA Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is moving averages and short scalping trades. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 3 settings, for example Faster EMA (default 4), Slower EMA (default 8) and Sound ON (default true). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file 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 5min EMA Scalping Strategy
Forex 5min EMA Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 3 settings, such as Faster ema, Slower ema and Sound on. MQL source code included.
Files in the download: 5 min trade 1.0.tpl, EMA Crossover Signal.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Faster ema | 4 | |
| Slower ema | 8 | |
| Sound on | true | Turn this alert on or off |
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 · Moving Average · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code