Forex Action B Bstop Scalping Strategy
Forex Action B Bstop Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around short scalping trades. Its source code uses the Stochastic oscillator, moving averages and Bollinger Bands. It draws arrows on the chart, can send alerts and can read another timeframe. It has 36 settings, for example Kperiod (default 5), Dperiod (default 3) and Slowing (default 3). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 22 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 Action B Bstop Scalping Strategy
Forex Action B Bstop Scalping Strategy is an indicator for MetaTrader 4 based on Stochastic, Moving Average and Bollinger Bands. 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 36 settings, such as Kperiod, Dperiod and Slowing. MQL source code included.
Files in the download: #Signal_Bars_v6.ex4, All Stochastic.ex4, All Stochastic.mq4, AnggrekJingga.ex4, AnggrekJingga.mq4, BBand Stop Alert.ex4, BBand Stop Alert.mq4, Cleon Heiken Ashi.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Kperiod | 5 | Period or timeframe used by the calculation |
| Dperiod | 3 | Period or timeframe used by the calculation |
| Slowing | 3 | |
| Ma method | 0 | |
| Price field | 0 | |
| Show higher timeframes | true | Period or timeframe used by the calculation |
| Bars per time frame | 35 | Period or timeframe used by the calculation |
| Shift right | False | Bar shift (0 = current bar) |
| Txt color | Silver | Colour on the chart |
| Separator color | DimGray | Colour on the chart |
| Num bars | 500 | |
| Enable alerts | 1 | Turn this alert on or off |
| Length | 8 | Bollinger Bands Period |
| Deviation | 1 | Deviation was 2 |
| Money risk | 1.00 | Offset Factor |
| Signal | 1 | Display signals mode: 1-Signals & Stops; 0-only Stops; 2-only Signals; |
| Line | 1 | Display line mode: 0-no,1-yes |
| Nbars | 1000 | |
| Sound on | true | Turn this alert on or off |
| Crash | false | |
| Time frame | 0 | Period or timeframe used by the calculation |
| Method | 3 | |
| Smoothing | 1 | |
| Filter | 5 | |
| Real time | true | |
| Steady | false | |
| Color | true | Colour on the chart |
| Alerts | true | Turn this alert on or off |
| Email on | false | Turn this alert on or off |
| Signal price | true | |
| Signal price buy | Yellow | |
| Signal price sell | Aqua | |
| Count bars | 1485 | |
| Barn | 300 | |
| Sound alert mode | 1 | Turn this alert on or off |
| Targets | true |
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) · Stochastic · Moving Average · Bollinger Bands · MT4 Indicator · MQL4 Source Code