Forex Advanced EMA Scalping Strategy
Forex Advanced EMA Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to moving averages and short scalping trades. Its source code uses moving averages and an oscillator. It draws arrows on the chart and can send alerts. It has 32 settings, for example RISK (default 3), Count Bars (default 300) and Depth (default 12). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 5 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 Advanced EMA Scalping Strategy
Forex Advanced EMA Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and Oscillator. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 32 settings, such as RISK, Count bars and Depth. MQL source code included.
Files in the download: 4x FreewayTrendsignal.mq4, 4xfreewayZigZag.mq4, advanced ema.tpl, Freeway Heiken.mq4, highway H1.mq4, installation manual.txt, NonLagMA_v7.1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| RISK | 3 | Risk per trade (percent of balance) |
| Count bars | 300 | |
| Depth | 12 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
| Color1 | Red | Colour on the chart |
| Color2 | White | Colour on the chart |
| Color3 | Red | Colour on the chart |
| Color4 | White | Colour on the chart |
| Local time zone | 0 | |
| Dest time zone | 0 | |
| Line style | 2 | |
| Line thickness | 1 | |
| Show comment | false | Comment written on the orders |
| Show high low open | false | |
| Show sweet spots | false | |
| Show pivots | true | |
| Show mid pitvot | true | |
| Show fibos | false | |
| Show camarilla | false | |
| Show level prices | true | |
| Bar for labels | 10 | number of bars from right, where lines labels will be shown |
| Debug logger | false | |
| Price | 0 | Apply to Price(0-Close;1-Open;2-High;3-Low;4-Median price;5-Typical price;6-Weighted Close) |
| Length | 4 | Period of NonLagMA |
| Displace | 0 | DispLace or Shift |
| Pct filter | 0 | Dynamic filter in decimal |
| Color | 1 | Switch of Color mode (1-color) |
| Color bar back | 1 | Bar back for color mode |
| Deviation | 0 | Up/down deviation |
| Alert mode | 1 | Sound Alert switch (0-off,1-on) |
| Warning mode | 1 | Sound Warning switch(0-off,1-on) |
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 · Oscillator · MT4 Indicator · MQL4 Source Code