Forex Ape Momentum Scalping Strategy
Forex Ape Momentum Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around price momentum and short scalping trades. Its source code uses RSI. It draws arrows on the chart, can send alerts and can read another timeframe. It has 10 settings, for example RSIPeriod (default 7), Price Type (default 1) and time Frame (default Current time frame). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 6 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 Ape Momentum Scalping Strategy
Forex Ape Momentum Scalping Strategy is an indicator for MetaTrader 4 based on RSI. 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 10 settings, such as Rsi period, Price type and Time frame. MQL source code included.
Files in the download: 100pipstodayscalper.ex4, BetterVolume 1.5a Alerts mod.ex4, candlestick.ex4, Color RSI with allert.ex4, Color RSI with allert.mq4, QQE_Alert_MTF_v5.ex4, installation manual.txt, Apelsin.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 7 | Period or timeframe used by the calculation |
| Price type | 1 | |
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Over bought | 50 | |
| Over sold | 50 | |
| Show arrows | false | |
| Alerts on | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | 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 · Momentum · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · RSI · MT4 Indicator · MQL4 Source Code