Forex ATR Stop Scalping Strategy
Forex ATR Stop Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to ATR volatility and short scalping trades. Its source code uses moving averages and ATR. It draws arrows on the chart and can send alerts. It has 19 settings, for example bol Prd (default 20), bol Dev (default 2.0) and kelt Prd (default 20). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 8 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 ATR Stop Scalping Strategy
Forex ATR Stop Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 19 settings, such as Bol prd, Bol dev and Kelt prd. MQL source code included.
Files in the download: ATR stop and reversal professional.tpl, bbsqueeze.ex4, bbsqueeze.mq4, HPT - ATR Trend.ex4, HPT - ATR Trend.mq4, installation manual.txt, Key Levels.ex4, Key Levels.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Bol prd | 20 | |
| Bol dev | 2.0 | |
| Kelt prd | 20 | |
| Kelt factor | 1.5 | |
| Mom prd | 12 | |
| Mode | 0 | |
| Delta price | 0.003 | |
| Multiplier | 2 | How much the lot size grows after a loss |
| Atr length | 10 | |
| Alert me | true | Turn this alert on or off |
| Show risk | true | Risk per trade (percent of balance) |
| Show arrow | true | |
| H | --- Mode_Settings --- | |
| Show 00 50 levels | true | |
| Show 20 80 levels | true | |
| Level 00 color | Lime | Colour on the chart |
| Level 50 color | Gray | Colour on the chart |
| Level 20 color | Red | Colour on the chart |
| Level 80 color | Green | Colour on the chart |
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 · ATR · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code