Forex BB Keltner Scalping Strategy
From the Old Kings archive: Forex BB Keltner Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is Keltner channels and short scalping trades. In the code it works with moving averages and ATR. It has 9 settings, for example MA PERIOD (default 20), MA MODE (default 0) and PRICE MODE (default 5). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 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 BB Keltner Scalping Strategy
Forex BB Keltner Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. It has 9 settings, such as Ma period, Ma mode and Price mode. MQL source code included.
Files in the download: bb keltener trend.tpl, installation manual.txt, KeltnerChannel_v1.mq4, MACD 2005 - David W Thomas.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 20 | Period or timeframe used by the calculation |
| Ma mode | 0 | |
| Price mode | 5 | |
| Atr period | 10 | Period or timeframe used by the calculation |
| K | 2.0 | |
| Atr mode | false | |
| Fast ma period | 12 | Period or timeframe used by the calculation |
| Slow ma period | 26 | Period or timeframe used by the calculation |
| Signal ma period | 9 | Period or timeframe used by the calculation |
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 · Channels & Envelopes · Moving Average · ATR · MT4 Indicator · MQL4 Source Code