Forex Best Pips Reaper Scalping Strategy
Forex Best Pips Reaper 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 MACD, RSI, the Stochastic oscillator and moving averages. It draws arrows on the chart and can send alerts. It has 28 settings, for example P (default 38), P2 (default 14) and P3 (default 39). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 12 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 Best Pips Reaper Scalping Strategy
Forex Best Pips Reaper Scalping Strategy is an indicator for MetaTrader 4 based on MACD, RSI, Stochastic and Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 28 settings, such as P, P2 and P3. MQL source code included.
Files in the download: #Pallada_Entry.mq4, #SpudFibo.ex4, 10 pips a trade.tpl, Awesome-2.ex4, Awesome-2.mq4, installation manual.txt, iPanel_Trend.ex4, iPanel_Trend.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| P | 38 | |
| P2 | 14 | |
| P3 | 39 | |
| P4 | 33 | |
| Draw bars | -1 | |
| Email on | TRUE | Turn this alert on or off |
| Sound on | TRUE | Turn this alert on or off |
| Alert on | TRUE | Turn this alert on or off |
| Alert repeat | 3 | Turn this alert on or off |
| End less repeat | FALSE | |
| Sound file | Alert | Turn this alert on or off |
| Count bars | 500 | |
| Mode ma | 0 | |
| Price | 4 | |
| Width | 2 | |
| Show signal | false | |
| Corner settings | === 0 bis 3 fr jeweilige Ecke === | |
| Corner | 1 | |
| X trend | 0 | |
| Y trend | 140 | |
| Pivot set | PIVOTSET_DAILY | |
| Day start hour | 9 | Metaquotes is +2 GMT |
| Renko box size | 3.0 | |
| Renko box offset | 0 | |
| Renko time frame | 7 | Offline Timeframe |
| Show wicks | false | |
| Emulate on line chart | true | |
| Strange symbol name | false |
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 · MACD · RSI · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code