Forex Blast RSI Scalping Strategy
From the Old Kings archive: Forex Blast RSI Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is the RSI oscillator (overbought / oversold zones) and short scalping trades. In the code it works with an oscillator. It draws arrows on the chart. It has 2 settings, for example Risk (default 6) and Bar Count (default 0). 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 Blast RSI Scalping Strategy
Forex Blast RSI Scalping Strategy is an indicator for MetaTrader 4 based on Oscillator. It draws buy and sell arrows on the chart. It has 2 settings, such as Risk and Bar count. MQL source code included.
Files in the download: ASCTrend1i.ex4, ASCTrend1i.mq4, Blast RSI with asctrend.tpl, BlastRSI.tpl, Classy Blast RSI2.ex4, Forex Guide.ex4, installation manual.txt, TRADEPRO2.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Risk | 6 | Risk level. WPR_Period=3+Risk*2 or WPR_Period=ALT_PERIOD for a large move |
| Bar count | 0 | 0 for full chart buffer |
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 · RSI · Buy/Sell Arrows · Oscillator · MT4 Indicator · MQL4 Source Code