Forex Boss Breakout Scalping Strategy
Forex Boss Breakout Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is short scalping trades and breakouts from a range. Its source code uses moving averages. It draws arrows on the chart and can send alerts. It has 11 settings, for example MA Period (default 50), MA Type (default 1) and MA Applied (default PRICE_CLOSE). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 3 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 Boss Breakout Scalping Strategy
Forex Boss Breakout Scalping Strategy is an indicator for MetaTrader 4 based on 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 11 settings, such as Ma period, Ma type and Ma applied. MQL source code included.
Files in the download: ant-GUBreakout_V.0.4.1.ex4, boss v2 clean.tpl, Color_ma_BDv09_02_20.mq4, installation manual.txt, Parabolic3par.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 50 | Period or timeframe used by the calculation |
| Ma type | 1 | |
| Ma applied | PRICE_CLOSE | |
| T3 ma volume factor | 0.8 | |
| Jma phase | 0 | |
| Step period | 1 | Distance between orders |
| Alert on | false | Turn this alert on or off |
| Debug mode | false | |
| Step | 0.02 | Distance between orders |
| Maximum | 0.2 | |
| Acc | 0.02 |
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 · Breakout · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code