Forex Break Fractal Line Scalping Strategy
Forex Break Fractal Line Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is Bill Williams fractals (swing highs / lows) and short scalping trades. Its source code uses moving averages and ATR. It draws arrows on the chart and can send alerts. It has 4 settings, for example fractal Period (default 5), period (default 144) and method (default 3). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Break Fractal Line Scalping Strategy
Forex Break Fractal Line 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 4 settings, such as Fractal period, Period and Method. MQL source code included.
Files in the download: BreakFractalLine.mq4, installation manual.txt, Mega trend.mq4, Zigzag_v.2_3.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fractal period | 5 | Period or timeframe used by the calculation |
| Period | 144 | Period or timeframe used by the calculation |
| Method | 3 | MODE_SMA |
| Price | 0 | PRICE_CLOSE |
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 · Fractals · Buy/Sell Arrows · Alerts · Moving Average · ATR · MT4 Indicator · MQL4 Source Code