Forex Chimp Master Scalping Strategy
From the Old Kings archive: Forex Chimp Master Scalping Strategy, an indicator for MetaTrader 4. Its name points to short scalping trades. In the code it works with moving averages. It draws arrows on the chart. It has 16 settings, for example ADX Bars (default 12), Weight DM (default 2.5) and Weight DI (default 2.0). 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 Chimp Master Scalping Strategy
Forex Chimp Master Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 16 settings, such as Adx bars, Weight dm and Weight di. MQL source code included.
Files in the download: ADXVMA6_12bar.mq4, ADXVMA6_16bar.mq4, chimp 5 min chart.tpl, Chimp2_1.mq4, installation manual.txt, MA_Cross_OC.mq4, TLOMI NonLagMA_v4.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Adx bars | 12 | |
| Weight dm | 2.5 | |
| Weight di | 2.0 | |
| Weight dx | 1.0 | |
| Weight out | 1.0 | |
| Faster mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Faster ma | 5 | |
| Slower mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Slower ma | 5 | |
| Price | 0 | |
| Length | 9 | |
| Displace | 0 | |
| Filter | 0 | |
| Color | 0 | Colour on the chart |
| Color bar back | 1 | Colour on the chart |
| Deviation | 0 |
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 · Moving Average · MT4 Indicator · MQL4 Source Code