Forex Cycle Waves Scalping Strategy
From the Old Kings archive: Forex Cycle Waves Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is wave counting in the Elliott style and short scalping trades. In the code it works with moving averages and Bollinger Bands. It draws arrows on the chart. It has 29 settings, for example BClock Clr (default Gray), Show Comment (default True) and Boba Period (default 20). 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 Cycle Waves Scalping Strategy
Forex Cycle Waves Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and Bollinger Bands. It draws buy and sell arrows on the chart. It has 29 settings, such as B clock clr, Show comment and Boba period. MQL source code included.
Files in the download: b-clock_modified.ex4, b-clock_modified.mq4, BolliToucher.ex4, BolliToucher.mq4, installation manual.txt, Key PA Levels.ex4, Key PA Levels.mq4, mikko_mtf_info.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| B clock clr | Gray | |
| Show comment | True | Comment written on the orders |
| Boba period | 20 | Period or timeframe used by the calculation |
| Boba deviations | 2 | |
| Use sound | true | Turn this alert on or off |
| H | --- Mode_Settings --- | |
| Show 00 50 levels | true | |
| Show 20 80 levels | true | |
| Level 00 color | Lime | Colour on the chart |
| Level 50 color | Gray | Colour on the chart |
| Level 20 color | Red | Colour on the chart |
| Level 80 color | Green | Colour on the chart |
| Gmt plus | -1 | |
| Total spread | 0 | Maximum spread allowed to trade |
| Spread ticks | 0 | Maximum spread allowed to trade |
| Stc period | 10 | Period or timeframe used by the calculation |
| Fast ma period | 23 | Period or timeframe used by the calculation |
| Slow ma period | 50 | Period or timeframe used by the calculation |
| LB | 3 | |
| Max bars for period | 1000 | Period or timeframe used by the calculation |
| Show m01 | true | |
| Show m05 | true | |
| Show m15 | true | |
| Show m30 | true | |
| Show h01 | true | |
| Show h04 | true | |
| Show d01 | true | |
| Show w01 | true | |
| Show mn1 | true |
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 · Bollinger Bands · MT4 Indicator · MQL4 Source Code