Forex Dema Day Scalping Strategy
From the Old Kings archive: Forex Dema Day Scalping Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around short scalping trades. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 27 settings, for example SR (default 3), SRZZ (default 36) and Main RZZ (default 36). 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 Dema Day Scalping Strategy
Forex Dema Day 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 27 settings, such as SR, SRZZ and Main rzz. MQL source code included.
Files in the download: #4X 2011 XARD WAVE.mq4, Demadaytradingstrategy.tpl, DEMA_RLH2.mq4, installation manual.txt, Pivots_Daily_SR.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| SR | 3 | =3..4 |
| SRZZ | 36 | =4..12..20..12 |
| Main rzz | 36 | 12;//20; // =12..20..54..20 |
| FP | 36 | |
| SMF | 3 | =1..5 |
| Draw zz | false | |
| Exaprice | Price modes | |
| Exprice | 0=close,1=open,2=high,3=low | |
| Exprice2 | 4=(h+l)/2,5=(h+l+c)/3,6=(H+L+2*C)/4 | |
| Price const | 0 | |
| Alerts on | false | Turn this alert on or off |
| Alerts on current | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | true | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Ema period | 14 | Period or timeframe used by the calculation |
| Start hour | 2 | Hour when trading starts (server time) |
| Start minute | 0 | |
| Days to plot | 10 | |
| Support label color | MidnightBlue | Colour on the chart |
| Resistance label color | MidnightBlue | Colour on the chart |
| Pivot label color | AliceBlue | Colour on the chart |
| Fontsize | 8 | |
| Label shift | 0 | Bar shift (0 = current bar) |
| Level | 30 | |
| M alert | false | Turn this alert on or off |
| Wait | 100000 | ( ) |
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 · Moving Average · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code