Forex Dema Scalping Strategy
From the Old Kings archive: Forex Dema Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is short scalping trades. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 40 settings, for example Right Shift from Bar (default 4), col (default Lime) and CCIPeriod (default 14). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 25 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 Scalping Strategy
Forex Dema 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 40 settings, such as Right shift from bar, Col and Cci period. MQL source code included.
Files in the download: Dema Scalping.tpl, CandleCountdown.ex4, CandleCountdown.mq4, CCI filter.ex4, CCI_Alert.ex4, CCI_Alert.mq4, CurrencyPowerMeter 2.ex4, CurrencyPowerMeter 2.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Right shift from bar | 4 | Bar shift (0 = current bar) |
| Col | Lime | |
| Cci period | 14 | Period or timeframe used by the calculation |
| Alerts | true | Turn this alert on or off |
| _ | -90 | |
| Send mail possible | false | |
| Low value | 2.0 | |
| Max value | 8.0 | |
| Pair alert | Turn this alert on or off | |
| Alert delay | 30 | Turn this alert on or off |
| Hours | 1 | |
| C currency | Lime | |
| C score high | Aqua | |
| C score hour | Orange | |
| Window | 0 | |
| Corner | 3 | |
| Xdistance | 0 | Distance between orders |
| Ydistance | 0 | Distance between orders |
| Ema period | 14 | Period or timeframe used by the calculation |
| Width | 3 | |
| Draw lines | true | |
| Draw histo | false | |
| Font size | 14 | |
| Font id | Arial | |
| Font color | DarkOrange | Colour on the chart |
| Horiz pos | 5 | |
| Vert pos | 5 | |
| Color1 | DimGray | Colour on the chart |
| Color2 | DimGray | Colour on the chart |
| Color3 | Crimson | Colour on the chart |
| Color4 | Green | Colour on the chart |
| Ma period | 10 | Period or timeframe used by the calculation |
| Ma type | 3 | |
| Show daily high low | true | |
| Show open daily | true | |
| Show daily pivot | true | |
| Time zone | 0 | |
| Bars count | 900 | |
| Note1 | Change font colors automatically? True = | |
| Bid ask colors | True | Colour on the chart |
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