Forex EMA Predictive Scalping Strategy 2
From the Old Kings archive: Forex EMA Predictive Scalping Strategy 2, an indicator for MetaTrader 4. Judging by its name, it is built around moving averages and short scalping trades. It can send alerts. It has 40 settings, for example Long Period (default 25.0), Short Period (default 8.0) and ra Time Forward (default 1.0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 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 EMA Predictive Scalping Strategy 2
Forex EMA Predictive Scalping Strategy 2 is an indicator for MetaTrader 4. It can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Long period, Short period and Extra time forward. MQL source code included.
Files in the download: EMAPredictive2.mq4, installation manual.txt, LC-Pivots.mq4, scalping with ema predictive 2.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Long period | 25.0 | note that for an EMA you can have floating point numbers. |
| Short period | 8.0 | Period or timeframe used by the calculation |
| Extra time forward | 1.0 | how much to further extrapolate location. |
| Local hrs server tz from gmt | 0 | |
| Destination hrs new t zfrom gmt | 0 | |
| Show 1 daily 2 fibonacci pivots | 2 | |
| Full screen lines margin prices | FALSE | |
| Move labels lr decr incr | 0 | |
| R5 color | Red | Colour on the chart |
| R5 line style 01234 | 2 | |
| R5 solid line thickness | 1 | |
| R4 color | Red | Colour on the chart |
| R4 line style 01234 | 2 | |
| R4 solid line thickness | 1 | |
| R3 color | Red | Colour on the chart |
| R3 line style 01234 | 2 | |
| R3 solid line thickness | 1 | |
| R2 color | Crimson | Colour on the chart |
| R2 line style 01234 | 2 | |
| R2 solid line thickness | 1 | |
| R1 color | FireBrick | Colour on the chart |
| R1 line style 01234 | 2 | |
| R1 solid line thickness | 1 | |
| Central pivot color | MediumBlue | Colour on the chart |
| Central pivot line style 01234 | 0 | |
| Central pivot solid line thickness | 1 | |
| S1 color | DarkGreen | Colour on the chart |
| S1 line style 01234 | 2 | |
| S1 solid line thickness | 1 | |
| S2 color | Green | Colour on the chart |
| S2 line style 01234 | 2 | |
| S2 solid line thickness | 1 | |
| S3 color | ForestGreen | Colour on the chart |
| S3 line style 01234 | 2 | |
| S3 solid line thickness | 1 | |
| S4 color | ForestGreen | Colour on the chart |
| S4 line style 01234 | 2 | |
| S4 solid line thickness | 1 | |
| S5 color | ForestGreen | Colour on the chart |
| S5 line style 01234 | 2 |
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 · Alerts · MT4 Indicator · MQL4 Source Code