Forex Etof Intraday Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Etof Intraday Scalping Strategy. Its name points to short scalping trades. In the code it works with the Stochastic oscillator and ATR. It draws arrows on the chart and can send alerts. It has 11 settings, for example Num Bars (default 500), Enable Alerts (default 0) and Signal ID (default 0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Etof Intraday Scalping Strategy
Forex Etof Intraday Scalping Strategy is an indicator for MetaTrader 4 based on Stochastic and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 11 settings, such as Num bars, Enable alerts and Signal id. MQL source code included.
Files in the download: #15menit-Indikator-1.ex4, #15menit-Indikator-1.mq4, #15menit-Indikator-2.ex4, #15menit-Indikator-2.mq4, #15menit-Indikator-3.ex4, #15menit-Indikator-3.mq4, #15menit-Indikator-4.ex4, #15menit-Indikator-4.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Num bars | 500 | |
| Enable alerts | 0 | Turn this alert on or off |
| Signal id | 0 | |
| SSP | 7 | |
| Kmax | 50.6 | |
| Count bars | 999 | |
| Rperiod | 15 | Period or timeframe used by the calculation |
| Lsma period | 5 | Period or timeframe used by the calculation |
| Start hour | 0 | Hour when trading starts (server time) |
| Start minute | 0 | |
| Days to plot | 15 |
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 · Alerts · Stochastic · ATR · MT4 Indicator · MQL4 Source Code