Forex Extreme Modified Scalping Strategy
Forex Extreme Modified Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to short scalping trades. This copy is a modified edition. Its source code uses moving averages. It draws arrows on the chart. It has 11 settings, for example Set One (default **********************Se), space1 (default 1) and expand rate1 (default 35). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 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 Extreme Modified Scalping Strategy
Forex Extreme Modified Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 11 settings, such as Set one, Space1 and Expand rate1. MQL source code included.
Files in the download: carmens_eyes_v2.01.mq4, DSS Bressert.mq4, extreme scalping modified.tpl, Gann Hi_Low.ex4, installation manual.txt, LSMA.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Set one | **********************Set_One_Settings** | |
| Space1 | 1 | |
| Expand rate1 | 35 | |
| Set two | **********************Set_Two_Settings** | |
| Space2 | 1 | |
| Expand rate2 | 50 | |
| Set three | **********************Set_Three_Settings | |
| Space3 | 1 | |
| Expand rate3 | 65 | |
| Ema period | 8 | Period or timeframe used by the calculation |
| Stochastic period | 13 | Period or timeframe used by the calculation |
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 · MT4 Indicator · MQL4 Source Code