Forex Extreme Pairs Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Extreme Pairs Scalping Strategy. Its name points to short scalping trades. In the code it works with MACD, moving averages and ATR. It draws arrows on the chart and can send alerts. It has 36 settings, for example MAPeriod (default 55), MAType (default 2) and fibo1 (default 1). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 8 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 Pairs Scalping Strategy
Forex Extreme Pairs Scalping Strategy is an indicator for MetaTrader 4 based on MACD, Moving Average 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 36 settings, such as Ma period, Ma type and Fibo1. MQL source code included.
Files in the download: buy zone fibs.ex4, buy zone fibs.mq4, extreme scalping system eurusd gbpusd audusd.tpl, Forex Guide.ex4, Forex Guide.mq4, Heiken Ashi.ex4, Heiken Ashi.mq4, installation manual.txt ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 55 | Period or timeframe used by the calculation |
| Ma type | 2 | |
| Fibo1 | 1 | |
| Fibo2 | 2 | |
| Fibo3 | 3 | |
| Fibo4 | 4 | |
| Fibo5 | 5 | |
| Fibo6 | 6 | |
| Fibo7 | 7 | |
| P1 | 1 | |
| P2 | 20 | |
| P3 | 50 | |
| P4 | 1 | |
| X1 | 1 | |
| X2 | 2 | |
| X3 | 20 | |
| X4 | 1 | |
| L1 | 1 | |
| L2 | 2 | |
| L3 | 20 | |
| L4 | 1 | |
| V1 | 2 | |
| V2 | 8 | |
| V3 | 15 | |
| V4 | 1 | |
| A1 | 14 | |
| Alert comment | Alerts. | Turn this alert on or off |
| Alert popup | TRUE | Turn this alert on or off |
| Sound alert | TRUE | Turn this alert on or off |
| Email alert | TRUE | Turn this alert on or off |
| Sound file | ok.wav | Turn this alert on or off |
| Pips multiplyer | 10.0 | How much the lot size grows after a loss |
| Color1 | Red | Colour on the chart |
| Color2 | White | Colour on the chart |
| Color3 | Red | Colour on the chart |
| Color4 | White | 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 · Buy/Sell Arrows · Alerts · MACD · Moving Average · ATR · MT4 Indicator · MQL4 Source Code