Forex Extreme Slope Scalping Strategy
Forex Extreme Slope Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is short scalping trades. Its source code uses moving averages. It can send alerts. It has 20 settings, for example Daily Color (default Maroon), Daily Color1 (default DarkGreen) and Daily Color2 (default C'0,44,09'). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Slope Scalping Strategy
Forex Extreme Slope Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average. It can alert you with a pop-up, sound, email or push message. It has 20 settings, such as Daily color, Daily color1 and Daily color2. MQL source code included.
Files in the download: (T_S_R)-Daily Range Display#2.mq4, Bar Trend.mq4, Big trend.mq4, cam_H2_H5_Historical.mq4, cam_L2_L5_Historical.mq4, i-ParamonWorkTime.mq4, installation manual.txt, Mega trend.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Daily color | Maroon | C'99,39,11' |
| Daily color1 | DarkGreen | C'0,49,09' |
| Daily color2 | C'0,44,09' | Colour on the chart |
| Time zone of data | 0 | |
| Period | 80 | Period or timeframe used by the calculation |
| Method | 3 | MODE_SMA |
| Price | 0 | PRICE_CLOSE |
| Gm tshift | 0 | Bar shift (0 = current bar) |
| H color | Lime | Colour on the chart |
| Fontsize | 12 | |
| Label shift | 20 | Bar shift (0 = current bar) |
| L color | Red | Colour on the chart |
| Number of days | 50 | |
| Begin 1 | 08:00 | Hour when trading starts (server time) |
| End 1 | 11:00 | |
| Color 1 | DarkBlue | Colour on the chart |
| Begin 2 | 14:00 | Hour when trading starts (server time) |
| End 2 | 17:00 | |
| Color 2 | Brown | Colour on the chart |
| High range | False |
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 · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code