Forex Fischer Strike Scalping Strategy
From the Old Kings archive: Forex Fischer Strike Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is short scalping trades. In the code it works with moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 17 settings, for example MA Price (default 0), MA Length (default 5) and MA Mode (default 0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 9 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 Fischer Strike Scalping Strategy
Forex Fischer Strike Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 17 settings, such as Ma price, Ma length and Ma mode. MQL source code included.
Files in the download: Auto-Pivot Plotter V1-42.ex4, Fiji Trend.mq4, Fiji Trend_alerts mtf.ex4, Fiji Trend_alerts mtf.mq4, Fisher Indicator.ex4, fisher Scalping System.tpl, installation manual.txt, smFisherTransform3_impr.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma price | 0 | Applied Price: 0-C,1-O,2-H,3-L,4-Median,5-Typical,6-Weighted |
| Ma length | 5 | MA's Period |
| Ma mode | 0 | MA's Method:0-SMA,1-EMA,2-SMMA,3-LWMA |
| Atr length | 11 | ATR's Period |
| Kv | 1.3 | Volatility's Factor or Multiplier |
| Money risk | 0.15 | Offset Factor |
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Sound file | alert2.wav | Turn this alert on or off |
| Period | 8 | Period or timeframe used by the calculation |
| Alarm | true | |
| Ehlers formula | true | |
| Smooth | 10 |
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 · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code