Forex Future Scalping Strategy
From the Old Kings archive: Forex Future Scalping Strategy, an indicator for MetaTrader 4. Its name points to short scalping trades. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 3 settings, for example Lb (default 10), Filter Period (default 22) and SL distance pips (default 20). 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 Future Scalping Strategy
Forex Future Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 3 settings, such as Lb, Filter period and Sl distance pips. MQL source code included.
Files in the download: Gann Hi-lo Activator SSL.ex4, Gann Hi-lo Activator SSL.mq4, installation manual.txt, PivotsDaily v2.ex4, scalping_future_.mq4, SF.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Lb | 10 | |
| Filter period | 22 | Period or timeframe used by the calculation |
| Sl distance pips | 20 | Distance between orders |
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 · Moving Average · MT4 Indicator · MQL4 Source Code