Forex Gray Power Scalping Strategy
From the Old Kings archive: Forex Gray Power Scalping Strategy, an indicator for MetaTrader 4. Its name points to short scalping trades. In the code it works with the Stochastic oscillator, moving averages and ATR. It draws arrows on the chart and can send alerts. It has 14 settings, for example Stoch Period (default 20), Sensitive (default 5) and PERIOD (default 10). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 6 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 Gray Power Scalping Strategy
Forex Gray Power Scalping Strategy is an indicator for MetaTrader 4 based on Stochastic, 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 14 settings, such as Stoch period, Sensitive and Period. MQL source code included.
Files in the download: installation manual.txt, Scalping Gray.tpl, #!DivStochv5.mq4, AFL_Winner.mq4, Pivot Support Resistance Auto.ex4, PowerRailTrain.ex4, PriceChannel_Signal_v121.mq4, xoindatr_123_Alert.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Stoch period | 20 | Period or timeframe used by the calculation |
| Sensitive | 5 | |
| Period | 10 | Period or timeframe used by the calculation |
| Average | 5 | |
| Length | 9 | Price Channel Period |
| Applied price | 0 | Applied Price:0-C,1-O,2-H,3-L,4-Median,5-Typical,6-Weighted |
| Risk | 3 | Risk Factor in units (0...10) |
| Use re entry | 0 | Re-Entry Mode: 0-off,1-on |
| Alert mode | 0 | Alert Mode: 0-off,1-on |
| Per | 14 | |
| Count bars | 0 | 0 - all bars |
| Alert candle | 0 | Turn this alert on or off |
| Show chart alerts | true | Turn this alert on or off |
| Alert email subject | Turn this alert on or off |
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 · Stochastic · Moving Average · ATR · MT4 Indicator · MQL4 Source Code