Forex High Low Magic Scalping Strategy
Forex High Low Magic Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to the daily high / low range and short scalping trades. Its source code uses moving averages. It draws arrows on the chart and can send alerts. It has 14 settings, for example note (default Wpr levelsOb and Os), level Ob (default 90) and level Os (default 10). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 3 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 High Low Magic Scalping Strategy
Forex High Low Magic 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 14 settings, such as Note, Level ob and Level os. MQL source code included.
Files in the download: installation manual.txt, Magic HighLow channel.tpl, MAX_Donchian_Channel_Alerts.ex4, Trend signal _v2.1.mq4, trend.tpl, Trending_02.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Note | Wpr levelsOb and Os | |
| Level ob | 90 | |
| Level os | 10 | |
| Price | 0 | |
| Risk | 1 | Risk per trade (percent of balance) |
| Arrows gap | 1.0 | |
| 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 | true | Turn this alert on or off |
| Alerts email | true | Turn this alert on or off |
| Soundfile | alert2.wav | Turn this alert on or off |
| Period hl | 85 | Slow channel |
| Period hl | 21 | Quick channel |
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