Forex Holy Grail Channel Scalping Strategy
From the Old Kings archive: Forex Holy Grail Channel Scalping Strategy, an indicator for MetaTrader 4. Its name points to price channels and short scalping trades. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 7 settings, for example PRECISION (default 10), PERIOD (default 6) and MINBARS (default 10000). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 7 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 Holy Grail Channel Scalping Strategy
Forex Holy Grail Channel 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 7 settings, such as Precision, Period and Minbars. MQL source code included.
Files in the download: channel buy sell.tpl, HOLY GRAIL 1.6.ex4, holy grail template.tpl, HOLY GRAIL SYSTEM V2.5.ex4, HOLY GRAIL V4.ex4, HOLY GRAIL V4.mq4, HOLY GRAIL V4.1 (for PaulWS).mq4, installation manual.txt ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Precision | 10 | |
| Period | 6 | Period or timeframe used by the calculation |
| Minbars | 10000 | |
| Graphical user interface | true | |
| Sound alert | true | Turn this alert on or off |
| Email notification | false | Turn this alert on or off |
| Sms notification | false | 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 · Channels & Envelopes · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code