Forex Ichimoku Reversals Scalping Strategy
Forex Ichimoku Reversals Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around the Ichimoku Kinko Hyo cloud and short scalping trades. Its source code uses moving averages and Ichimoku. It draws arrows on the chart and can send alerts. It has 40 settings, for example Stop Loss (default 21), Take Profit (default 12) and Clock Color (default DimGray). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 14 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 Ichimoku Reversals Scalping Strategy
Forex Ichimoku Reversals Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and Ichimoku. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Stop loss, Take profit and Clock color. MQL source code included.
Files in the download: StopLoss and TakeProfit Manager.ex4, StopLoss and TakeProfit Manager.mq4, CandleTime.ex4, CandleTime.mq4, i-911.ex4, i-911.mq4, Kanal_Ant for MaX TS.ex4, Kanal_Ant for MaX TS.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Stop loss | 21 | Stop loss distance |
| Take profit | 12 | Take profit distance |
| Clock color | DimGray | Colour on the chart |
| Simbol color | Gray | Colour on the chart |
| Corner placement | 1 is top right 3 is bottom right | |
| Corner | 1 | |
| Font size simbol | 10 | |
| Font size time bar | 12 | |
| Shift clock y | 25 | Bar shift (0 = current bar) |
| Shift simbol y | 45 | Bar shift (0 = current bar) |
| Shift simbol x | 10 | Bar shift (0 = current bar) |
| Width | 0 | |
| Show signal | true | |
| Gap | 20 | |
| Use233 | true | |
| Bars count | 5000 | |
| Ma period | 233 | Period or timeframe used by the calculation |
| Ma shift | 3 | Bar shift (0 = current bar) |
| Ma method | 1 | |
| Applied price | 4 | |
| Fontsize | 7 | |
| Deviation | 1.44 | |
| Note1 | Change font colors automatically? True = | |
| Bid ask colors | True | Colour on the chart |
| Font color1 | Green | Colour on the chart |
| Font color2 | Red | Colour on the chart |
| Note2 | Default Font Color | |
| Font color | Black | Colour on the chart |
| Note3 | Font Size | |
| Font size | 24 | |
| Note4 | Font Type | |
| Font type | Arial Bold | |
| Note5 | Display the price in what corner? | |
| What corner | 3 | |
| Show type | 0 | |
| Type 1 | 0 - | |
| Type 2 | 1 - | |
| Type 3 | 2 - | |
| Corner | 3 | |
| Coord y | 12 | Y |
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 · Ichimoku · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code