Forex Intraday Breakout Scalping Strategy
Forex Intraday Breakout Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to short scalping trades and breakouts from a range. Its source code uses moving averages and CCI. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Daily (default True), Weekly (default False) and Monthly (default False). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 16 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 Intraday Breakout Scalping Strategy
Forex Intraday Breakout Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and CCI. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Daily, Weekly and Monthly. MQL source code included.
Files in the download: ASCTrend-Matrix 4TF.ex4, ASCTrend-Matrix 4TF.mq4, ASCTrend-Tape.ex4, AutoPivotIndicator.mq4, box.mq4, BreakOut_BOX_4_LONDON_OpeningRange_indicator.ex4, CandleTime.ex4, FXFreedomBars VOID.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Daily | True | |
| Weekly | False | |
| Monthly | False | |
| Number of days | 50 | |
| Period begin | 06:00 | Hour when trading starts (server time) |
| Period end | 08:00 | Number of bars in the calculation |
| Box end | 20:00 | |
| Box break out offset | 5 | |
| Box hl color | Navy | Colour on the chart |
| Box break out color | RoyalBlue | Colour on the chart |
| Box period color | OrangeRed | Number of bars in the calculation |
| TF1 | PERIOD_M5 | M15 |
| TF2 | PERIOD_M15 | M30 |
| TF3 | PERIOD_M30 | H1 |
| TF4 | PERIOD_H1 | H4 |
| Cci 1 | 2 | 50 |
| Cci 2 | 2 | 14 |
| Cci 3 | 2 | |
| Cci 4 | 2 | |
| Auto display | true | |
| Indi version | INDICATOR_VERSION | |
| Time frame settings | Period or timeframe used by the calculation | |
| Time frame period | PERIOD_CURRENT | Timeframe: 0,1,5,15,30,60,240,1440 etc. Current Timeframe=0. |
| Time frame auto select | Disabled | Automatically select higher TF. M15 and M30 -> H1. Off=0, 1st HTF=1, 2nd HTF=2 |
| Tvi settings | ||
| Tvi r | 12 | |
| Tvi s | 12 | |
| Tvi u | 5 | |
| Tvi label | TVI | |
| Cci settings | ||
| Cci period | 20 | Period or timeframe used by the calculation |
| Cci label | CCI | |
| T3 ma settings | ||
| T3 ma period | 8 | Period or timeframe used by the calculation |
| T3 ma b | 0.618 | |
| T3 ma max bars | 5000 | Set MaxBars to 0 to show the full history |
| T3 ma label | T3 | |
| Gann hi lo settings | ||
| Gann hi lo period | 10 | Period or timeframe used by the calculation |
| Gann hi lo label | GHL |
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 · Breakout · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · CCI · MT4 Indicator · MQL4 Source Code