Forex Iregression Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Iregression Scalping Strategy. As the name suggests, the idea behind it is short scalping trades. In the code it works with moving averages and Bollinger Bands. It draws arrows on the chart and can send alerts. It has 12 settings, for example degree (default 3), kstd (default 1.5) and bars (default 240). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Iregression Scalping Strategy
Forex Iregression Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and Bollinger Bands. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 12 settings, such as Degree, Kstd and Bars. MQL source code included.
Files in the download: i-Regr.mq4, installation manual.txt, My Entry Trigger.mq4, Real MACD Colored.mq4, scalping with i-regression.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Degree | 3 | |
| Kstd | 1.5 | 1.8 |
| Bars | 240 | 240 |
| Shift | 0 | Bar shift (0 = current bar) |
| G period 76 | 2 | Number of bars in the calculation |
| Gi 80 | 1 | |
| Nbars | 1000 | |
| Sound on | FALSE | Turn this alert on or off |
| Fast ema | 5 | |
| Slow ema | 15 | 23 |
| Signal sma | 1 | 0 |
| Min diff | 0.0 |
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 · Bollinger Bands · MT4 Indicator · MQL4 Source Code