Forex Isakas Two Scalping Strategy
Forex Isakas Two Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to short scalping trades. Its source code uses MACD, moving averages and Bollinger Bands. It draws arrows on the chart and can send alerts. It has 20 settings, for example Length (default 20), Deviation (default 1) and Money Risk (default 1.00). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 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 Isakas Two Scalping Strategy
Forex Isakas Two Scalping Strategy is an indicator for MetaTrader 4 based on MACD, 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 20 settings, such as Length, Deviation and Money risk. MQL source code included.
Files in the download: BBANDS~1.mq4, FISHER~1.mq4, FLATTR~2.mq4, installation manual.txt, nonlagdot.mq4, rebirth11.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Length | 20 | Bollinger Bands Period |
| Deviation | 1 | Deviation was 2 |
| Money risk | 1.00 | Offset Factor |
| Signal | 1 | Display signals mode: 1-Signals & Stops; 0-only Stops; 2-only Signals; |
| Line | 1 | Display line mode: 0-no,1-yes |
| Nbars | 10000 | |
| Sound on | true | Turn this alert on or off |
| Range periods | 35 | Number of bars in the calculation |
| Price smoothing | 0.3 | =0.67 bei Fisher_m10 |
| Index smoothing | 0.3 | =0.50 bei Fisher_m10 |
| Minutes | 0 | |
| Macd fast | 12 | |
| Macd slow | 26 | |
| Macd ma | 9 | |
| Bars to count | 10000 | |
| Price | 0 | |
| Displace | 0 | |
| Filter | 0 | |
| Color | 1 | Colour on the chart |
| Color bar back | 2 | Colour on the chart |
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 · MACD · Moving Average · Bollinger Bands · MT4 Indicator · MQL4 Source Code