Forex Joker Reversal Scalping Strategy
Forex Joker Reversal Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around short scalping trades and reversals against the current move. Its source code uses MACD, ADX, Parabolic SAR and Momentum. It draws arrows on the chart and can send alerts. It has 19 settings, for example ADX period (default 20), MOM period (default 20) and MACD fast ema (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Joker Reversal Scalping Strategy
Forex Joker Reversal Scalping Strategy is an indicator for MetaTrader 4 based on MACD, ADX, Parabolic SAR and Momentum. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 19 settings, such as Adx period, Mom period and Macd fast ema. MQL source code included.
Files in the download: BB_MACD_MT4_v6.ex4, bollinger bands macd scalping.tpl, installation manual.txt, Joker.mq4, NonLagMA_v7.1.ex4, PivotsD_v5 (Black).ex4, Quik_Trailing.ex4, TF PSAR Bar4.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Adx period | 20 | Period or timeframe used by the calculation |
| Mom period | 20 | Period or timeframe used by the calculation |
| Macd fast ema | 5 | |
| Macd slow ema | 15 | |
| Macd signal period | 9 | Period or timeframe used by the calculation |
| Max bars on graph | 500 | |
| Step psar1 | 0.06 | Distance between orders |
| Step psar2 | 0.06 | Distance between orders |
| Step psar3 | 0.06 | Distance between orders |
| Step psar4 | 0.06 | Distance between orders |
| Max psar | 0.2 | |
| Bar width | 0 | |
| Up bar color | DodgerBlue | Colour on the chart |
| Down bar color | Crimson | Colour on the chart |
| Text color | White | Colour on the chart |
| Max bars | 500 | |
| Alert when tf color match | TRUE | Turn this alert on or off |
| Alert custom message up | All TF going UP | Turn this alert on or off |
| Alert custom message down | All TF going DOWN | 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 · Buy/Sell Arrows · Alerts · MACD · ADX · Parabolic SAR · Momentum · MT4 Indicator · MQL4 Source Code