Forex King Buy Sell Scalping Strategy
Forex King Buy Sell Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to short scalping trades. Its source code uses MACD, RSI, moving averages and ATR. It draws arrows on the chart and can send alerts. It has 40 settings, for example SSP (default 7), Kmax (default 50.6) and Count Bars (default 300). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 23 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 King Buy Sell Scalping Strategy
Forex King Buy Sell Scalping Strategy is an indicator for MetaTrader 4 based on MACD, RSI, Moving Average and ATR. 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 SSP, Kmax and Count bars. MQL source code included.
Files in the download: ATR Pips.ex4, Clock.mq4, ForexTrend.mq4, Heiken Ashi.ex4, Heiken Ashi.mq4, installation manual.txt, King - 2MA Crossover.ex4, King - 2MA Crossover.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| SSP | 7 | |
| Kmax | 50.6 | 24 21.6 21.6 |
| Count bars | 300 | |
| Color1 | Red | Colour on the chart |
| Color2 | White | Colour on the chart |
| Color3 | Red | Colour on the chart |
| Color4 | White | Colour on the chart |
| Note1 | First Moving Average | |
| MA1 | 4 | |
| Note2 | 0=sma, 1=ema, 2=smma, 3=lwma | |
| Ma1 mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Note3 | ---------------------------------------- | |
| Note4 | Second Moving Average | |
| MA2 | 8 | |
| Note5 | 0=sma, 1=ema, 2=smma, 3=lwma | |
| Ma2 mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Note6 | ---------------------------------------- | |
| Note7 | Arrow Type | |
| Note8 | 0=Thick, 1=Thin, 2=Hollow, 3=Round | |
| Note9 | 4=Fractal, 5=Diagonal Thin | |
| Note10 | 6=Diagonal Thick, 7=Diagonal Hollow | |
| Note11 | 8=Thumb, 9=Finger | |
| Arrow type | 3 | |
| Note12 | ---------------------------------------- | |
| Alert on | false | Turn this alert on or off |
| Note14 | ---------------------------------------- | |
| Send an email | false | Turn this alert on or off |
| RISK | 3 | Risk per trade (percent of balance) |
| Number of days | 50 | |
| Period begin | 00:00 | Hour when trading starts (server time) |
| Period end | 03:30 | Number of bars in the calculation |
| Box end | 23:00 | |
| Box break out offset | 20 | |
| Box hl color | LightGray | Colour on the chart |
| Box break out color | Beige | Colour on the chart |
| Box period color | Yellow | Number of bars in the calculation |
| Fast ema | 8 | |
| F fast ema | 7 | |
| Ff fast ema | 6 | |
| Slow ema | 17 |
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 · RSI · Moving Average · ATR · MT4 Indicator · MQL4 Source Code