Forex Kumaresen Eagle Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Kumaresen Eagle Scalping Strategy. As the name suggests, the idea behind it is short scalping trades. In the code it works with RSI and moving averages. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Sound ON (default true), All Bars (default 0) and Otstup (default 30). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 27 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 Kumaresen Eagle Scalping Strategy
Forex Kumaresen Eagle Scalping Strategy is an indicator for MetaTrader 4 based on RSI and Moving Average. 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 Sound on, All bars and Otstup. MQL source code included.
It also shows several symbols in one panel.
Files in the download: #MarketPrice.ex4, BeginnerAlert.ex4, BeginnerAlert.mq4, BreakOut_PANCA_EAGLE__indicator.ex4, BreakOut_PANCA_EAGLE__indicator.mq4, CandleTime.ex4, CandleTime.mq4, fanSimple8-1a_NEW.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Sound on | true | Turn this alert on or off |
| All bars | 0 | . 0 - . |
| Otstup | 30 | . |
| Per | 9 | . |
| Number of days | 50 | |
| Period begin | 00:00 | Hour when trading starts (server time) |
| Period end | 05:30 | Number of bars in the calculation |
| Box end | 23:00 | |
| Box break out offset | 10 | |
| Box hl color | MidnightBlue | Colour on the chart |
| Box break out color | LimeGreen | Colour on the chart |
| Box period color | OrangeRed | Number of bars in the calculation |
| Prefix | ||
| Display fan status | true | |
| Display fan | false | |
| Timeframe1 | 0 | Period or timeframe used by the calculation |
| Timeframe2 | 0 | Period or timeframe used by the calculation |
| Timeframe3 | 0 | Period or timeframe used by the calculation |
| Timeframe4 | PERIOD_M1 | Period or timeframe used by the calculation |
| Timeframe5 | PERIOD_M5 | Period or timeframe used by the calculation |
| Timeframe6 | PERIOD_M15 | Period or timeframe used by the calculation |
| Timeframe7 | PERIOD_M30 | Period or timeframe used by the calculation |
| Timeframe8 | PERIOD_H1 | Period or timeframe used by the calculation |
| Timeframe9 | 0 | Period or timeframe used by the calculation |
| Tracking time | 0 | |
| Tracking | false | |
| Sliding | true | |
| Sliding sound | Turn this alert on or off | |
| MA1 | 0 | |
| MA2 | 7 | |
| MA3 | 5 | |
| MA4 | 0 | |
| MA5 | 0 | |
| MA6 | 0 | |
| MA7 | 0 | |
| MA8 | 0 | |
| Display ma1 | false | |
| Display ma2 | false | |
| Display ma3 | false | |
| Display ma4 | true |
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 · Multi-Timeframe (MTF) · Dashboards & Scanners · RSI · Moving Average · MT4 Indicator · MQL4 Source Code