Forex MA Bands Martingale Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex MA Bands Martingale Scalping Strategy. Its name points to moving averages, martingale money management (bigger lots after a loss — high risk) and short scalping trades. In the code it works with moving averages and an oscillator. It has 16 settings, for example WPR1 (default *** WPR1 ***), t3 period (default 8) and b (default 0.7). Load it on a demo chart and check whether its signals repaint before trusting them. 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 MA Bands Martingale Scalping Strategy
Forex MA Bands Martingale Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and Oscillator. It has 16 settings, such as WPR1, T3 period and B. MQL source code included.
Files in the download: HaosVisual_mod.ex4, HaosVisual_mod.mq4, MA Bands Martingale trading.tpl, Open Levels Historical.ex4, SSRC.mq4, SSRC_MTF.ex4, SuperTraderInd.ex4, _MA Bands.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| WPR1 | *** WPR1 *** | |
| T3 period | 8 | Period or timeframe used by the calculation |
| B | 0.7 | |
| Per | 14 | |
| Psel | 30 | |
| Pbuy | -30 | |
| WPR2 | *** WPR2 *** | |
| T3 period 2 | 8 | Number of bars in the calculation |
| B 2 | 0.7 | |
| Per 2 | 96 | |
| Psel 2 | 40 | |
| Pbuy 2 | -40 | |
| Snake range | 3 | |
| Filter period | 21 | Period or timeframe used by the calculation |
| Mart filtr | 2 | |
| Price const | 6 | 0 - Close |
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 · Martingale · Moving Average · Oscillator · MT4 Indicator · MQL4 Source Code