Forex MACD Trend Scalping Strategy
Forex MACD Trend Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is MACD (moving average convergence / divergence), short scalping trades and following the trend. Its source code uses moving averages. It has 40 settings, for example Fast EMA (default 12), Slow EMA (default 26) and Signal SMA (default 9). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 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 MACD Trend Scalping Strategy
Forex MACD Trend Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average. It has 40 settings, such as Fast ema, Slow ema and Signal sma. MQL source code included.
Files in the download: installation manual.txt, macd trend scalping.tpl, MACD.mq4, PivotsD_v5 (Black).mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal sma | 9 | |
| Indicator on | true | |
| Use for forex | true | |
| Use day formula | true | |
| Exit period choices | M1, M5, M15, M30, H1, H4, D1 | Number of bars in the calculation |
| Exit if period greater than | H1 | Number of bars in the calculation |
| _ | ||
| Part 1 | Day Candle & Session Box Settings: | |
| Show day candle | true | |
| Shift day candle right | 49 | Bar shift (0 = current bar) |
| Show today box | true | |
| Today box color | C'30,33,36' | Colour on the chart |
| Show yesterday box | true | |
| Yesterday box color | C'20,18,41' | Colour on the chart |
| __ | ||
| Part 2 | Pivot Line Start/Stop Settings: | |
| Note1 | Start with fullscreen lines, enter '1' | |
| Note2 | Start lines at Day Separator, enter '2' | |
| Note3 | Start lines at current candle, enter '3' | |
| Start lines | 2 | |
| Stop lines at current candle | false | |
| ___ | ||
| Part 3 | Pivot Line Color & Selection Settings: | |
| Central pivot color | Blue | Colour on the chart |
| Cp line style 01234 | 0 | |
| Cp solid line thickness | 1 | |
| Resistance pivots color | FireBrick | Colour on the chart |
| R line style 01234 | 0 | |
| R solid line thickness | 1 | |
| Support pivots color | Green | Colour on the chart |
| S line style 01234 | 0 | |
| S solid line thickness | 1 | |
| Show mid pivots | true | |
| Mid pivots color | C'108,108,0' | Colour on the chart |
| M p line style 01234 | 2 | |
| M p solid line thickness | 1 | |
| ____ | ||
| Part 4 | Pivot Label Settings: |
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 · MACD · Trend · Moving Average · MT4 Indicator · MQL4 Source Code