Forex Magic Box Scalping Strategy
From the Old Kings archive: Forex Magic Box Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is short scalping trades. It draws arrows on the chart. It has 12 settings, for example Daily (default True), Weekly (default False) and Monthly (default False). 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 Magic Box Scalping Strategy
Forex Magic Box Scalping Strategy is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 12 settings, such as Daily, Weekly and Monthly. MQL source code included.
Files in the download: AutoPivotIndicator.mq4, box.mq4, BreakOut_BOX_4_LONDON_OpeningRange_indicator.ex4, CandleTime.ex4, fx_trender.ex4, MagicMatrix.ex4, Swing_ZZ.mq4, installation manual.txt ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Daily | True | |
| Weekly | False | |
| Monthly | False | |
| Number of days | 50 | |
| Period begin | 06:00 | Hour when trading starts (server time) |
| Period end | 08:00 | Number of bars in the calculation |
| Box end | 20:00 | |
| Box break out offset | 5 | |
| Box hl color | Navy | Colour on the chart |
| Box break out color | RoyalBlue | Colour on the chart |
| Box period color | OrangeRed | Number of bars in the calculation |
| Min bars | 2 |
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 · MT4 Indicator · MQL4 Source Code