Forex Master Trend Scalping Strategy
Forex Master Trend Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is short scalping trades and following the trend. Its source code uses RSI and moving averages. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example note1 (default First Moving Average), MA1 (default 4) and note2 (default 0=sma, 1=ema, 2=smma, 3=). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 5 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 Master Trend Scalping Strategy
Forex Master Trend 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 Note1, MA1 and Note2. MQL source code included.
Files in the download: 2MA Crossover.mq4, Clock v1_1.mq4, Fibonacci Pivots.mq4, fx_trend_master_v1.tpl, mtf_3xRSI.mq4, Murrey_Math_Lines-3a.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| 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 | 2 | |
| Note12 | ---------------------------------------- | |
| Alert on | true | Turn this alert on or off |
| Note14 | ---------------------------------------- | |
| Send an email | false | Turn this alert on or off |
| Broker tz | 2 | |
| Local tz | 10 | |
| DST | false | |
| Show local | true | |
| Corner | 1 | |
| Top off | 100 | |
| Label color | White | Colour on the chart |
| Clock color | White | Colour on the chart |
| Show12 hour time | true | |
| Rsi tf1 | ||
| Time frame1 | 5 | Period or timeframe used by the calculation |
| Rs iperiod1 | 14 | Number of bars in the calculation |
| Applied price1 | 0 | |
| Rsi tf2 | ||
| Time frame2 | 15 | Period or timeframe used by the calculation |
| Rs iperiod2 | 14 | Number of bars in the calculation |
| Applied price2 | 0 | |
| Rsi tf3 | ||
| Time frame3 | 30 | Period or timeframe used by the calculation |
| Rs iperiod3 | 14 | Number of bars in the calculation |
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 · Trend · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · RSI · Moving Average · MT4 Indicator · MQL4 Source Code