Forex Mogalef Band HFT Scalping Strategy
Forex Mogalef Band HFT Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is short scalping trades. Its source code uses moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Time Frame (default 0), Alert On (default TRUE) and Email On (default FALSE). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 8 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 Mogalef Band HFT Scalping Strategy
Forex Mogalef Band HFT Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. 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 Time frame, Alert on and Email on. MQL source code included.
Files in the download: ForexGainCode_Absolute_Alerts.ex4, ForexGainCode_Absolute_Alerts.mq4, installation manual.txt, Mogalef Band HFT.tpl, MogalefBands 4.ex4, MogalefBands 4.mq4, Nihilist_Trend_Filter_1.ex4, Nihilist_Trend_Filter_2.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | Period or timeframe used by the calculation |
| Alert on | TRUE | Turn this alert on or off |
| Email on | FALSE | Turn this alert on or off |
| Signal on closed candle | TRUE | |
| Math mode | 0 | |
| Price | 0 | |
| Length | 27 | |
| Pre smooth | 1 | |
| Smooth | 5 | |
| Ma method | 1 | |
| Range avg length | 27 | |
| Multiplier | 4.236 | How much the lot size grows after a loss |
| Signal mode | 1 | |
| Levels mode | 2 | |
| Show arrows | TRUE | |
| Arrows up color | Green | Colour on the chart |
| Arrows dn color | Red | Colour on the chart |
| Arrow width | 2 | |
| Overbought level | 80.0 | |
| Oversold level | 20.0 | |
| Look back period | 20 | Period or timeframe used by the calculation |
| Upper multiplier | 1.0 | How much the lot size grows after a loss |
| Lower multiplier | 1.0 | How much the lot size grows after a loss |
| Ma mode | ||
| 0 | SMA | |
| 1 | EMA | |
| 2 | Wilder | |
| 3 | LWMA | |
| 4 | SineWMA | |
| 5 | TriMA | |
| 6 | LSMA | |
| 7 | SMMA | |
| 8 | HMA | |
| 9 | ZeroLagEMA | |
| 10 | DEMA | |
| 11 | T3_basic | |
| 12 | ITrend | |
| 13 | Median | |
| 14 | GeoMean | |
| 15 | REMA |
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 · HFT · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code