Forex Momentum VT Scalping Strategy
From the Old Kings archive: Forex Momentum VT Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is price momentum and short scalping trades. In the code it works with RSI. It draws arrows on the chart and can send alerts. It has 13 settings, for example Comment1 (default QQEA Alert v3 compiled b), Comment2 (default email : glicci@yahoo.it) and QQE SF (default 1). 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 Momentum VT Scalping Strategy
Forex Momentum VT Scalping Strategy is an indicator for MetaTrader 4 based on RSI. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 13 settings, such as Comment1, Comment2 and Qqe sf. MQL source code included.
Files in the download: Dinapoli stoch.ex4, Heiken Ashi.ex4, indicators_system.tpl, installation manual.txt, MomentumVT.ex4, QQE Alert v3.mq4, QQEA.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Comment1 | QQEA Alert v3 compiled by Skyline on 31 | Comment written on the orders |
| Comment2 | email : glicci@yahoo.it | Comment written on the orders |
| Qqe sf | 1 | |
| Qqe rsi period | 14 | Period or timeframe used by the calculation |
| Qqe darfactor | 4.236 | |
| Qqe width | 1 | |
| Qqe position | 0.5 | |
| Enable sound alert | true | Turn this alert on or off |
| Enable visual alert | false | Turn this alert on or off |
| Enable email alert | true | Turn this alert on or off |
| SF | 5 | original 5 |
| Rsi period | 14 | original 14 |
| Darfactor | 4.236 | original 4.236 |
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 · Momentum · Buy/Sell Arrows · Alerts · RSI · MT4 Indicator · MQL4 Source Code