Forex MTF Parabolic Sar Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex MTF Parabolic Sar Scalping Strategy. As the name suggests, the idea behind it is Parabolic SAR, short scalping trades and several timeframes at once. In the code it works with moving averages. It draws arrows on the chart, can send alerts and can read another timeframe. It has 12 settings, for example Time Frame (default Current time frame), Acc Step (default 0.02) and Acc Limit (default 0.2). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 3 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 MTF Parabolic Sar Scalping Strategy
Forex MTF Parabolic Sar Scalping Strategy is an indicator for MetaTrader 4 based on 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 12 settings, such as Time frame, Acc step and Acc limit. MQL source code included.
Files in the download: indicator02.ex4, installation manual.txt, mtf parabolic sar indicator forex scalping system.tpl, Parabolic SAR 2.01 mtf.ex4, Parabolic SAR 2.01 mtf.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Acc step | 0.02 | Distance between orders |
| Acc limit | 0.2 | |
| Price high | PRICE_CLOSE | |
| Price low | PRICE_CLOSE | |
| Alerts on | false | Turn this alert on or off |
| Alerts on current | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Draw as dots | true | |
| Shift | 0 | Bar shift (0 = current bar) |
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 · Parabolic SAR · Multi-Timeframe (MTF) · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code