Forex Multi Moving Average Scalping Strategy
Forex Multi Moving Average Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around moving averages and short scalping trades. Its source code uses moving averages. It draws arrows on the chart and can send alerts. It has 40 settings, for example MA1 (default 1st Moving Average), MA1 Period (default 5) and MA1 Mode (default MODE_EMA). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 6 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 Multi Moving Average Scalping Strategy
Forex Multi Moving Average Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as MA1, Ma1 period and Ma1 mode. MQL source code included.
Files in the download: Alex5757000_MFTMA1.mq4, Alex5757000_MFTMA2.mq4, installation manual.txt, Multi moving average intraday trading.tpl, PivotsD_v5 (Black).ex4, PivotsD_v5 (Black).mq4, ZWinnerColorSignals.mq4, ZWINNER_TREND_INDICATOR.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| MA1 | 1st Moving Average | |
| Ma1 period | 5 | Averaging period. |
| Ma1 mode | MODE_EMA | Averaging method. |
| Ma1 price | PRICE_WEIGHTED | The type of the price used for calculaton of Moving Average. |
| MA2 | 2nd Moving Average | |
| Ma2 period | 8 | Period or timeframe used by the calculation |
| Ma2 mode | MODE_EMA | |
| Ma2 price | PRICE_WEIGHTED | |
| MA3 | 3rd Moving Average | |
| Ma3 period | 18 | Period or timeframe used by the calculation |
| Ma3 mode | MODE_EMA | |
| Ma3 price | PRICE_WEIGHTED | |
| MA4 | 4th Moving Average | |
| Ma4 period | 28 | Period or timeframe used by the calculation |
| Ma4 mode | MODE_EMA | |
| Ma4 price | PRICE_WEIGHTED | |
| Visual | Display parameters | |
| Wingdings | 0 -rectangles, 1 - arrows | |
| Bar wingdings | 1 | |
| Bar width | 0 | |
| Bar color up | Blue | Colour on the chart |
| Bar color down | Magenta | Colour on the chart |
| P1 position | 4 | |
| P2 position | 3 | |
| P3 position | 2 | |
| P4 position | 1 | |
| Gap | 0.6 | |
| Set label | Labels setting | |
| Show label | true | |
| V label | Vertical shift for text labels | |
| V shift | 0.5 | Bar shift (0 = current bar) |
| H label | Horizontal shift for text labels | |
| H shift | 10 | Bar shift (0 = current bar) |
| Up dn | Moving average Color UP/DOWN | |
| Text color up | PaleGreen | Colour on the chart |
| Text color down | PaleVioletRed | Colour on the chart |
| Indicator on | TRUE | |
| Use for forex | TRUE | |
| Use day formula | TRUE | |
| Exit period choices | M1, M5, M15, M30, H1, H4, D1 | 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 · Moving Average · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code