Forex PFE High Frequency Scalping Strategy
From the Old Kings archive: Forex PFE High Frequency Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is short scalping trades. In the code it works with RSI and the Stochastic oscillator. It draws arrows on the chart and can read another timeframe. It has 28 settings, for example time Frame (default 0), n Period (default 10) and n Smooth (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 PFE High Frequency Scalping Strategy
Forex PFE High Frequency Scalping Strategy is an indicator for MetaTrader 4 based on RSI and Stochastic. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 28 settings, such as Time frame, N period and N smooth. MQL source code included.
Files in the download: 00jPFE_v100.ex4, 00jPFE_v100.mq4, installation manual.txt, PFE Scalping High Frequency.tpl, Pivots (Bain).ex4, Pivots (Bain).mq4, stoch+rsi_v2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | time frame |
| N period | 10 | PFE period |
| N smooth | 5 | smoothing period |
| Pf echange | 10 | signal condition, abs(pfe[2] - pfe[1]) > PFEchange |
| Pf ewidth | 10 | signal condition, abs(pfe[2]) >= PFEwidth |
| B smooth all | true | smooth other time frame |
| N max bars | 0 | number of bars, 0: no limit |
| Local time zone | 0 | |
| Dest time zone | 2 | |
| Line style | 2 | |
| Line style2 | 0 | |
| Line thickness | 1 | |
| Show comment | true | Comment written on the orders |
| Show high low open | false | |
| Show sweet spots | false | |
| Show pivots | true | |
| Show mid pitvot | true | |
| Show fibos | false | |
| Show camarilla | false | |
| Show level prices | true | |
| Bar for labels | 10 | number of bars from right, where lines labels will be shown |
| Debug logger | false | |
| Stoch per 0 | 2 | |
| Stoch per 1 | 3 | |
| Stoch per 2 | 4 | |
| Stoch per 3 | 5 | |
| Stoch per 4 | 5 | |
| Rsi per 0 | 5 |
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 · Multi-Timeframe (MTF) · RSI · Stochastic · MT4 Indicator · MQL4 Source Code