Forex Power CFB Scalping Strategy
Forex Power CFB Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around short scalping trades. Its source code uses moving averages, Bollinger Bands and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 36 settings, for example Length (default 20), Deviation (default 1) and Money Risk (default 1.00). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 4 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 Power CFB Scalping Strategy
Forex Power CFB Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average, Bollinger Bands 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 36 settings, such as Length, Deviation and Money risk. MQL source code included.
Files in the download: BBands_Stop_v1_with_alert.mq4, cfb adaptive T3 velocity_mtf.mq4, Heiken Ashi Ma T3 new 2.mq4, installation manual.txt, PChannelLow (2).mq4, Power FX CFB Filter.tpl, power FX CFB Renko.tpl, power fx cfb.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Length | 20 | Bollinger Bands Period |
| Deviation | 1 | Deviation was 2 |
| Money risk | 1.00 | Offset Factor |
| Signal | 1 | Display signals mode: 1-Signals & Stops; 0-only Stops; 2-only Signals; |
| Line | 1 | Display line mode: 0-no,1-yes |
| Nbars | 2000 | |
| Sound on | true | Turn this alert on or off |
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Short limit | 10 | |
| Long limit | 20 | |
| Hot | 1.0 | |
| Price | PRICE_CLOSE | |
| Original | false | |
| Cfb depth | 3 | |
| Cfb smooth | 8 | |
| Cfb norm length | 50 | |
| Interpolate | true | |
| Ma period | 5 | Period or timeframe used by the calculation |
| Ma metod | ma_t3 | |
| Step | 0 | Distance between orders |
| Better formula | true | |
| T3 hot | 1.00 | |
| T3 original | false | |
| Sorted values | true | |
| Show arrows | false | |
| Alerts on | false | Turn this alert on or off |
| Alerts on current | false | 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 |
| Range | 14 | 14 |
| Distance to the arrow | 10 | Distance between orders |
| Size arrow | 3 | |
| Alerts | true | . |
| Shift | 0 | Bar shift (0 = current bar) |
| Proboi punkts | 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 · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · Bollinger Bands · ATR · MT4 Indicator · MQL4 Source Code