Forex Raptor Explosion Scalping Strategy
Forex Raptor Explosion Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is short scalping trades. Its source code uses MACD and Bollinger Bands. It draws arrows on the chart and can send alerts. It has 28 settings, for example comment1 (default MBFX system settings), smoothing (default 30) and ext (default 25.0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Raptor Explosion Scalping Strategy
Forex Raptor Explosion Scalping Strategy is an indicator for MetaTrader 4 based on MACD and Bollinger Bands. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 28 settings, such as Comment1, Smoothing and Ext. MQL source code included.
Files in the download: BKMGC1.ex4, installation manual.txt, MBFXV32.ex4, MBFXV32.mq4, RAPTOR EXPLOSION.ex4, RAPTOR EXPLOSION.mq4, Raptor Explosion.tpl, SAR Forex.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Comment1 | MBFX system settings | Comment written on the orders |
| Smoothing | 30 | |
| Ext | 25.0 | |
| Comment2 | Money management settings | Comment written on the orders |
| First stop | 6 | |
| Second stop | 6 | |
| Min reward risk | 2.0 | Risk per trade (percent of balance) |
| Stop method | 1 | |
| Remove objectives when hit | FALSE | |
| Comment3 | Alert settings | Comment written on the orders |
| FALSE | Turn this alert on or off | |
| Entry | FALSE | |
| Target hit | FALSE | |
| Stop hit | FALSE | |
| Target hit voice | FALSE | |
| Stop hit voice | FALSE | |
| Draw trendlines and arrows | TRUE | |
| Bars back | 300 | |
| Sensetive | 200 | |
| Dead zone pip | 15 | |
| Explosion power | 6 | |
| Trend power | 6 | |
| Alert window | true | Turn this alert on or off |
| Alert count | 500 | Turn this alert on or off |
| Alert long | true | Turn this alert on or off |
| Alert short | true | Turn this alert on or off |
| Alert exit long | true | Turn this alert on or off |
| Alert exit short | true | Turn this alert on or off |
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 · MACD · Bollinger Bands · MT4 Indicator · MQL4 Source Code