Forex Renko Scalping Binary Options Strategy
Forex Renko Scalping Binary Options Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is Renko bricks and short scalping trades. Its source code uses MACD and moving averages. It has 8 settings, for example Bands Period (default 20), Bands Shift (default 0) and Bands Deviations (default 2.0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 14 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 Renko Scalping Binary Options Strategy
Forex Renko Scalping Binary Options Strategy is an indicator for MetaTrader 4 based on MACD and Moving Average. It has 8 settings, such as Bands period, Bands shift and Bands deviations. MQL source code included.
Files in the download: ++TIME.ex4, Bands.ex4, Bands.mq4, Filter.ex4, impuls.ex4, impuls.mq4, KFSE_RSI_Bars_Swing.ex4, KFSE_STOCH_Bars_Swing - тренд.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Bands period | 20 | Bands Period |
| Bands shift | 0 | Bands Shift |
| Bands deviations | 2.0 | Bands Deviations |
| History | 5000 | |
| Period ema | 13 | Number of bars in the calculation |
| Period macd1 | 12 | Number of bars in the calculation |
| Period macd2 | 26 | Number of bars in the calculation |
| Period macd3 | 9 | 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 · Renko · Binary Options · MACD · Moving Average · MT4 Indicator · MQL4 Source Code