Forex Ross Hook Scalping Strategy
Forex Ross Hook 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 and Bollinger Bands. It can send alerts. It has 33 settings, for example downcolor (default Red), upcolor (default Green) and faildncolor (default DarkSalmon). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 2 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 Ross Hook Scalping Strategy
Forex Ross Hook Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and Bollinger Bands. It can alert you with a pop-up, sound, email or push message. It has 33 settings, such as Downcolor, Upcolor and Faildncolor. MQL source code included.
Files in the download: installation manual.txt, Ross Hook show 123.tpl, Ross Hook_show123v2 Alerts.mq4, trigger.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Downcolor | Red | Colour on the chart |
| Upcolor | Green | Colour on the chart |
| Faildncolor | DarkSalmon | Colour on the chart |
| Failupcolor | DarkSeaGreen | Colour on the chart |
| Bbreakcolor | DodgerBlue | Colour on the chart |
| Maxbars | 100 | 500; |
| Aggression | 1 | |
| Behaviourswitches | 259 | 1+2+256; |
| Rejectifheightlessthan | 15 | |
| Targetpercent123 | 100 | |
| Targetstart123 | 2 | |
| Showrosshooks | TRUE | |
| Fontname | Arial Black | |
| Fontsize | 8 | |
| Pip text height | 0 | |
| Showbandbreaks | FALSE | hm, I assume instead of the iBands-command the iCustom-command should be used (double/int stuff), fx |
| Onlyshow1stbreak | TRUE | |
| Bandperiod | 20 | Period or timeframe used by the calculation |
| Banddev | 2.0 | |
| Adjust point | TRUE | |
| Ahis | ******* ALERT SETTINGS: | |
| Up ross hook alerts | true | Turn this alert on or off |
| Down ross hook alerts | true | Turn this alert on or off |
| Alert candle | 1 | Turn this alert on or off |
| Popup alerts | TRUE | Turn this alert on or off |
| Email alerts | false | Turn this alert on or off |
| Push notification alerts | false | Turn this alert on or off |
| Sound alerts | false | Turn this alert on or off |
| Sound file high | alert.wav | Turn this alert on or off |
| Sound file low | alert2.wav | Turn this alert on or off |
| Fast ema | 5 | |
| Slow ema | 13 | |
| Signal sma | 1 |
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 · Alerts · Moving Average · Bollinger Bands · MT4 Indicator · MQL4 Source Code