Forex RSI Winning Scalping Strategy
Forex RSI Winning Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is the RSI oscillator (overbought / oversold zones) and short scalping trades. Its source code uses RSI, moving averages and ATR. It can send alerts. It has 12 settings, for example COGPeriod (default 10), Bands Period (default 10) and Bands Deviations (default 1.0). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 RSI Winning Scalping Strategy
Forex RSI Winning Scalping Strategy is an indicator for MetaTrader 4 based on RSI, Moving Average and ATR. It can alert you with a pop-up, sound, email or push message. It has 12 settings, such as Cog period, Bands period and Bands deviations. MQL source code included.
Files in the download: Ehlers COG.mq4, Final.IndCOM.dll, gomegaauto.dll, _gomegaauto.dll, marketpulse_u.mq4, PivotsD_v5 (Black).ex4, rsi scalping Template.tpl, VininI_RSI_FO_2m.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Cog period | 10 | Period or timeframe used by the calculation |
| Bands period | 10 | Period or timeframe used by the calculation |
| Bands deviations | 1.0 | |
| Atr period | 20 | Period or timeframe used by the calculation |
| Rsi period | 5 | Period or timeframe used by the calculation |
| Rsi period1 | 5 | Number of bars in the calculation |
| Rsi price | 0 | |
| Ma period1 | 5 | Number of bars in the calculation |
| Ma period2 | 9 | Number of bars in the calculation |
| Ma method | 3 | |
| Pair1 | ||
| Pair2 |
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 · RSI · Alerts · Moving Average · ATR · MT4 Indicator · MQL4 Source Code