Forex Scalping Bollinger Bands Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Scalping Bollinger Bands Trading Strategy. Judging by its name, it is built around Bollinger Bands and short scalping trades. It draws arrows on the chart and can send alerts. It has 3 settings, for example RISK (default 3), SSP (default 9) and Enablemail (default false). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Scalping Bollinger Bands Trading Strategy
Forex Scalping Bollinger Bands Trading Strategy is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 3 settings, such as RISK, SSP and Enablemail. MQL source code included.
Files in the download: bollinger bands scalping system.tpl, indi#1.ex4, indi#2.ex4, installation manual.txt, Trendsignal_version_2.ex4, Trendsignal_version_2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| RISK | 3 | Risk per trade (percent of balance) |
| SSP | 9 | |
| Enablemail | false | 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 · Bollinger Bands · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code