Forex Slope Direction Scalping Strategy
Forex Slope Direction 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 moving averages. It draws arrows on the chart and can send alerts. It has 10 settings, for example period (default 40), method (default 3) and price (default 0). 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 Slope Direction Scalping Strategy
Forex Slope Direction Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 10 settings, such as Period, Method and Price. MQL source code included.
Files in the download: gu-15m.tpl, installation manual.txt, Slope Direction Line Alert2.mq4, TrendEnvelopes_v2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period | 40 | Period or timeframe used by the calculation |
| Method | 3 | MODE_SMA |
| Price | 0 | PRICE_CLOSE |
| Email on | true | 0 = false 1 = true |
| Sound on | true | 0 = false 1 = true |
| Ma period | 10 | Period or timeframe used by the calculation |
| Ma method | 0 | |
| Use signal | 0 | |
| Alert mode | 0 | Turn this alert on or off |
| Warning mode | 0 |
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 · Moving Average · MT4 Indicator · MQL4 Source Code