Forex Step MA Distance Scalping Strategy
From the Old Kings archive: Forex Step MA Distance Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is moving averages and short scalping trades. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 21 settings, for example Ma Period (default 9), Ma Shift (default 0) and Ma Method (default 3). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 5 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 Step MA Distance Scalping Strategy
Forex Step MA Distance 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 21 settings, such as Ma period, Ma shift and Ma method. MQL source code included.
Files in the download: installation manual.txt, Ma Distance From Price alerts nmc(2).ex4, Ma Distance From Price alerts nmc(2).mq4, StepChart with MA.tpl, StepChart_v1.ex4, StepChart_v1.mq4, THV4 TzPivotsD (Black).ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 9 | Period or timeframe used by the calculation |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Ma method | 3 | |
| Applied price | 0 | |
| High period | 1 | Period or timeframe used by the calculation |
| High shift | 0 | Bar shift (0 = current bar) |
| High method | 3 | |
| High price | PRICE_HIGH | |
| Low period | 1 | Period or timeframe used by the calculation |
| Low shift | 0 | Bar shift (0 = current bar) |
| Low method | 3 | |
| Low price | PRICE_LOW | |
| Pip buffer | 1.5 | |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Alerts notification | false | Turn this alert on or off |
| Price | 0 | Applied Price: 0-C,1-O,2-H,3-L,4-Median,5-Typical,6-Weighted |
| Step size | 20 | Size in pips |
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 · Moving Average · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code