Forex Three Candles Reversal Scalping Strategy
Forex Three Candles Reversal Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around short scalping trades and reversals against the current move. It draws arrows on the chart and can send alerts. It has 7 settings, for example Slw (default 8), Pds (default 13) and Slwsignal (default 9). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 6 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 Three Candles Reversal Scalping Strategy
Forex Three Candles Reversal Scalping 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 7 settings, such as Slw, Pds and Slwsignal. MQL source code included.
Files in the download: 3 candles reversal intraday system.tpl, doda-stochastic.ex4, doda-stochastic.mq4, installation manual.txt, JMO_V5.ex4, Pivots_Daily.ex4, Reversal_Indicator_v2.ex4, Reversal_Indicator_v2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Slw | 8 | |
| Pds | 13 | |
| Slwsignal | 9 | |
| Barcount | 2000 | |
| Use full candle size | false | |
| Number of candles | 2 | |
| Arrow distance | 3 | Distance between orders |
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 · MT4 Indicator · MQL4 Source Code