Forex Top Reversals Scalping Strategy
Forex Top Reversals Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is short scalping trades. Its source code uses moving averages and ATR. It has 6 settings, for example MA PERIOD (default 20), MA MODE (default 0) and PRICE MODE (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Top Reversals Scalping Strategy
Forex Top Reversals Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. It has 6 settings, such as Ma period, Ma mode and Price mode. MQL source code included.
Files in the download: installation manual.txt, keltner channels reversal scalping system.tpl, KeltnerChannel_v1.mq4, [iC2R]LuckyStarV2.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 20 | Period or timeframe used by the calculation |
| Ma mode | 0 | |
| Price mode | 5 | |
| Atr period | 10 | Period or timeframe used by the calculation |
| K | 2.0 | |
| Atr mode | false |
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 · ATR · MT4 Indicator · MQL4 Source Code