Forex Trade Channel Scalping Strategy
Forex Trade Channel Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around price channels and short scalping trades. It can send alerts. It has 7 settings, for example Slw (default 8), Pds (default 13) and Slwsignal (default 9). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Trade Channel Scalping Strategy
Forex Trade Channel Scalping Strategy is an indicator for MetaTrader 4. It 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: doda-stochastic.mq4, installation manual.txt, trade channel scalping system.tpl, trade-channel.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Slw | 8 | |
| Pds | 13 | |
| Slwsignal | 9 | |
| Barcount | 2000 | |
| N left | 50 | |
| N right | 50 | |
| Filter | 10 |
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 · Channels & Envelopes · Alerts · MT4 Indicator · MQL4 Source Code