Forex Trend Reversals Scalping Strategy
From the Old Kings archive: Forex Trend Reversals Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is short scalping trades and following the trend. In the code it works with MACD and moving averages. It can read another timeframe. It has 40 settings, for example IIIIIIIIIIIIIIIIIIIIIIIII (default <<<< Show/Lines/Comments), Draw Main Lines (default false) and Draw M Lines (default false). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 19 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 Trend Reversals Scalping Strategy
Forex Trend Reversals Scalping Strategy is an indicator for MetaTrader 4 based on MACD and Moving Average. It can show data from another timeframe (MTF). It has 40 settings, such as Iiiiiiiiiiiiiiiiiiiiiiiii, Draw main lines and Draw m lines. MQL source code included.
Files in the download: #Pivot-point-vTEXT_v3.ex4, #Pivot-point-vTEXT_v3.mq4, All MACD v1.0.ex4, All MACD v1.0.mq4, Bid_View2.0M.ex4, CandleTime THV.ex4, CandleTime THV.mq4, FractalChannel.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Iiiiiiiiiiiiiiiiiiiiiiiii | <<<< Show/Lines/Comments >>>>>>>>>>>>>>> | |
| Draw main lines | false | |
| Draw m lines | false | |
| Show comments main levels | true | Comment written on the orders |
| Show comments m levels | true | Comment written on the orders |
| Iiiiiiiiiiiiiiiiiiiiiiiiii | <<<< Line/Comments/Colors >>>>>>>>>>>>>> | |
| Iiiiiiiiiiiiiiiiiiiiiiiiiiiii | <<<< Main Level/Colors >>>>>>>>>>>>>>>> | |
| R3 color | C'0,91,191' | Blue;//SlateGray; |
| R2 color | DodgerBlue | SlateGray; |
| R1 color | DeepSkyBlue | LightSkyBlue;//SlateGray; |
| Pp color | Silver | DimGray;//Peru; |
| S1 color | Goldenrod | SlateGray; |
| S2 color | OrangeRed | Colour on the chart |
| S3 color | Brown | SlateGray; |
| Iiiiiiiiiiiiiiiiiiiiiiiiiiiiii | <<<< M Level/Colors >>>>>>>>>>>>>>>> | |
| M5 color | RoyalBlue | DarkGray; |
| M4 color | CornflowerBlue | DeepSkyBlue;//DarkGray; |
| M3 color | Aqua | DarkGray; |
| M2 color | Orange | DarkGray; |
| M1 color | Chocolate | DarkGray; |
| M0 color | Crimson | DarkGray; |
| Iiiiiiiiiiiiiiiiiiiiiiiiiii | <<<< Comment Movements >>>>>>>>>>>>>>>>> | |
| Adjust comments up down | 0 | Comment written on the orders |
| Adjust comments sideways | 0 | Comment written on the orders |
| Sebelah | 3 | |
| Shift y | -5 | Bar shift (0 = current bar) |
| Shift x | -23 | default = 8 |
| Set comments top right | false | Comment written on the orders |
| Pointer color | Lime | Colour on the chart |
| Iiiiiiiiiiiiiiiiiiiiiiiiiiii | <<<< Comments/font size >>>>>>>>>>>>>>>> | |
| Fontsize | 8 | |
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal | 9 | |
| Price field | 0 | |
| __ | Chose timeframes | |
| Bars per time frame | 35 | Period or timeframe used by the calculation |
| Shift right | False | Bar shift (0 = current bar) |
| Current first | True | |
| Equalize | True |
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 · Trend · Multi-Timeframe (MTF) · MACD · Moving Average · MT4 Indicator · MQL4 Source Code