Forex Twin Blade Scalping Strategy
From the Old Kings archive: Forex Twin Blade Scalping Strategy, an expert advisor (trading robot) for MetaTrader 4. Its name points to short scalping trades. In the code it works with RSI and the Stochastic oscillator. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 40 settings, for example Settings n 1 (default ------------------------), Side (default 1) and MP Y (default 0). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 14 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.
Expert advisor · MT4 · v1.0 · Free
About Forex Twin Blade Scalping Strategy
Forex Twin Blade Scalping Strategy is an expert advisor (trading robot) for MetaTrader 4 based on RSI and Stochastic. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 40 settings, such as Settings n 1, Side and Mp y. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: #MarketPrice _v1_4.mq4, #SpudFibo.mq4, AltrTrend_Signal_v2_2-Alert.mq4, AltrTrend_Signal_v2_2.mq4, ASCTrend_Sound_Sandy.mq4, BarTimer.mq4, CandleTime.mq4, daily_openline.mq4 ….
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Settings n 1 | -------------------------- | |
| Side | 1 | |
| Mp y | 0 | |
| Mp x | 0 | |
| Settings n 2 | -------------------------- | |
| Colors setting | Setting for Colors | Colour on the chart |
| Highest color | Blue | Colour on the chart |
| Distance from highest color | DodgerBlue | Distance between orders |
| Lowest color | Red | Colour on the chart |
| Distance from lowest color | OrangeRed | Distance between orders |
| Hi to lo color | Peru | Colour on the chart |
| Daily av up color | Blue | Colour on the chart |
| Daily av dn color | Red | Colour on the chart |
| Time n spread color | LimeGreen | Maximum spread allowed to trade |
| Pips to open up color | Blue | Colour on the chart |
| Pips to open dn color | Red | Colour on the chart |
| Settings n 3 | -------------------------- | |
| Signals settings | Settings for Signals | |
| Show signals | true | |
| Buy se ll settings | -------------------------- | |
| Ma fast period | 1 | Period or timeframe used by the calculation |
| Ma fast method | 0 | |
| Ma fast apply to | 0 | |
| Ma fast shift | 0 | Bar shift (0 = current bar) |
| Ma slow period | 4 | Period or timeframe used by the calculation |
| Ma slow method | 0 | |
| Ma slow apply to | 1 | |
| Ma slow shift | 0 | Bar shift (0 = current bar) |
| T rend settings | -------------------------- | |
| Tma fast period | 1 | Period or timeframe used by the calculation |
| Tma fast method | 0 | |
| Tma fast apply to | 0 | |
| Tma fast shift | 0 | Bar shift (0 = current bar) |
| Tma slow period | 20 | Period or timeframe used by the calculation |
| Tma slow method | 0 | |
| Tma slow apply to | 0 | |
| Tma slow shift | 0 | Bar shift (0 = current bar) |
| Strength settings | -------------------------- | |
| Rsi period | 5 | Period or timeframe used by the calculation |
| Rsi price type | 0 |
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 → Experts.
- 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 expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Scalping · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · RSI · Stochastic · MT4 Indicator · MQL4 Source Code