Forex Weekly Scalping Trading Strategy
From the Old Kings archive: Forex Weekly Scalping Trading Strategy, an indicator for MetaTrader 4. Its name points to short scalping trades. It draws arrows on the chart and can send alerts. It has 28 settings, for example Clock Color (default Magenta), Period1 (default 5) and Period2 (default 12). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Weekly Scalping Trading Strategy
Forex Weekly Scalping Trading 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 28 settings, such as Clock color, Period1 and Period2. MQL source code included.
Files in the download: b-clock.mq4, Final Draft 3 semafor alert.mq4, installation manual.txt, Magnified Market Price.mq4, MA_of_RSX.mq4, MML_Multi_Option_v1.mq4.mq4, RSX.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Clock color | Magenta | Colour on the chart |
| Period1 | 5 | Number of bars in the calculation |
| Period2 | 12 | Number of bars in the calculation |
| Period3 | 35 | Number of bars in the calculation |
| Dev step 1 | 5,3 | 1,3 |
| Dev step 2 | 5,3 | 8,5 |
| Dev step 3 | 5,3 | 13,8 |
| Symbol 1 kod | 159 | |
| Symbol 2 kod | 159 | |
| Symbol 3 kod | 82 | |
| _____ | ||
| Note1 | Change font colors automatically? True = | |
| Bid ask colors | True | Colour on the chart |
| Note2 | Default Font Color | |
| Font color | Black | Colour on the chart |
| Note3 | Font Size | |
| Font size | 12 | |
| Note4 | Font Type | |
| Font type | Arial Black | |
| Note5 | Display the price in what corner? | |
| What corner | 1 | |
| Len | 10 | |
| Signal ma | 2 | |
| Ma method | 0:SMA 1:EMA 2:SMMA 3:LWMA | |
| Ma method | 0 | |
| Aa | String Colors | |
| Bullish | C'0,106,0' | |
| Bearish | C'157,0,0' |
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 → 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