Forex XPS V7 Intraday Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex XPS V7 Intraday Scalping Strategy. As the name suggests, the idea behind it is short scalping trades. The file name marks it as version 7. In the code it works with RSI, the Stochastic oscillator and moving averages. It draws arrows on the chart, can send alerts and can read another timeframe. It has 29 settings, for example SF (default 5), RSIPeriod (default 14) and WP (default 4.236). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 5 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 · v7 · Free
About Forex XPS V7 Intraday Scalping Strategy
Forex XPS V7 Intraday Scalping Strategy is an indicator for MetaTrader 4 based on RSI, Stochastic and Moving Average. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 29 settings, such as SF, Rsi period and WP. MQL source code included.
Files in the download: !XPS v7 QQE ALERTS.mq4, 4 time frame stochastic 2.mq4, BUY-SELL.SIGNAL.ex4, BUY-SELL.SIGNAL.mq4, installation manual.txt, SDX-TzPivots.ex4, XPS V7 Intraday System.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| SF | 5 | |
| Rsi period | 14 | Period or timeframe used by the calculation |
| WP | 4.236 | |
| Upper bound | 60 | |
| Lower bound | 40 | |
| Alerts on | true | Turn this alert on or off |
| Alerts signal line cross | false | Turn this alert on or off |
| Alerts on current | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Time frame1 | Current time frame | Period or timeframe used by the calculation |
| Time frame2 | next1 | Period or timeframe used by the calculation |
| Time frame3 | next2 | Period or timeframe used by the calculation |
| Time frame4 | next3 | Period or timeframe used by the calculation |
| Stochastic k | 14 | |
| Stochastic d | 3 | |
| Stochastic slowing | 3 | |
| Stochastic price | 0 | |
| Signal line ma method | MODE_SMA | |
| Unique id | 4 Time Stochastic 1 | |
| Lines width | 0 | |
| Labels color | DarkGray | Colour on the chart |
| Labels horizontal shift | 5 | Bar shift (0 = current bar) |
| Labels vertical shift | 1.5 | Bar shift (0 = current bar) |
| Alerts level | 3 | Turn this alert on or off |
| Fast ema | 13 | |
| Slow ema | 21 | |
| Alerts | TRUE | Turn this alert on or off |
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 · Multi-Timeframe (MTF) · RSI · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code