Magnum Scalping V.3 2
Magnum Scalping V.3 2 — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is short scalping trades. This copy is version 3.2. It has 10 settings, for example Text Color (default Chocolate), Font Size (default 10) and Font Name (default Lucida Console). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 · v3 · Free
About Magnum Scalping V.3 2
Magnum Scalping V.3 2 is an indicator for MetaTrader 4. It has 10 settings, such as Text color, Font size and Font name. MQL source code included.
Files in the download: Magnum Scalping V.3\Indicador Invertir Mejor 2.ex4, Magnum Scalping V.3\Magnum Scalping V.3.tpl, Magnum Scalping V.3\P4L CandleTime.mq4, Magnum Scalping V.3\Stochastic_Buy_Sell_Arrows.ex4, Magnum Scalping V.3\SuppRTF.ex4, Magnum Scalping V.3\vline_1_1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Text color | Chocolate | Colour on the chart |
| Font size | 10 | |
| Font name | Lucida Console | Was 9,Verdana but spaces were too narrow. Must have fixed font. Alt: Fixedsys |
| Display time by the bar | true | |
| Display time comment | false | Comment written on the orders |
| Text usually above price line | false | |
| Spread factor | 1.0 | 1.0 is normal. If >1, text is farther away from price line. |
| Auto time shift adjust | true | Necessary when used with "P4L PeriodCon.mq4". It adjusts for Symbol() names like: "EURUSD+1H" |
| Adjust weekly time remain by min | 0 | At least one broker's Weekly feed has a flakey error. The weekly bars SAY they begin |
| Line color | LightSlateGray | Colour on the chart |
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 · MT4 Indicator · MQL4 Source Code