Scalping Wave Handelssystem
This Old Kings indicator for MetaTrader 4 is called Scalping Wave Handelssystem. Judging by its name, it is built around wave counting in the Elliott style and short scalping trades. It has 3 settings, for example Depth (default 12), Deviation (default 5) and Backstep (default 3). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 7 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 Scalping Wave Handelssystem
Scalping Wave Handelssystem is an indicator for MetaTrader 4. It has 3 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: Scalping Wave Handelssystem.tpl, #KG Support and Resistance.ex4, KG GGH Signal V.1.1.ex4, KG Wave Major.ex4, KG Wave Micro.ex4, KG Wave Minor.ex4, Wolf.mq4, Zig-Zagy.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Depth | 12 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
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