Quotex Scalping Indicator: Cross, RSI, Then A Cooldown

Written by Dominic Walsh · Published · Last updated

The quotex scalping indicator layers three simple ideas. Two short averages cross. A nine-bar RSI has to be past its level. A cooldown then keeps the next mark at least three bars away.

This build ships as a compiled .ex4 for MT4 and .ex5 for MT5; the screenshots below come from EURUSD H1.

Platforms MT4 (.ex4) + MT5 (.ex5)
Chart window Main price chart
Plots 4: FastEMA, SlowEMA, BuyArrow, SellArrow
Alerts popup, push notification, email, sound
Inputs 15

What the Quotex scalping Indicator draws on the chart

An aqua `FastEMA` line runs at `FastEmaPeriod` `5`.

An orange `SlowEMA` line runs at `SlowEmaPeriod` `13`.

`BuyArrow` uses code 233 and `SellArrow` uses 234.

Arrow spacing scales with range at `ArrowOffsetATR` `0.5`.

  • FastEMA: line, aqua, width 2
  • SlowEMA: line, orange, width 2
  • BuyArrow: arrow, lime, width 3, arrow code 233
  • SellArrow: arrow, red, width 3, arrow code 234
Quotex scalping indicator averages and filtered arrows on the EURUSD H1 chart.
Quotex scalping indicator averages and filtered arrows on the EURUSD H1 chart.

How the Quotex scalping Indicator calculates its values

Averages and reading are built here

No terminal calls appear for the averages or the RSI. The file computes both directly, seeding each from a simple mean before running the recursion.

Split levels leave a dead band

A buy needs the reading past `RsiBuyLevel` `55.0`. A sell needs it under `RsiSellLevel` `45.0`. Between those two figures nothing qualifies, which removes crosses with no momentum.

The non-repaint switch

`NonRepaint` `true` restricts every test to closed bars. Turning it off lets the current bar trigger, which means a mark can appear and then vanish before that bar finishes.

How to read the signals

`CooldownBars` `3` is why a busy stretch produces one mark rather than four.

Range-scaled arrow spacing means no per-instrument tuning.

The name points at a binary options broker rather than a method.

Nothing in the code is specific to that platform.

Alert channels in this build: popup, push notification, email and sound, one message per closed bar.

`EnableAlerts` is the parent toggle and starts true, and `EnableSound` also arrives on with `SoundFile` naming the clip. `EnablePopup` gives the terminal box, while `EnablePushNotify` and `EnableEmail` begin false.

Every Quotex scalping Indicator input

Core settings

Setting What it does Default
FastEmaPeriod Bars in the quick average, default `5`. 5
SlowEmaPeriod Bars in the slower average, default `13`. 13
RsiPeriod Window behind the momentum reading, default `9`. 9
RsiBuyLevel Level the reading must pass for a buy, default `55.0`. 55.0
RsiSellLevel Level it must fall under for a sell, default `45.0`. 45.0
AtrPeriod Window the arrow spacing reads from, default `14`. 14
CooldownBars Quiet bars enforced after each mark, default `3`. 3
NonRepaint Restrict every test to closed bars, default `true`. on

Display settings

Setting What it does Default
ArrowOffsetATR Arrow gap as a share of range, default `0.5`. 0.5

Alert settings

Setting What it does Default
EnableAlerts (see inputs panel) on
EnablePopup (see inputs panel) on
EnablePushNotify (see inputs panel) off
EnableEmail (see inputs panel) off
EnableSound Sound clip on a mark, default `true`. on
SoundFile (see inputs panel) alert.wav
Quotex scalping indicator inputs panel with FastEmaPeriod, RsiBuyLevel and CooldownBars.
Quotex scalping indicator inputs panel with FastEmaPeriod, RsiBuyLevel and CooldownBars.

Settings that fit your chart

Five and thirteen is a scalping pairing. EURUSD H1 is the reference chart, where marks arrive a few times a week. On M5 they come several times a session. Higher timeframes make the pair too slow for the name.

When the Quotex scalping Indicator fails

Two short averages cross constantly when the market goes sideways.

The dead band between 45 and 55 is narrow, so it filters less than it looks.

The sound route ships on, so a fresh install makes noise by default.

Copy the compiled Quotex scalping Indicator file into your MQL4/Indicators folder, and the MT5 build into MQL5/Indicators, then restart the terminal and drag it onto a chart. The step-by-step guide with screenshots is at how to install MT4 and MT5 indicators.

Background reading on the method behind the Quotex scalping Indicator: Stock market bubble on Wikipedia, Seasonality Charts at StockCharts ChartSchool.

Download the Quotex scalping Indicator for MT4 and MT5

The zip holds the compiled Quotex scalping Indicator build for MT4 and MT5, plus a short README. Compiled files only, no source. Enter your email below and the download link arrives in your inbox.

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FAQ

What does NonRepaint true actually enforce?

That every test reads completed bars only. With it on a printed mark stays where it printed. Turning it off lets the forming bar trigger, and that mark can disappear before the candle closes.

How much does the RsiBuyLevel gap filter?

Less than it appears. Fifty-five and forty-five leave only a ten-point dead band around the midpoint, so a nine-bar reading passes through it quickly. Widening the gap toward 60 and 40 filters far more.

Why scale the arrow gap by ArrowOffsetATR?

Because a fixed point count suits one instrument and no other. Half a range unit puts the arrow clear of the candle on a currency pair, on gold and on an index without any change.

Is anything here specific to Quotex?

No. The name points at a binary options broker, and the code contains no platform check, no expiry logic and no connection to any external service. It is an ordinary crossover tool.

Are results guaranteed?

No. Trading involves risk. Results are not guaranteed; past performance is not indicative of future results. Use the Quotex scalping Indicator as one input. Always backtest before trading live.

Category: this is part of our Signal and Forecast collection. Browse more Signal and Forecast for MetaTrader, or explore every MT4 indicator and MT5 indicator on the site.

External references

Dominic Walsh - Forex trader and MT4/MT5 developer

About the author

Written by Dominic Walsh, a Forex trader and MT4/MT5 indicator, Expert Advisor and script developer. Every tool on forexmt4systems.com is tested on live charts before release and ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files. Learn more about the trader and developer behind this site.

How we build, test and correct every tool: Editorial & Testing Policy. Trading carries risk; see the disclaimer.

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