Channel Surfer Strategy
This Old Kings indicator for MetaTrader 4 is called Channel Surfer Strategy. Judging by its name, it is built around price channels. In the code it works with moving averages and ATR. It draws arrows on the chart and can send alerts. It has 16 settings, for example Fast EMA (default 21), Slow EMA (default 50) and Signal (default 9). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 12 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 Channel Surfer Strategy
Channel Surfer Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 16 settings, such as Fast ema, Slow ema and Signal. MQL source code included.
Files in the download: AgimatFX2020_PriceGrid.ex4, Breakout signal.ex4, Channel Surfer.ex4, FREE TRADING SYSTEMS AND INDICATORS.url, future macd.ex4, future macd.mq4, HalfTrend-1.02.ex4, HalfTrend-1.02.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast ema | 21 | Fast ema |
| Slow ema | 50 | Slow ema |
| Signal | 9 | Signal period |
| Price | PRICE_CLOSE | MACD price |
| Signal method | MODE_EMA | Signal method |
| Amplitude | 2 | |
| Show bars | false | |
| Show arrows | false | |
| Alerts on | false | Turn this alert on or off |
| Alerts on current | false | 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 |
| Depth | 115 | 105;//21; |
| Deviation | 130 | 120;//24; |
| Backstep | 80 | 70;//14; |
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: Channels & Envelopes · Buy/Sell Arrows · Alerts · Moving Average · ATR · MT4 Indicator · MQL4 Source Code