F Xmagicwave
F Xmagicwave — a MetaTrader 4 indicator kept in the Old Kings collection. Its source code uses moving averages. It can send alerts and shows an on-chart panel. It has 21 settings, for example Risk to Reward ratio (default 5.0), Stop Loss (default 1) and Daily Average (default 60). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 3 indicator files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 F Xmagicwave
F Xmagicwave is an indicator for MetaTrader 4 based on Moving Average. It can alert you with a pop-up, sound, email or push message and shows several symbols in one panel. It has 21 settings, such as Risk to reward ratio, Stop loss and Daily average. MQL source code included.
Files in the download: eur 15 min 06-16-11 6.gif, eur 15 min 06-20-2011.gif, gbp 5 min 06-22-2011.gif, gbp 5 min 06-23-2011.gif, gbp usd 15 min 06-13-2011 4.gif, gbp usd 15 min 06-13-2011 5.gif, gbp usd 5 min 06-13-2011 long 2.gif, gbp usd 5 min 06-13-2011 long.gif ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Risk to reward ratio | 5.0 | Risk per trade (percent of balance) |
| Stop loss | 1 | Stop loss distance |
| Daily average | 60 | |
| Weekly average | 26 | |
| Monthly average | 24 | |
| Skip sundays | true | |
| Skip trade text | true | |
| Time zone of data | 0 | |
| Fast ema | 12 | 2 |
| Slow ema | 26 | 8 |
| Signal sma | 9 | 6 |
| Show histogram | true | |
| Show macd line | true | true |
| Show signal line | true | false |
| Sound alert | true | Turn this alert on or off |
| Email alert | false | Turn this alert on or off |
| Mac dzero line cross alert | true | Turn this alert on or off |
| Macd signal line cross alert | true | Turn this alert on or off |
| Macd direction change alert | false | Turn this alert on or off |
| Two bars dir chage confirm | false | |
| Show alert status | 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: Alerts · Dashboards & Scanners · Moving Average · MT4 Indicator · MQL4 Source Code