Forex 5 Candles Reversal Binary Options Strategy
This Old Kings indicator for MetaTrader 4 is called Forex 5 Candles Reversal Binary Options Strategy. Its name points to reversals against the current move. It draws arrows on the chart. It has 5 settings, for example Use Full Candle Size (default false), Number Of Candles (default 2) and Arrow Distance (default 3). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 4 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 Forex 5 Candles Reversal Binary Options Strategy
Forex 5 Candles Reversal Binary Options Strategy is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 5 settings, such as Use full candle size, Number of candles and Arrow distance. MQL source code included.
Files in the download: 5 candles reversal binary options strategy highlow.tpl, installation manual.txt, Reversal_Indicator_v2.ex4, Reversal_Indicator_v2.mq4, Robby DSS Bressert Colored_A(8-8).ex4, Robby DSS Bressert Colored_A(8-8).mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Use full candle size | false | |
| Number of candles | 2 | |
| Arrow distance | 3 | Distance between orders |
| Ema period | 8 | Period or timeframe used by the calculation |
| Stochastic period | 8 | Period or timeframe used by the calculation |
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: Binary Options · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code