Forex Alchemy Trading Strategy
From the Old Kings archive: Forex Alchemy Trading Strategy, an indicator for MetaTrader 4. In the code it works with the Stochastic oscillator and moving averages. It draws arrows on the chart, can send alerts and shows an on-chart panel. It has 40 settings, for example SR (default 3,SRZZ=12,MainRZZ=34,FP=), Draw ZZ (default FALSE) and period Begin (default 03:00",periodEnd="06:00"). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 36 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 Alchemy Trading Strategy
Forex Alchemy Trading Strategy is an indicator for MetaTrader 4 based on Stochastic and Moving Average. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and shows several symbols in one panel. It has 40 settings, such as SR, Draw zz and Period begin. MQL source code included.
It also is set up for gold (XAUUSD).
Files in the download: !!!-BLANK.tpl, !!!-XARD ALCHEMY v2.6 FOREX.tpl, !!!-XARD ALCHEMY v2.6 GOLD.tpl, !!!-MT4 1st4HR-HLofWK.ex4, !!!-MT4 1st4HR-HLofWK.mq4, !!!-MT4 ARRZZX2.ex4, !!!-MT4 ARRZZX2.mq4, !!!-MT4 BREAKOUT BOX.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| SR | 3,SRZZ=12,MainRZZ=34,FP=21,SMF=3,PriceCo | |
| Draw zz | FALSE | |
| Period begin | 03:00",periodEnd="06:00",BoxEnd="18:00 | Hour when trading starts (server time) |
| Box hl color | C'30,60,100',BoxPeriodColor=C'30,100,60' | Colour on the chart |
| Candle color up | C'15,45,255',CandleColorWAIT= C'60,95,13 | Colour on the chart |
| Topline clr | clrBlack,BotlineClr=clrBlack,UpArrowClr= | |
| Line width | 8,ArrowWidth=17 | |
| Alerts on | false,alertsOnCurrent=true,alertsmsg=fal | Turn this alert on or off |
| Back ground color | clrWhite | Colour on the chart |
| Show daily open only | false,showLinesInBackground=true | |
| Target1 | 0.854,Target2=1.382,Target3=1.618,Target | |
| Daily pivot clr | clrLimeGreen,SuplevelsClr=clrFireBrick,R | |
| Show murreylines | false | |
| Step back | 0 | Distance between orders |
| Show timeleft | false,show_symbol_price=false | |
| Win | 0,Adjust_Side_to_side=10,Shift_UP_DN=0 | |
| Showcomments | false | Comment written on the orders |
| Bml 25 lines | false | |
| Bml 25 color | DarkSlateGray | Colour on the chart |
| Bml 25 style | 0 | |
| Bml 33 lines | false | |
| Bml 33 color | DarkSlateGray | Colour on the chart |
| Bml 33 style | 0 | |
| Bml 50 lines | false | |
| Bml 50 color | DarkSlateGray | Colour on the chart |
| Bml 50 style | 1 | |
| Note6 | Forecast Trend Line Adjustment | |
| Ftl color | clrWhite | Colour on the chart |
| Ftl width | 6 | |
| Forecast high trend line | true,DrawLowPivotSemafor=true,LowPivotTe | |
| Low pivot sound alarm | alert.wav | Turn this alert on or off |
| Color wait | C'100,100,100',ColorUP=clrSnow,ColorDOWN | Colour on the chart |
| Show high low levels | false | |
| Cycle width | 4,CyclebgdWidth=6 | |
| K period | 34,DPeriod=13,Slowing=2 | Period or timeframe used by the calculation |
| Show info text | true,showLargeText=true,showInfoBox=true | |
| Place info text in window | 0 | |
| Move info box up down | 30,moveInfoBoxLeftRight=0,movePriceSidew | |
| Show trafficlight | TRUE,showTimer=TRUE,DrawYdayHighLow=fals | |
| Up clr | clrGreen,DnClr=clrFuchsia |
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: Buy/Sell Arrows · Alerts · Dashboards & Scanners · Gold (XAUUSD) · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code