Forex Asian Breakout Trading Strategy
Forex Asian Breakout Trading Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is the trading sessions (Asian, London, New York) and breakouts from a range. Its source code uses moving averages. It draws arrows on the chart and can send alerts. It has 40 settings, for example Unique ID (default Asian Session), Number Of Days (default 50) and period A begin (default 05:00). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 5 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 Asian Breakout Trading Strategy
Forex Asian Breakout Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Unique id, Number of days and Period a begin. MQL source code included.
Files in the download: ##BreakOut_BOX_5_Asian_Session_HLbox_SCREEN_TEXT_indicator.ex4, ##BreakOut_BOX_5_Asian_Session_HLbox_SCREEN_TEXT_indicator.mq4, ahal-gj.tpl, gj7-8.tpl, i-ParamonWorkTime.ex4, i-ParamonWorkTime.mq4, installation manual.txt, zwuk MA.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Unique id | Asian Session | --- Server Time --- GMT+2 --- |
| Number of days | 50 | |
| Period a begin | 05:00 | Day0 Sydney Open |
| Period a end | 09:00 | Day0 Frankfurt Open |
| Next day a | 0 | Set to zero if periodA_begin and periodA_end are on the same day. |
| Period b end | 15:00 | Day0 New York Open |
| Next day b | 0 | Set to zero if periodA_begin and periodB_end are on the same day. |
| Rect ab color1 | PowderBlue | Colour on the chart |
| Rect ab color2 | LightCoral | second rectangle color to indicate relative position of Open/Close |
| Rect ab background | true | true - filled solid; false - outline |
| Rect a color | Crimson | Colour on the chart |
| Rect a background | false | true - filled solid; false - outline |
| Rect b1 color | Orange | Colour on the chart |
| Rect b1 background | false | true - filled solid; false - outline |
| Rect b1 band | 0 | Box Break-Out Band for the Period B rectangle |
| Rects b2 color | SkyBlue | Colour on the chart |
| Rects b2 background | true | true - filled solid, false - outline |
| Rects b2 band | 5 | Box Break-Out Band for the two upper and lower rectangles |
| Open close | false | false - High/Low boxes; true - Open/Close boxes |
| Period b alerts | false | Alerts are set on the upper and lower sides of the upper and lower rectangles - rectsB2 |
| Asia begin | 01:00 | Hour when trading starts (server time) |
| Asia end | 09:00 | |
| Asia color | Red | Colour on the chart |
| Eur begin | 09:00 | Hour when trading starts (server time) |
| Eur end | 16:00 | |
| Eur color | Blue | Colour on the chart |
| Usa begin | 16:00 | Hour when trading starts (server time) |
| Usa end | 23:00 | |
| Usa color | Tan | Colour on the chart |
| Begin 1 | 08:00 | Hour when trading starts (server time) |
| End 1 | 11:00 | |
| Color 1 | DarkBlue | Colour on the chart |
| Begin 2 | 14:00 | Hour when trading starts (server time) |
| End 2 | 17:00 | |
| Color 2 | Brown | Colour on the chart |
| High range | False | |
| Period fast ma | 5 | Number of bars in the calculation |
| Period slow ma | 7 | Number of bars in the calculation |
| Mode fast ma | 1 | 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA |
| Mode slow ma | 1 | 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA |
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: Breakout · Trading Sessions · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code