Forex Asymetric Channel Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Asymetric Channel Trading Strategy. As the name suggests, the idea behind it is price channels. In the code it works with ATR. It draws arrows on the chart and can send alerts. It has 9 settings, for example RISK (default 3), Count Bars (default 350) and Alert Delay In Seconds (default 0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Asymetric Channel Trading Strategy
Forex Asymetric Channel Trading Strategy is an indicator for MetaTrader 4 based on 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 9 settings, such as RISK, Count bars and Alert delay in seconds. MQL source code included.
Files in the download: GOLD999B.ex4, installation manual.txt, Trendsignal with asymetric channel.tpl, trendsignal.ex4, trendsignal.mq4, Vortex Indicator.ex4, Vortex Indicator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| RISK | 3 | Risk per trade (percent of balance) |
| Count bars | 350 | |
| Alert delay in seconds | 0 | Turn this alert on or off |
| Enablemail | true | Turn this alert on or off |
| Subject up | Buy signal | |
| Subject down | Sell signal | |
| Text up | Long | |
| Text down | Short | |
| Vi length | 28 |
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 · ATR · MT4 Indicator · MQL4 Source Code