Forex Bollinger Bands Breakout Binary Options Strategy
Forex Bollinger Bands Breakout Binary Options Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to Bollinger Bands and breakouts from a range. Its source code uses ATR. It draws arrows on the chart and can send alerts. It has 7 settings, for example short atr (default 7), long atr (default 49) and triglevel (default 1.00). 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 Bollinger Bands Breakout Binary Options Strategy
Forex Bollinger Bands Breakout Binary Options 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 7 settings, such as Short atr, Long atr and Triglevel. MQL source code included.
Files in the download: 5min binary options strategy bollinger band breakout high low.tpl, ATR ratio.ex4, ATR ratio.mq4, installation manual.txt, TheTurtleTradingChannel.ex4, TheTurtleTradingChannel.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Short atr | 7 | |
| Long atr | 49 | |
| Triglevel | 1.00 | |
| Trade period | 20 | Donchian channel period for trading signals |
| Stop period | 10 | Donchian channel period for exit signals |
| Strict | false | Apply strict entry parameters like the Turtles did |
| Display alerts | false | You know... |
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 · Bollinger Bands · Binary Options · Buy/Sell Arrows · Alerts · ATR · MT4 Indicator · MQL4 Source Code