Forex Box Breakout Swing Trading Strategy
Forex Box Breakout Swing Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around breakouts from a range. Its source code uses the Stochastic oscillator, moving averages and fractals. It draws arrows on the chart. It has 10 settings, for example degree (default 3), kstd (default 2.0) and bars (default 250). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 10 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 Box Breakout Swing Trading Strategy
Forex Box Breakout Swing Trading Strategy is an indicator for MetaTrader 4 based on Stochastic, Moving Average and Fractals. It draws buy and sell arrows on the chart. It has 10 settings, such as Degree, Kstd and Bars. MQL source code included.
Files in the download: Breakout.ex4, CandleBreaker.ex4, i-Regr.mq4, i-regression with box breakout.tpl, Slope Direction Line.mq4, SupportResistance Levels.mq4, i-Reg.rtf, i-Regr.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Degree | 3 | |
| Kstd | 2.0 | |
| Bars | 250 | |
| Shift | 0 | Bar shift (0 = current bar) |
| Period | 80 | Period or timeframe used by the calculation |
| Method | 3 | MODE_SMA |
| Price | 0 | PRICE_CLOSE |
| Number of sup dem | 2 | |
| Top color | Maroon | Colour on the chart |
| Bot color | DarkBlue | Colour on the chart |
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 · Buy/Sell Arrows · Stochastic · Moving Average · Fractals · MT4 Indicator · MQL4 Source Code