Forex Box Fibonacci Breakout Trading Strategy
From the Old Kings archive: Forex Box Fibonacci Breakout Trading Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is Fibonacci retracement or extension levels and breakouts from a range. It has 5 settings, for example Start Time (default 04:00), End Time (default 07:00) and Num Days (default 10). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file 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 Fibonacci Breakout Trading Strategy
Forex Box Fibonacci Breakout Trading Strategy is an indicator for MetaTrader 4. It has 5 settings, such as Start time, End time and Num days. MQL source code included.
Files in the download: BoxFibo.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Start time | 04:00 | time for start of price establishment window |
| End time | 07:00 | time for end of price establishment window |
| Num days | 10 | |
| Box color | Blue | Colour on the chart |
| Fibo color | Gray | 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 · Fibonacci · MT4 Indicator · MQL4 Source Code