Forex Caos Reversal Trading Strategy
From the Old Kings archive: Forex Caos Reversal Trading Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around reversals against the current move. In the code it works with ATR, Momentum and Heiken Ashi. It draws arrows on the chart and can send alerts. It has 21 settings, for example Fast Limit (default 0.5), Slow Limit (default 0.05) and Number Of Days (default 50). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 14 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 Caos Reversal Trading Strategy
Forex Caos Reversal Trading Strategy is an indicator for MetaTrader 4 based on ATR, Momentum and Heiken Ashi. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 21 settings, such as Fast limit, Slow limit and Number of days. MQL source code included.
Files in the download: b-Profitunity_MT4.mqh, PriceSeries.mqh, stderror.mqh, stdlib.mqh, WinUser32.mqh, #MAMA_NK.ex4, #MAMA_NK.mq4, i-Sessions.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast limit | 0.5 | |
| Slow limit | 0.05 | |
| Number of days | 50 | |
| Asia begin | 01:00 | Hour when trading starts (server time) |
| Asia end | 10:00 | |
| Asia color | Goldenrod | Colour on the chart |
| Eur begin | 07:00 | Hour when trading starts (server time) |
| Eur end | 16:00 | |
| Eur color | Tan | Colour on the chart |
| Usa begin | 14:00 | Hour when trading starts (server time) |
| Usa end | 23:00 | |
| Usa color | PaleGreen | Colour on the chart |
| Watr k | 7 | |
| Watr m | 3.0 | |
| ATR | 21 | |
| Equals | 5 | |
| N left up | 2 | |
| N right up | 2 | |
| N left down | 2 | |
| N right down | 2 | |
| Bars to process | 1000 | (-1 ) |
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: Buy/Sell Arrows · Alerts · ATR · Momentum · Heiken Ashi · MT4 Indicator · MQL4 Source Code