Forex Channel Beater Trading Strategy
From the Old Kings archive: Forex Channel Beater Trading Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is price channels. In the code it works with CCI and ATR. It has 5 settings, for example TCCIp (default 7), CCIp (default 13) and overbslevel (default 200.0). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Channel Beater Trading Strategy
Forex Channel Beater Trading Strategy is an indicator for MetaTrader 4 based on CCI and ATR. It has 5 settings, such as Tcc ip, Cc ip and Overbslevel. MQL source code included.
Files in the download: BBands_Stop_v1.ex4, GOLD999C.ex4, GOLD999D.ex4, installation manual.txt, The Best Trading System.tpl, TLab_CCI.ex4, TLab_CCI.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Tcc ip | 7 | |
| Cc ip | 13 | |
| Overbslevel | 200.0 | |
| Triglevel | 50.0 | |
| Weight | 1.0 |
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 · CCI · ATR · MT4 Indicator · MQL4 Source Code