Forex Channel Gain Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Channel Gain Trading Strategy. Its name points to price channels. In the code it works with moving averages, CCI and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 37 settings, for example Look Back (default 20), Median (default 5) and Price Type (default PRICE_MEDIAN). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 6 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 Gain Trading Strategy
Forex Channel Gain Trading Strategy is an indicator for MetaTrader 4 based on Moving Average, CCI and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 37 settings, such as Look back, Median and Price type. MQL source code included.
Files in the download: AdaptiveLaguerreFilter.mq4, Awesome-2.mq4, besar 01-.ex4, besar 01-.mq4, DoubleCCI-With_EMA.mq4, Forex Channel Gain.tpl, installation manual.txt, Magnified Market Price.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Look back | 20 | |
| Median | 5 | |
| Price type | PRICE_MEDIAN | |
| Mode ma | 0 | |
| Price | 4 | |
| Width | 2 | |
| Time frame | current time frame | Period or timeframe used by the calculation |
| Half length | 56 | |
| Bands deviations | 2.5 | |
| Interpolate | TRUE | |
| Alerts on | TRUE | Turn this alert on or off |
| Alerts on current | FALSE | Turn this alert on or off |
| Alerts on high low | TRUE | Turn this alert on or off |
| Alerts message | TRUE | Turn this alert on or off |
| Alerts sound | TRUE | Turn this alert on or off |
| Alerts email | FALSE | Turn this alert on or off |
| Trend cci period | 70 | Period or timeframe used by the calculation |
| Entry cci period | 30 | Period or timeframe used by the calculation |
| Show sma1 | true | |
| Sma1 period | 30 | Period or timeframe used by the calculation |
| Sma1 of trend cci or entry cci | EntryCCI_period | |
| Show sma2 | true | |
| Sma2 period | 5 | Period or timeframe used by the calculation |
| Sma2 of trend cci or entry cci | EntryCCI_period | |
| Sma3 period | 2 | Period or timeframe used by the calculation |
| Note1 | Change font colors automatically? True = | |
| Bid ask colors | True | Colour on the chart |
| Font color1 | DodgerBlue | Colour on the chart |
| Font color2 | Red | Colour on the chart |
| Note2 | Default Font Color | |
| Font color | Black | Colour on the chart |
| Note3 | Font Size | |
| Font size | 20 | |
| Note4 | Font Type | |
| Font type | Arial Bold | |
| Note5 | Display the price in what corner? | |
| What corner | 3 |
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 · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · CCI · ATR · MT4 Indicator · MQL4 Source Code