Forex Classic Turtle Trading Indicator
From the Old Kings archive: Forex Classic Turtle Trading Indicator, an indicator for MetaTrader 4. In the code it works with ATR. It draws arrows on the chart and can send alerts. It has 10 settings, for example Trade Period (default 20), Stop Period (default 10) and Strict Entry (default false). 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 Classic Turtle Trading Indicator
Forex Classic Turtle Trading Indicator is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 10 settings, such as Trade period, Stop period and Strict entry. MQL source code included.
Files in the download: installation manual.txt, TheClassicTurtleTrader.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Trade period | 20 | Donchian channel period for trading signals |
| Stop period | 10 | Donchian channel period for exit signals |
| Strict entry | false | Apply strict entry parameters like the Turtles did |
| Strict exit | false | Apply strict exit parameters like the Turtles did |
| Strict stop | false | Apply strict stop-loss like the turtled did |
| Greedy | false | Do not exit a trade unless it is in profit or the SL is hit |
| Evaluate stoploss | true | Check if we have been stopped out and show future signals |
| Atr period | 20 | ATRPeriod to set the stop-loss |
| Atr stop number | 2 | N.Factor to calculate the stop-loss |
| Display alerts | false | You know... |
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 · MT4 Indicator · MQL4 Source Code