Forex Derma Bears Bulls Trading System
Forex Derma Bears Bulls Trading System is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses moving averages. It draws arrows on the chart and can send alerts. It has 8 settings, for example Fast (default 5), Slow (default 34) and Signal (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 7 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 Derma Bears Bulls Trading System
Forex Derma Bears Bulls Trading System is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 8 settings, such as Fast, Slow and Signal. MQL source code included.
Files in the download: Awesome_Signal_Alert.ex4, Awesome_Signal_Alert.mq4, DEMA_RLH.ex4, DEMA_RLH.mq4, Excalibur_Filters.ex4, FDM Entry Arrows with Alerts.ex4, FDM Entry Arrows with Alerts.mq4, installation manual.txt ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast | 5 | |
| Slow | 34 | |
| Signal | 5 | |
| Signal shift | 0 | Bar shift (0 = current bar) |
| Enable signal line alert | true | Turn this alert on or off |
| Enable zero line crossover alert | true | Turn this alert on or off |
| Ema period | 14 | Period or timeframe used by the calculation |
| Alerts | TRUE | Turn this alert on or off |
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 · Moving Average · MT4 Indicator · MQL4 Source Code