Forex Double Bollinger Bands Breakout Binary Options Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Double Bollinger Bands Breakout Binary Options Strategy. Judging by its name, it is built around Bollinger Bands and breakouts from a range. In the code it works with the Stochastic oscillator, moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Processed (default 2000), Control Period (default 14) and Signal Period (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 33 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 Double Bollinger Bands Breakout Binary Options Strategy
Forex Double Bollinger Bands Breakout Binary Options Strategy is an indicator for MetaTrader 4 based on Stochastic, Moving Average 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 40 settings, such as Processed, Control period and Signal period. MQL source code included.
Files in the download: !vertex_mod_3.01 alerts + arrows (1).ex4, !vertex_mod_3.01 alerts + arrows (1).mq4, 01-10-Axel-Level.ex4, 01-10-Axel-Level.mq4, 1_bars_back.ex4, 2 uniks.ex4, 2 uniks.mq4, AIMS Box V5.1.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Processed | 2000 | |
| Control period | 14 | Period or timeframe used by the calculation |
| Signal period | 5 | Period or timeframe used by the calculation |
| Signal method | MODE_SMA | |
| Bb up period | 12 | Period or timeframe used by the calculation |
| Bb up deviation | 2 | |
| Bb dn period | 12 | Period or timeframe used by the calculation |
| Bb dn deviation | 2 | |
| Level ob | 6 | |
| Level os | -6 | |
| Extremelevel ob | 10 | |
| Extremelevel os | -10 | |
| Alerts on | true | Turn this alert on or off |
| Alerts on ob os | false | Turn this alert on or off |
| Alerts on extreme ob os | true | Turn this alert on or off |
| Alerts on current | false | 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 |
| Alerts notify | false | Turn this alert on or off |
| Soundfile | alert2.wav | Turn this alert on or off |
| Arrows visible | true | |
| Arrows identifier | vertex arrows1 | |
| Arrows upper gap | 1.0 | |
| Arrows lower gap | 1.0 | |
| Arrows on ob os | true | |
| Arrows ob os up color | LimeGreen | Colour on the chart |
| Arrows ob os dn color | Red | Colour on the chart |
| Arrows ob os up code | 241 | |
| Arrows ob os dn code | 242 | |
| Arrows ob os up size | 1 | |
| Arrows ob os dn size | 1 | |
| Arrows on extreme ob os | true | |
| Arrows extreme ob os up color | DeepSkyBlue | Colour on the chart |
| Arrows extreme ob os dn color | PaleVioletRed | Colour on the chart |
| Arrows extreme ob os up code | 159 | |
| Arrows extreme ob os dn code | 159 | |
| Arrows extreme ob os up size | 5 | |
| Arrows extreme ob os dn size | 5 | |
| Time correct | 0.0 |
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: Breakout · Bollinger Bands · Binary Options · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code