Forex Double Stop Reversal Trading Strategy
Forex Double Stop Reversal Trading Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around reversals against the current move. Its source code uses moving averages and ATR. It draws arrows on the chart and can read another timeframe. It has 24 settings, for example emp0 (default /////////////main settin), period 1 (default 4) and period 2 (default 49). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 11 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 Stop Reversal Trading Strategy
Forex Double Stop Reversal Trading Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 24 settings, such as Emp0, Period 1 and Period 2. MQL source code included.
Files in the download: Double Stop Reversal.tpl, fx-trender (ver 2 djekiii-xxx).ex4, fx-trender (ver 2 djekiii-xxx).mq4, fx-trender.mq4, GRAALUn-HISTO.mq4, GRAALUn.ex4, GRAALUn.mq4, installation manual.txt ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Emp0 | /////////////main settings//////////// | |
| Period 1 | 4 | Number of bars in the calculation |
| Period 2 | 49 | Number of bars in the calculation |
| Hlines level | 0.07 | |
| Bars to count | 500 | |
| Emp1 | /////////////arrows settings//////////// | |
| Arrow code up | 233 | |
| Arrow code down | 234 | |
| Arrow color up | clrLime | Colour on the chart |
| Arrow color down | clrRed | Colour on the chart |
| Arrows width | 1 | |
| Period | 9 | Period or timeframe used by the calculation |
| Ma period1 | 5 | Number of bars in the calculation |
| Ma shift1 | 0 | Bar shift (0 = current bar) |
| Ma method1 | 3 | |
| Time frame | PERIOD_CURRENT | Period or timeframe used by the calculation |
| Cycle | CyclePlus | |
| Calculation | GRAAL | |
| Reverse | false | |
| Hi lo period | 18 | Period or timeframe used by the calculation |
| Show | Histo | |
| Show signal | true | |
| Signal period | 12 | Period or timeframe used by the calculation |
| Signal mode | MODE_LWMA |
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 · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code