Forex Engulfing MACD Pattern Trading Strategy
Forex Engulfing MACD Pattern Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to MACD (moving average convergence / divergence) and candlestick patterns. Its source code uses CCI and ATR. It draws arrows on the chart and marks candlestick patterns. It has 8 settings, for example View Bars (default 350), Sound Alert (default TRUE) and Email Alert (default FALSE). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 5 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 Engulfing MACD Pattern Trading Strategy
Forex Engulfing MACD Pattern Trading Strategy is an indicator for MetaTrader 4 based on CCI and ATR. It draws buy and sell arrows on the chart and marks candlestick patterns. It has 8 settings, such as View bars, Sound alert and Email alert. MQL source code included.
Files in the download: engulfing pattern with MACD.tpl, Engulfing_Patte.ex4, Engulfing_Patte.mq4, ForexMT4SystemsTrendLINE.ex4, ForexMT4SystemsTrendLINE.mq4, installation manual.txt, MACD 2Line.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| View bars | 350 | |
| Sound alert | TRUE | Turn this alert on or off |
| Email alert | FALSE | Turn this alert on or off |
| Sell color | White | Colour on the chart |
| Buy color | Red | Colour on the chart |
| Text color | White | Colour on the chart |
| CCI | 50 | |
| ATR | 5 |
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: MACD · Candlestick Patterns · Buy/Sell Arrows · CCI · ATR · MT4 Indicator · MQL4 Source Code