Forex Envelopes Winner Trading Strategy
Forex Envelopes Winner Trading Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to moving-average envelopes. Its source code uses moving averages, ADX, ATR and Parabolic SAR. It draws arrows on the chart and can send alerts. It has 10 settings, for example Renko Box Size (default 3.0), Renko Box Offset (default 0) and Renko Time Frame (default 7). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 10 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 Envelopes Winner Trading Strategy
Forex Envelopes Winner Trading Strategy is an indicator for MetaTrader 4 based on Moving Average, ADX, ATR and Parabolic SAR. 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 Renko box size, Renko box offset and Renko time frame. MQL source code included.
Files in the download: envelopes winner strategy.tpl, installation manual.txt, QTI.ex4, RenkoLiveChart_v600.6_indi.ex4, RenkoLiveChart_v600.6_indi.mq4, TrendEnvelopes_v2.ex4, TrendEnvelopes_v2.mq4, TSI.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Renko box size | 3.0 | |
| Renko box offset | 0 | |
| Renko time frame | 7 | Offline Timeframe |
| Show wicks | false | |
| Emulate on line chart | true | |
| Strange symbol name | false | |
| Ma period | 34 | Period or timeframe used by the calculation |
| Alert on | TRUE | Turn this alert on or off |
| Mail on | FALSE | |
| Rise period | 15 | Period or timeframe used by the calculation |
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: Channels & Envelopes · Buy/Sell Arrows · Alerts · Moving Average · ADX · ATR · Parabolic SAR · MT4 Indicator · MQL4 Source Code