Forex Evaluation Trading Strategies Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Evaluation Trading Strategies Indicator. In the code it works with moving averages and ATR. It draws arrows on the chart and can send alerts. It has 21 settings, for example MAFast Bars (default 10), MAFast Type (default MODE_EMA) and MAFast Price (default PRICE_WEIGHTED). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 2 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 Evaluation Trading Strategies Indicator
Forex Evaluation Trading Strategies Indicator is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 21 settings, such as Ma fast bars, Ma fast type and Ma fast price. MQL source code included.
Files in the download: installation manual.txt, StrategyIndi_1_0.mq4, StrategySim_1_0.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma fast bars | 10 | |
| Ma fast type | MODE_EMA | |
| Ma fast price | PRICE_WEIGHTED | |
| Ma slow bars | 30 | |
| Ma slow type | MODE_SMMA | |
| Ma slow price | PRICE_WEIGHTED | |
| Chand bars | 7 | |
| Chand atr fact | 2.0 | |
| Risk percent | 2.0 | risk for lot calculation according to the SL (for manual trading info) |
| Offset | 10 | offset for arrows in pips |
| Bars back | 2000 | |
| Info color | Snow | Colour on the chart |
| Alert sound | alert.wav | Turn this alert on or off |
| Use sound alert | true | Turn this alert on or off |
| Use popup alert | true | Turn this alert on or off |
| Write to log | false | |
| 1 | *** Simulator settings *** | |
| 11 | MaxLossAtSL - how much loss (in currency | |
| Max loss at sl | 200.0 | |
| Statistics color | Yellow | Colour on the chart |
| 2 | *** Trading indicator settings (which ma |
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 · ATR · MT4 Indicator · MQL4 Source Code