Forex Fast Direction Trading System
This Old Kings indicator for MetaTrader 4 is called Forex Fast Direction Trading System. In the code it works with ATR. It draws arrows on the chart. It has 8 settings, for example Use ATRMode (default true), Non ATRStop Pips (default 40) and ATRPeriod (default 9). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Fast Direction Trading System
Forex Fast Direction Trading System is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart. It has 8 settings, such as Use atr mode, Non atr stop pips and Atr period. MQL source code included.
Files in the download: installation manual.txt, J9D1.tpl, MT4-Stop_level_reversed.ex4, MT4-Stop_level_reversed.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Use atr mode | true | |
| Non atr stop pips | 40 | |
| Atr period | 9 | Period or timeframe used by the calculation |
| Atr multiplier | 3.0 | How much the lot size grows after a loss |
| Atr smoothing | 0 | |
| Up arrow color | DodgerBlue | Colour on the chart |
| Dn arrow color | OrangeRed | Colour on the chart |
| Arrow distance | 0 | Distance between orders |
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 · ATR · MT4 Indicator · MQL4 Source Code