Forex Fractals Breakout Binary Options Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Fractals Breakout Binary Options Strategy. Its name points to Bill Williams fractals (swing highs / lows) and breakouts from a range. In the code it works with moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 13 settings, for example Time Frame (default Current time frame), Fractal Period (default 25) and Price High (default PRICE_HIGH). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file 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 Fractals Breakout Binary Options Strategy
Forex Fractals Breakout Binary Options Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 13 settings, such as Time frame, Fractal period and Price high. MQL source code included.
Files in the download: Frac with BB.tpl, Fractals - adjustable price breakout _mtf+alerts nmc.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Fractal period | 25 | Period or timeframe used by the calculation |
| Price high | PRICE_HIGH | |
| Price low | PRICE_LOW | |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts notify | true | Turn this alert on or off |
| Alerts email | true | Turn this alert on or off |
| Sound file | alert2.wav | Turn this alert on or off |
| Bo arrow size | 5 | |
| Arrows on first bar | true |
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: Breakout · Fractals · Binary Options · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code