Forex Frail Fractal Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Frail Fractal Trading Strategy. Judging by its name, it is built around Bill Williams fractals (swing highs / lows). It draws arrows on the chart. It has 8 settings, for example MA Period (default 13), MA Shift (default 0) and MA Method (default 0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 7 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 Frail Fractal Trading Strategy
Forex Frail Fractal Trading Strategy is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 8 settings, such as Ma period, Ma shift and Ma method. MQL source code included.
Files in the download: ant-GUBreakout_V.0.4.1.ex4, installation manual.txt, Moving Averages.ex4, Moving Averages.mq4, No_Grail.tpl, Parabolic.ex4, Parabolic.mq4, Stochastic.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 13 | Period or timeframe used by the calculation |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Ma method | 0 | |
| Step | 0.02 | Distance between orders |
| Maximum | 0.2 | |
| K period | 5 | Period or timeframe used by the calculation |
| D period | 3 | Period or timeframe used by the calculation |
| Slowing | 3 |
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: Fractals · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code