Forex GP Reversal Trend Trading Strategy
From the Old Kings archive: Forex GP Reversal Trend Trading Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is following the trend and reversals against the current move. In the code it works with moving averages. It draws arrows on the chart. It has 15 settings, for example midcol (default Silver), P (default 64) and FW (default 1000). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 17 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 GP Reversal Trend Trading Strategy
Forex GP Reversal Trend Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 15 settings, such as Midcol, P and FW. MQL source code included.
Files in the download: 1''M-Math v3.ex4, 1''M-Math v3.mq4, bar_close_alarm_V1.ex4, GP Star_v2.ex4, GPTrend_v22.ex4, GP_DAY.ex4, GP_Heiken Ashi.ex4, GP_MACD 2.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Midcol | Silver | |
| P | 64 | |
| FW | 1000 | |
| Step back | 0 | Distance between orders |
| Win | 0 | |
| Adjust side to side | 10 | |
| Shift up dn | 70 | Bar shift (0 = current bar) |
| Showcomments | true | Comment written on the orders |
| Ma | 14 | |
| Method | 3 | |
| App price | 0 | |
| Step h | 0.2 | Distance between orders |
| Maximum h | 0.5 | |
| Step l | 0.02 | Distance between orders |
| Maximum l | 0.05 |
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: Trend · Buy/Sell Arrows · Moving Average · MT4 Indicator · MQL4 Source Code