Forex Grid Support Resistance Trading Strategy
From the Old Kings archive: Forex Grid Support Resistance Trading Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around support / resistance levels and a grid of orders at fixed price steps. In the code it works with ATR. It draws arrows on the chart, can send alerts and shows an on-chart panel. It has 40 settings, for example use hidden stop loss (default true), hidden sl (default 100) and use hidden take profit (default true). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 23 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 Grid Support Resistance Trading Strategy
Forex Grid Support Resistance Trading Strategy is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and shows several symbols in one panel. It has 40 settings, such as Use hidden stop loss, Hidden sl and Use hidden take profit. MQL source code included.
It also is set up for gold (XAUUSD).
Files in the download: Wheelbarrel Trailing_v1.2.ex4, WUKAR.ex4, WUKAR.mq4, Daily open line.ex4, Daily open line.mq4, Grid_v2.ex4, Grid_v2.mq4, M-Candles.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Use hidden stop loss | true | Stop loss distance |
| Hidden sl | 100 | |
| Use hidden take profit | true | Take profit distance |
| Hidden tp1 | 90 | |
| Hidden tp2 | 200 | |
| Time zone of data | 0 | |
| H line | DimGray | Color of grid |
| H line2 | DimGray | Every 100 pips, change grid color to this. |
| Tf bar | 1440 | |
| Bcgr | true | objbcgr |
| Number of bar | 20 | |
| Color up | DarkGreen | 0x003300; // |
| Color down | Maroon | 0x000033; // |
| Paint bar0 | true | |
| Indicator on | TRUE | |
| Location mkt closed | Red | |
| Clock mkt closed | Red | |
| Location mkt open | Lime | |
| Clock mkt open | Lime | |
| Background | Black | |
| Display times with ampm | FALSE | |
| Note | Choose Only 7 From 21 Following: | |
| Show broker | TRUE | |
| Show auckland | FALSE | |
| Show sydney | FALSE | |
| Show tokyo | TRUE | |
| Show china | FALSE | |
| Show jakarta | FALSE | |
| Show india | FALSE | |
| Show dubai | FALSE | |
| Show moscow | FALSE | |
| Show israel | FALSE | |
| Show frankfurt | FALSE | |
| Show berlin | TRUE | |
| Show london | TRUE | |
| Show utc gmt | TRUE | |
| Show brazil | FALSE | |
| Show new york | TRUE | |
| Show central | FALSE | |
| Show mexico | FALSE |
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: Grid · Support & Resistance · Buy/Sell Arrows · Alerts · Dashboards & Scanners · Gold (XAUUSD) · ATR · MT4 Indicator · MQL4 Source Code