Forex HA Pull Back Trend Following Strategy
From the Old Kings archive: Forex HA Pull Back Trend Following Strategy, an indicator for MetaTrader 4. Its name points to Heiken Ashi candles and following the trend. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 40 settings, for example Strong Currency (default EUR), Strength Limit (default 6) and Weak Currency (default USD). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 6 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 HA Pull Back Trend Following Strategy
Forex HA Pull Back Trend Following Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Strong currency, Strength limit and Weak currency. MQL source code included.
Files in the download: CurrencyStrengthAlerts (2).mq4, DWMRanges.mq4, Heiken Ashi Pull Back.tpl, Heiken_Ashi_Exit.ex4, Heiken_Ashi_Smoothed Alerts (1).mq4, installation manual.txt, MA2_Signal_ver2 non arrow.ex4, MA2_Signal_ver2 non arrow.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Strong currency | EUR | |
| Strength limit | 6 | |
| Weak currency | USD | |
| Weakness limit | 3 | |
| Send email | 0 | Turn this alert on or off |
| Send notifications | 0 | Turn this alert on or off |
| Alerts | 0 | Turn this alert on or off |
| Alert sound | alert.wav | Turn this alert on or off |
| Screen shots | 0 | |
| Alerts interval minutes | 1 | Turn this alert on or off |
| Font type | Courier New | |
| Font size | 20 | |
| Panel corner | CORNER_LEFT_UPPER | |
| Horiz pos | 10 | |
| Vert pos | 25 | |
| Vert spacing | 25 | |
| Refresh interval minutes | 0 | |
| Color1 | clrRed | Colour on the chart |
| Level1 | 7.0 | |
| Color2 | clrOrange | Colour on the chart |
| Level2 | 5.0 | |
| Color3 | clrYellow | Colour on the chart |
| Level3 | 2.0 | |
| Color4 | clrDodgerBlue | Colour on the chart |
| Level4 | 0.0 | |
| Daily range on | true | |
| Daily range period | 24 | Period or timeframe used by the calculation |
| Weekly range on | true | |
| Weekly range period | 24 | Period or timeframe used by the calculation |
| Monthly range on | true | |
| Monthly range period | 24 | Period or timeframe used by the calculation |
| Show comments | true | Comment written on the orders |
| Lines settings | Lines Settings: | |
| D range high color | Salmon | Colour on the chart |
| D range low color | SkyBlue | Colour on the chart |
| W range high color | Crimson | Colour on the chart |
| W range low color | RoyalBlue | Colour on the chart |
| M range high color | Maroon | Colour on the chart |
| M range low color | Navy | Colour on the chart |
| Line style | 0 |
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 · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code