Forex Incremental Profit Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Incremental Profit Trading Strategy. In the code it works with the Stochastic oscillator, moving averages and ATR. It draws arrows on the chart and can send alerts. It has 30 settings, for example first SPeriod (default 20), second SPeriod (default 3) and third SPeriod (default 3). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Incremental Profit Trading Strategy
Forex Incremental Profit Trading Strategy is an indicator for MetaTrader 4 based on Stochastic, Moving Average and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 30 settings, such as First s period, Second s period and Third s period. MQL source code included.
Files in the download: FOREX STRATEGIST SR.ex4, Incremental Profit System.tpl, installation manual.txt, JMO_V5_Stoch.ex4, JMO_V5_Stoch.mq4, NPCP_HTChopFree.ex4, RK-KCv8-wMTF-txt-Zo-trend_arrows.ex4, RK-KCv8-wMTF-txt-Zo-trend_arrows.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| First s period | 20 | Period or timeframe used by the calculation |
| Second s period | 3 | Period or timeframe used by the calculation |
| Third s period | 3 | Period or timeframe used by the calculation |
| Ma method options | 0=SMA, 1=EMA, 2=SMMA, 3=LWMA | |
| Price options | 0=Low/High, 1=Close/Close | |
| S method | 3 | |
| Price field s | 1 | |
| Jmo period | 20 | Period or timeframe used by the calculation |
| Jmo method | 3 | |
| Tf | 0 | Period or timeframe used by the calculation |
| K cperiod | 7 | Period or timeframe used by the calculation |
| Num at rs | 0.75 | |
| Price | 0 | 0-6; 4-median |
| Addmidzero | false | |
| Max bars | 400 | |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | False | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | True | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Show arrows | true | |
| Arrowloc | 1.0 | arrow location |
| Arrows identifier | KC8arr | |
| Arrow up color | SkyBlue | Green; |
| Arrow down color | Magenta | Crimson; //Red; |
| Show values | true | |
| Valueloc | 0.4 | |
| Value identifier | KC8val | |
| Txt up color | SkyBlue | Green; |
| Txt down color | Magenta | Magenta; //Crimson; //Red; |
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: Buy/Sell Arrows · Alerts · Stochastic · Moving Average · ATR · MT4 Indicator · MQL4 Source Code