Forex Intraday Breakout Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Intraday Breakout Trading Strategy. Its name points to breakouts from a range. In the code it works with MACD, RSI, the Stochastic oscillator and moving averages. It draws arrows on the chart and can send alerts. It has 40 settings, for example color1 (default Blue), color2 (default DeepSkyBlue) and color3 (default Blue). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 11 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 Intraday Breakout Trading Strategy
Forex Intraday Breakout Trading Strategy is an indicator for MetaTrader 4 based on MACD, RSI, Stochastic and 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 Color1, Color2 and Color3. MQL source code included.
Files in the download: 1 Heiken Ashi.mq4, 10 AO2.mq4, 11 MACDDuffy.mq4, 2 MF2.mq4, 3 MF3.mq4, 4 RedTraffic Light.ex4, 5 Open post.ex4, 6 H4_hi_low_middle_DK_v1.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Color1 | Blue | Colour on the chart |
| Color2 | DeepSkyBlue | Colour on the chart |
| Color3 | Blue | Colour on the chart |
| Color4 | DeepSkyBlue | Colour on the chart |
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal sma | 9 | |
| Note1 | Higher,Middle,Lower colors | |
| H4 higher color | DeepSkyBlue | Colour on the chart |
| H4 middle color | Yellow | Colour on the chart |
| H4 lower color | HotPink | Colour on the chart |
| Note2 | Draw H4 middle? | |
| H4 hi low | true | |
| H4 mid | true | |
| Info set your computer clock | Accuracy depends on YOUR CPU CLOCK!! | |
| Info verify times with url | http://www.worldtimezone.net/index24.php | |
| Info re label corner | 0=Top-left, 1=TR, 2=BL, 3=BR | |
| Label corner | 1 | 1 & 3 work best: 0=top-left; 1=top-right; 2=bottom-left; 3=bottom-right |
| Top offset pixels | 120 | pixels from top to show the clock |
| Label color | Green | Color of label, off-hours |
| Clock color | Blue | Color of clock, off-hours |
| Label mkt open color | Gold | Color of label, market-open |
| Clock mkt open color | Gold | Color of clock, market-open |
| Highlight market open | true | When true, the above market-open colors are used between 8AM - 5PM (market local) |
| Display times with ampm | false | true=show 12 hour AM/PM time, false=show 24 hour time |
| Display time with seconds | false | Turn on seconds. |
| Display bar with seconds | 1 | Control "Bar Left:" to display ":SS" independently from other times. |
| Suppress bar hh below h1 | true | For "Bar Left:" on H1 and below, display [MM:SS] since HH in [HH:MM:SS] is always "00" |
| Show sydney | true | |
| Show tokyo | true | |
| Show london | true | |
| Show new york | true | |
| Show gmt | true | FYI, GMT does not change with Daylight Savings Time. In winter, London=GMT; in summer, London=GMT+1 |
| Show local | true | FYI, this is your local computer clock. Your clock must be accurate for all other timezones to be ac |
| Show dibs london | false | FYI, for DIBS method, see http://www.forexfactory.com/showthread.php?t=86766 |
| Dibs london open hour | 6 | DIBS relative to London local time. 6 ~= 2 hours before London ~= Chicago midnight. (Follows London |
| Dibs london close hour | 15 | MAX is 23!! Subjective choice. Change as desired. 9 hours length?? |
| Clock color | Lime | Colour on the chart |
| Corner of chart right top | false | |
| Show price | true |
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: Breakout · Buy/Sell Arrows · Alerts · MACD · RSI · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code