Forex IVT Ripper Trading System
Forex IVT Ripper Trading System — a MetaTrader 4 indicator kept in the Old Kings collection. Its source code uses MACD, RSI, the Stochastic oscillator and moving averages. It draws arrows on the chart and can send alerts. It has 40 settings, for example MA Length (default 1), DMI Length (default 14) and ADX Length (default 14). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 18 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 IVT Ripper Trading System
Forex IVT Ripper Trading System 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 Ma length, Dmi length and Adx length. MQL source code included.
Files in the download: ivtadx.ex4, ivtadx.mq4, ivtbbs.ex4, ivtbbs.mq4, ivtbbt.ex4, ivtbbt.mq4, ivtdin.ex4, ivtdin.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma length | 1 | |
| Dmi length | 14 | |
| Adx length | 14 | |
| Adxr length | 14 | |
| Use adx | 0 | |
| Use adxr | 0 | |
| Trigger type | 2 | |
| Stoch period trigger1 | 14 | Number of bars in the calculation |
| Cci period trigger2 | 50 | Number of bars in the calculation |
| Rsi period trigger3 | 14 | Number of bars in the calculation |
| Length | 20 | |
| Deviation | 2 | |
| Money risk | 1.0 | Risk per trade (percent of balance) |
| Signal | 1 | |
| Line | 1 | |
| Nbars | 1000 | |
| Sound on | TRUE | Turn this alert on or off |
| Gm tshift | 0 | Bar shift (0 = current bar) |
| Using open graphics | TRUE | |
| Dolly graphics | TRUE | |
| Alert on | FALSE | Turn this alert on or off |
| Auto signals | TRUE | |
| Show dolly comments | TRUE | Comment written on the orders |
| Buy color 2 | C'0x00,0x00,0x96' | Colour on the chart |
| Buy color 1 | C'0x00,0x00,0x64' | Colour on the chart |
| Sell color 1 | C'0x78,0x00,0x00' | Colour on the chart |
| Sell color 2 | C'0xB4,0x00,0x00' | Colour on the chart |
| Buy target 2 | 50 | |
| Buy target 1 | 40 | |
| Buy area | 20 | |
| Sell area | 20 | |
| Sell target 1 | 40 | |
| Sell target 2 | 50 | |
| Shift dolly text | 0 | Bar shift (0 = current bar) |
| Show daily average graphics | TRUE | |
| Daily average graphics | TRUE | |
| Daily av up color 150 | C'0x00,0x6E,0xFF' | Colour on the chart |
| Daily av up color 125 | C'0x00,0x46,0xFF' | Colour on the chart |
| Daily av up color 100 | C'0x14,0x14,0xFF' | Colour on the chart |
| Daily av up color 75 | C'0x00,0x00,0xD2' | Colour on the chart |
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 · MACD · RSI · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code