Forex Kobos Waves Trading Strategy
Forex Kobos Waves Trading Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to wave counting in the Elliott style. Its source code uses RSI, moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Block 1 (default ), History (default 1000) and Block 2 (default ). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Kobos Waves Trading Strategy
Forex Kobos Waves Trading Strategy is an indicator for MetaTrader 4 based on RSI, Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Block 1, History and Block 2. MQL source code included.
Files in the download: FWave experimental.tpl, GoodTrade-3.1 clr.ex4, GoodTrade-3.1 clr.mq4, i-$_Swing_ZZ__3.ex4, KBOS.ex4, KBOS.mq4, MA_Fibs HIGH fill.ex4, MA_Fibs HIGH fill.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Block 1 | ||
| History | 1000 | |
| Block 2 | ||
| Begin draw down | 5 | Hour when trading starts (server time) |
| Begin draw up | 5 | Hour when trading starts (server time) |
| Sektor bar | 13 | |
| F period draw | 1 | Number of bars in the calculation |
| Clear opposite | 4 | |
| Block 3 | ||
| Wawe bar | 21 | |
| F draw wawe fibo | TRUE | |
| F draw target level | TRUE | |
| Block 4 | ||
| Dm sdvig | 7 | |
| Dm xvost | 10 | |
| Block 5 | ||
| F draw mini trend | false | |
| Show max price | false | |
| Show min price | false | |
| Show text price | false | |
| Color bay | Blue | Colour on the chart |
| Color sell | Maroon | Colour on the chart |
| Time frame | H1 | Period or timeframe used by the calculation |
| Rsi period | 4 | Period or timeframe used by the calculation |
| Ma type | 1 | |
| Ma period | 2 | Period or timeframe used by the calculation |
| Interpolate | TRUE | |
| Arrows identifier | Arrows | |
| Arrows up color | Lime | Colour on the chart |
| Arrows dn color | Red | Colour on the chart |
| Alerts on | TRUE | Turn this alert on or off |
| Alerts sound | TRUE | Turn this alert on or off |
| Alerts on current | FALSE | Turn this alert on or off |
| Alerts message | FALSE | Turn this alert on or off |
| Alerts email | FALSE | Turn this alert on or off |
| Ma period | 250 | Period or timeframe used by the calculation |
| Ma type | 0 | |
| Alerts on | true | Turn this alert on or off |
| Fibo1 | 382 | |
| Fibo2 | 500 |
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 · Multi-Timeframe (MTF) · RSI · Moving Average · ATR · MT4 Indicator · MQL4 Source Code