Forex Kumo Breakout Cloud Trading Strategy
From the Old Kings archive: Forex Kumo Breakout Cloud Trading Strategy, an indicator for MetaTrader 4. Its name points to the Ichimoku Kinko Hyo cloud and breakouts from a range. In the code it works with moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Other Time Frames (default Select below 0=current t), select other tf to show (default 0) and H Pos MTF (default 5). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 5 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 Kumo Breakout Cloud Trading Strategy
Forex Kumo Breakout Cloud Trading Strategy is an indicator for MetaTrader 4 based on 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 Other time frames, Select other tf to show and H pos mtf. MQL source code included.
Files in the download: 10.2 TMA slope true 4.30~.mq4, 1_bars_back.mq4, installation manual.txt, Kumobreakout.tpl, Kumo_Breakout_Histo.mq4, MEGATREND SITELITE.mq4, TMA.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Other time frames | Select below 0=current tf,1,5,15,30,60,2 | Period or timeframe used by the calculation |
| Select other tf to show | 0 | |
| H pos mtf | 5 | |
| V pos mtf | 42 | |
| Font name | Verdana | |
| Font size mtf | 12 | |
| Corner mtf | 3 | |
| Font color range | White | Colour on the chart |
| Font color buy | Green | Colour on the chart |
| Font color sell | Red | Colour on the chart |
| Eint period | 20 | Period or timeframe used by the calculation |
| Edbl high1 | 0.4 | |
| Edbl low1 | -0.4 | |
| Atr period | 100 | Period or timeframe used by the calculation |
| H pos | 5 | |
| V pos | 22 | |
| Corner | 3 | |
| Font size | 12 | |
| Font size text | 12 | |
| H pos text | 5 | |
| V pos text | 2 | |
| Text corner | 3 | |
| Line 1 bars color | Yellow | Colour on the chart |
| Line 1 bars style | 2 | |
| Line 1 bars width | 1 | |
| Draw as background | TRUE | |
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Tenkan | 9 | |
| Kijun | 26 | |
| Senkou | 52 | |
| Price | 0 | |
| Show neutral | true | |
| 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 | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Soundfile | alert2.wav | Turn this alert on or off |
| Lookback period | 25 | Period or timeframe used by the calculation |
| Sitelite bar level | 47 |
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 · Ichimoku · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code