Forex Kumo Breakout Trading Strategy
From the Old Kings archive: Forex Kumo Breakout Trading Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is the Ichimoku Kinko Hyo cloud and breakouts from a range. In the code it works with moving averages. It can send alerts and can read another timeframe. It has 40 settings, for example Time Frame (default Current time frame), Tenkan (default 9) and Kijun (default 26). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Kumo Breakout Trading Strategy
Forex Kumo Breakout Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It 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 Time frame, Tenkan and Kijun. MQL source code included.
Files in the download: installation manual.txt, kumo breakout.tpl, Kumo_Breakout_Histo.ex4, Kumo_Breakout_Histo.mq4, PivotsD_v5 (Black).ex4, PivotsD_v5 (Black).mq4, Yzyz.ex4, ZB-CloudLines.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| 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 |
| Indicator on | TRUE | |
| Use for forex | TRUE | |
| Use day formula | TRUE | |
| Exit period choices | M1, M5, M15, M30, H1, H4, D1 | Number of bars in the calculation |
| Exit if period greater than | H1 | Number of bars in the calculation |
| _ | ||
| Part 1 | Day Candle & Session Box Settings: | |
| Show day candle | TRUE | |
| Shift day candle right | 49 | Bar shift (0 = current bar) |
| Show today box | TRUE | |
| Today box color | C'0x1E,0x21,0x24' | Colour on the chart |
| Show yesterday box | TRUE | |
| Yesterday box color | C'0x14,0x12,0x29' | Colour on the chart |
| __ | ||
| Part 2 | Pivot Line Start/Stop Settings: | |
| Note1 | Start with fullscreen lines, enter \'1\' | |
| Note2 | Start lines at Day Separator, enter \'2\ | |
| Note3 | Start lines at current candle, enter \'3 | |
| Start lines | 2 | |
| Stop lines at current candle | FALSE | |
| ___ | ||
| Part 3 | Pivot Line Color & Selection Settings: | |
| Central pivot color | Blue | Colour on the chart |
| Cp line style 01234 | 0 | |
| Cp solid line thickness | 1 | |
| Resistance pivots color | FireBrick | Colour on the chart |
| R line style 01234 | 0 | |
| R solid line thickness | 1 |
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 · Alerts · Multi-Timeframe (MTF) · Moving Average · MT4 Indicator · MQL4 Source Code