Forex Level Stop Reverse Trading System
From the Old Kings archive: Forex Level Stop Reverse Trading System, an indicator for MetaTrader 4. 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 Sound ON (default true), Email ON (default false) and Fast MA Mode (default 1). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 13 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 Level Stop Reverse Trading System
Forex Level Stop Reverse 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 Sound on, Email on and Fast ma mode. MQL source code included.
Files in the download: ###QQE_Alert_MTF_v5###.ex4, #Signal_Bars_v6.ex4, EMA_Crossover_Alert.mq4, Exit_-_1hour.ex4, FerruFx_Multi_info+.mq4, FerruFx_Multi_info+_2.mq4, installation manual.txt, level stop and reverse.tpl ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Sound on | true | Turn this alert on or off |
| Email on | false | Turn this alert on or off |
| Fast ma mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma, 4=lsma |
| Fast ma period | 4 | Period or timeframe used by the calculation |
| Fast price mode | 0 | 0=close, 1=open, 2=high, 3=low, 4=median(high+low)/2, 5=typical(high+low+close)/3, 6=weighted(high+l |
| Slow ma mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma, 4=lsma |
| Slow ma period | 13 | Period or timeframe used by the calculation |
| Slow price mode | 0 | 0=close, 1=open, 2=high, 3=low, 4=median(high+low)/2, 5=typical(high+low+close)/3, 6=weighted(high+l |
| Account mini | true | If false, account is standard |
| Pip value | 0.832 | Pip Value |
| Shift settings test only | === Format: 2007.05.07 00:00 === | Bar shift (0 = current bar) |
| Look time shift | D'2007.05.07 00:00' | Shift for test if "test" is true |
| Shift indicators | 0 | Shift for indicators if "test" is false |
| Test | false | |
| Trend strong level | 75.00 | |
| QQE60 | 60 | |
| QQE1 | 1 | |
| QQE5 | 5 | |
| Lsr pips | 40 | |
| Lsr period | 28 | Period or timeframe used by the calculation |
| Lsr mult | 2.0 | |
| Bar width | 0 | |
| Bar color up | DodgerBlue | Colour on the chart |
| Bar color down | Red | Colour on the chart |
| Text color | White | Colour on the chart |
| Max bars | 500 | |
| Faster mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Faster ma | 5 | |
| Slower mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Slower ma | 7 | |
| Use atr mode | true | |
| Non atr stop pips | 40 | |
| Atr period | 9 | Period or timeframe used by the calculation |
| Atr multiplier | 3.0 | How much the lot size grows after a loss |
| Atr smoothing | 0 | |
| Up arrow color | DodgerBlue | Colour on the chart |
| Dn arrow color | OrangeRed | Colour on the chart |
| Arrow distance | 0 | Distance between orders |
| Show comment | true | Comment written on the orders |
| Pivot set | PIVOTSET_DAILY |
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