Forex Logic Method Trading System
From the Old Kings archive: Forex Logic Method Trading System, an indicator for MetaTrader 4. In the code it works with moving averages. It has 19 settings, for example note1 (default Fibonacci colors), Upper Fibo Color (default Navy) and Main Fibo Color (default RoyalBlue). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 8 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 Logic Method Trading System
Forex Logic Method Trading System is an indicator for MetaTrader 4 based on Moving Average. It has 19 settings, such as Note1, Upper fibo color and Main fibo color. MQL source code included.
Files in the download: ## no indy.tpl, ## the ok.tpl, #SpudFibo.ex4, #SpudFibo.mq4, Aroon Oscillator_v1.ex4, Aroon Oscillator_v1.mq4, Bar Trend.ex4, BarTimer.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Note1 | Fibonacci colors | |
| Upper fibo color | Navy | Colour on the chart |
| Main fibo color | RoyalBlue | Colour on the chart |
| Lower fibo color | DodgerBlue | Colour on the chart |
| Note2 | Draw main Fibonacci lines? | |
| Inner fibs | true | |
| Aroon period | 10 | Period or timeframe used by the calculation |
| Filter | 50 | |
| Count bars | 300 | |
| Font name | Arial | |
| Font size | 14 | |
| Font color | White | Colour on the chart |
| Corner | 0 | values [0-3] - |
| X distance | 250 | x |
| Y distance | 0 | y |
| Ma metod | 2 | |
| Ma period | 6 | Period or timeframe used by the calculation |
| Ma metod2 | 3 | |
| Ma period2 | 2 | Number of bars in the calculation |
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: Moving Average · MT4 Indicator · MQL4 Source Code