Forex London V3 Breakout Trading Strategy
From the Old Kings archive: Forex London V3 Breakout Trading Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around the trading sessions (Asian, London, New York) and breakouts from a range. The file name marks it as version 3. In the code it works with the Stochastic oscillator and moving averages. It draws arrows on the chart and can send alerts. It has 14 settings, for example Number Of Days (default 50), Begin 1 (default 08:00) and End 1 (default 11:00). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 7 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 · v3 · Free
About Forex London V3 Breakout Trading Strategy
Forex London V3 Breakout Trading Strategy is an indicator for MetaTrader 4 based on 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 14 settings, such as Number of days, Begin 1 and End 1. MQL source code included.
Files in the download: ant-GUBreakout_V.0.4.1.ex4, i-ParamonWorkTime.ex4, i-ParamonWorkTime.mq4, installation manual.txt, london breakout III.tpl, SpreadIndicator.ex4, SpreadIndicator.mq4, ZCOMFX_daily_trend_2-B.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Number of days | 50 | |
| Begin 1 | 08:00 | Hour when trading starts (server time) |
| End 1 | 11:00 | |
| Color 1 | DarkBlue | Colour on the chart |
| Begin 2 | 14:00 | Hour when trading starts (server time) |
| End 2 | 17:00 | |
| Color 2 | Brown | Colour on the chart |
| High range | False | |
| Label color | Red | Colour on the chart |
| Show arrows | True | |
| Note2 | Coordinates: | |
| X | 40 | |
| Y | 00 | |
| Corner | 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 · Trading Sessions · Buy/Sell Arrows · Alerts · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code