Forex Magic Dots Swing Trading Strategy 2
Forex Magic Dots Swing Trading Strategy 2 — a MetaTrader 4 indicator kept in the Old Kings collection. Its source code uses the Stochastic oscillator, moving averages and Bollinger Bands. It draws arrows on the chart, can send alerts and shows an on-chart panel. It has 36 settings, for example Risk to Reward ratio (default 3.0), Num Bars (default 500) and Enable Alerts (default 1). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 37 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 Magic Dots Swing Trading Strategy 2
Forex Magic Dots Swing Trading Strategy 2 is an indicator for MetaTrader 4 based on Stochastic, Moving Average and Bollinger Bands. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and shows several symbols in one panel. It has 36 settings, such as Risk to reward ratio, Num bars and Enable alerts. MQL source code included.
Files in the download: #(T_S_R)-Daily Range Calculator .ex4, #(T_S_R)-Daily Range Calculator .mq4, BrainTrend1.ex4, BrainTrend1.mq4, BrainTrend1Sig.ex4, BrainTrend1Sig.mq4, BrainTrend1Stop.ex4, BrainTrend1Stop.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Risk to reward ratio | 3.0 | Risk per trade (percent of balance) |
| Num bars | 500 | |
| Enable alerts | 1 | Turn this alert on or off |
| Signal id | 0 | |
| A take profit | 20 | Take profit distance |
| A stop loss | 30 | Stop loss distance |
| Show comment | 1 | comments on the chart (0 - no, 1 - yes) |
| How long | 1000 | bars to be counted (-1 - all the bars) |
| Period | 10 | Period or timeframe used by the calculation |
| Hma period | 8 | Period or timeframe used by the calculation |
| A alerts | true | Turn this alert on or off |
| Email on | false | Turn this alert on or off |
| Bands mode 0 2 | 0 | =0-2 MODE_MAIN, MODE_LOW, MODE_HIGH |
| Power price 0 6 | 0 | =0-6 PRICE_CLOSE,PRICE_OPEN,PRICE_HIGH,PRICE_LOW,PRICE_MEDIAN,PRICE_TYPICAL,PRICE_WEIGHTED |
| Price type 0 3 | 0 | =0-3 PRICE_CLOSE,PRICE_OPEN,PRICE_HIGH,PRICE_LOW |
| Bands period | 20 | Period or timeframe used by the calculation |
| Bands deviation | 2 | |
| Power period | 13 | Period or timeframe used by the calculation |
| Count bars | 300 | |
| Rperiod | 14 | Period or timeframe used by the calculation |
| Draw4 how longg | 1500 | |
| Rsi period | 14 | Period or timeframe used by the calculation |
| Local time zone | 0 | |
| Dest time zone | 0 | |
| Line style | 2 | |
| Line thickness | 1 | |
| Show comment | false | Comment written on the orders |
| Show high low open | false | |
| Show sweet spots | false | |
| Show pivots | true | |
| Show mid pitvot | true | |
| Show fibos | false | |
| Show camarilla | false | |
| Show level prices | true | |
| Bar for labels | 10 | number of bars from right, where lines labels will be shown |
| Debug logger | false |
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 · Dashboards & Scanners · Stochastic · Moving Average · Bollinger Bands · MT4 Indicator · MQL4 Source Code