Forex Midnight Easy Breakout Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Midnight Easy Breakout Trading Strategy. Judging by its name, it is built around breakouts from a range. In the code it works with the Stochastic oscillator, moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 27 settings, for example Fast EMA (default 12), Slow EMA (default 26) and Signal EMA (default 9). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Midnight Easy Breakout Trading Strategy
Forex Midnight Easy Breakout Trading Strategy is an indicator for MetaTrader 4 based on Stochastic, Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 27 settings, such as Fast ema, Slow ema and Signal ema. MQL source code included.
Files in the download: installation manual.txt, MACD 2Line.mq4, Spread.ex4, Stochastic on Jurik smooth 10 14.mq4, T3 Dragon 1.mq4, TMA+CG mladen.mq4, WorkTime.ex4, midnight easy.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal ema | 9 | |
| K period | 10 | Period or timeframe used by the calculation |
| D period | 14 | Period or timeframe used by the calculation |
| D period mode | MODE_SMA | Number of bars in the calculation |
| D period phase | 0 | Number of bars in the calculation |
| Slowing period | 3 | Period or timeframe used by the calculation |
| Slowing period phase | 0 | Number of bars in the calculation |
| Price smoothing | 6 | |
| Price smoothing phase | 0 | |
| Close close | true | |
| Ma metod | 0 | |
| Ma period | 3 | Period or timeframe used by the calculation |
| Ma metod2 | 0 | |
| Ma period2 | 3 | Number of bars in the calculation |
| Time frame | current time frame | Period or timeframe used by the calculation |
| Half length | 56 | |
| Price | PRICE_WEIGHTED | |
| Bands deviations | 1.618 | |
| Interpolate | true | |
| Alerts on | false | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts on high low | false | Turn this alert on or off |
| Alerts message | false | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
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 · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Stochastic · Moving Average · ATR · MT4 Indicator · MQL4 Source Code