Forex Miracle Donchian Swing Trading Strategy
From the Old Kings archive: Forex Miracle Donchian Swing Trading Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is Donchian channels. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 12 settings, for example Faster Mode (default 3), Faster MA (default 3) and Slower Mode (default 3). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 12 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 Miracle Donchian Swing Trading Strategy
Forex Miracle Donchian Swing Trading Strategy is an indicator for MetaTrader 4 based on 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 12 settings, such as Faster mode, Faster ma and Slower mode. MQL source code included.
Files in the download: #FS30_Extreme2.3.ex4, #FS30_Histogram.ex4, #Signal_Bars_v9_autopassword_YR.ex4, Donchian Bands.ex4, IINWMARROWS.ex4, IINWMARROWS.mq4, installation manual.txt, MACD Alert.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Faster mode | 3 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Faster ma | 3 | |
| Slower mode | 3 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Slower ma | 3 | |
| Price | 0 | Apply to Price(0-Close;1-Open;2-High;3-Low;4-Median price;5-Typical price;6-Weighted Close) |
| Length | 10 | Period of NonLagMA |
| Displace | 0 | DispLace or Shift |
| Pct filter | 0 | Dynamic filter in decimal |
| Color | 1 | Switch of Color mode (1-color) |
| Color bar back | 1 | Bar back for color mode |
| Deviation | 0 | Up/down deviation |
| Sound alert mode | 0 | Sound Alert switch |
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: Channels & Envelopes · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code