Forex Morning Breakout Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Morning Breakout Trading Strategy. As the name suggests, the idea behind it is breakouts from a range. In the code it works with MACD and moving averages. It has 13 settings, for example MACD Settings (default === MACD Settings ===), Fast EMA (default 12) and Slow EMA (default 24). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 3 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 Morning Breakout Trading Strategy
Forex Morning Breakout Trading Strategy is an indicator for MetaTrader 4 based on MACD and Moving Average. It has 13 settings, such as Macd settings, Fast ema and Slow ema. MQL source code included.
Files in the download: Forex Breakout of the morning.tpl, installation manual.txt, neoultimaforexbreakout-target.ex4, Trend Friend Follow.ex4, Trend Friend Follow.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Macd settings | === MACD Settings === | |
| Fast ema | 12 | |
| Slow ema | 24 | |
| Mac dsp | 6 | |
| Ema settings | === MA Settings === | |
| Short p1 | 7 | |
| Short p2 | 14 | |
| Long p1 | 34 | |
| Long p2 | 72 | |
| My symbols | === Wingdings Symbols === | |
| S buy | 233 | |
| S sell | 234 | |
| S wait | 54 |
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 · MACD · Moving Average · MT4 Indicator · MQL4 Source Code