Forex Oma Channel Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Oma Channel Trading Strategy. Judging by its name, it is built around price channels. In the code it works with moving averages and Bollinger Bands. It can send alerts. It has 4 settings, for example Number Of Bars1 (default 11), Number Of Bars2 (default 5) and Show Alert (default true). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Oma Channel Trading Strategy
Forex Oma Channel Trading Strategy is an indicator for MetaTrader 4 based on Moving Average and Bollinger Bands. It can alert you with a pop-up, sound, email or push message. It has 4 settings, such as Number of bars1, Number of bars2 and Show alert. MQL source code included.
Files in the download: Filter.ex4, installation manual.txt, Oma Channel.tpl, PA Dynamic Cycle Explorer.ex4, TrendLord.ex4, TrendStrength oma channel_mtf_alerts.ex4, TrendStrength.ex4, TrendStrength.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Number of bars1 | 11 | |
| Number of bars2 | 5 | |
| Show alert | true | Turn this alert on or off |
| Alert count | 100 | 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: Channels & Envelopes · Alerts · Moving Average · Bollinger Bands · MT4 Indicator · MQL4 Source Code