Forex Painter Breakout Swing Trading Strategy 2
Forex Painter Breakout Swing Trading Strategy 2 is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around breakouts from a range. Its source code uses moving averages and Heiken Ashi. It can send alerts. It has 40 settings, for example Include High (default true), Include Medium (default true) and Include Low (default false). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 5 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 Painter Breakout Swing Trading Strategy 2
Forex Painter Breakout Swing Trading Strategy 2 is an indicator for MetaTrader 4 based on Moving Average and Heiken Ashi. It can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Include high, Include medium and Include low. MQL source code included.
Files in the download: FFCal.mq4, installation manual.txt, painter breakout.tpl, Painter_v1.mq4, SDX-TzPivots.mq4, Synergy_Volatility.mq4, TrendSqueezer03.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Include high | true | |
| Include medium | true | |
| Include low | false | |
| Include speaks | true | news items with "Speaks" in them have different characteristics |
| Is ea call | false | |
| Offset hours | 0 | No longer used - euclid |
| Allow web updates | true | Set this to false when another indicator instance is already |
| Alert1 mins before | -1 | Set to -1 for no Alert |
| Alert2 mins before | -1 | Set to -1 for no Alert |
| Report all for usd | false | |
| Enable logging | false | Perhaps remove this from externs once its working well |
| Show next two events | true | |
| Show vert news | false | |
| Txt size | 10 | |
| Txt color title | LightGray | Colour on the chart |
| Txt color news | DeepSkyBlue | Colour on the chart |
| Txt color impact | Red | Colour on the chart |
| Txt color previous | Peru | Colour on the chart |
| Txt color forecast | Lime | Colour on the chart |
| Vert txt shift | 21 | How far away below the ask line we want to place our vertical news text |
| Vert left line shift | 900 | How far away to the left of the line we want to place our vertical news text |
| Vert right line shift | 200 | How far away to the left of the line we want to place our vertical news text |
| Vert line color | SlateBlue | Color of our vertical news line |
| Vert txt color | DimGray | Color of our vertical text color |
| Vert txt size | 8 | Color of our vertical text |
| News corner | 0 | Choose which corner to place headlines 0=Upper Left, 1=Upper Right, 2=lower left , 3=lower right |
| Save xml files | true | If true, this will keep the daily XML files |
| Hours start | 8 | |
| Hours finish | 18 | Hour when trading stops (server time) |
| 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 |
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 · Alerts · Moving Average · Heiken Ashi · MT4 Indicator · MQL4 Source Code