Forex Panca Eagle Trading System
Forex Panca Eagle Trading System is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses Bollinger Bands. It draws arrows on the chart and can send alerts. It has 22 settings, for example Number Of Days (default 50), period Begin (default 00:00) and period End (default 05:30). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Panca Eagle Trading System
Forex Panca Eagle Trading System is an indicator for MetaTrader 4 based on Bollinger Bands. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 22 settings, such as Number of days, Period begin and Period end. MQL source code included.
Files in the download: BreakOut_PANCA_EAGLE__indicator.ex4, BreakOut_PANCA_EAGLE__indicator.mq4, installation manual.txt, TOPTREND.ex4, TOPTREND.mq4, TrailingStopEA.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Number of days | 50 | |
| Period begin | 00:00 | Hour when trading starts (server time) |
| Period end | 05:30 | Number of bars in the calculation |
| Box end | 23:00 | |
| Box break out offset | 10 | |
| Box hl color | MidnightBlue | Colour on the chart |
| Box break out color | LimeGreen | Colour on the chart |
| Box period color | OrangeRed | Number of bars in the calculation |
| Length | 20 | Bollinger Bands Period |
| Deviation | 2 | Deviation was 2 |
| Money risk | 1.00 | Offset Factor |
| Signal | 1 | Display signals mode: 1-Signals & Stops; 0-only Stops; 2-only Signals; |
| Line | 1 | Display line mode: 0-no,1-yes |
| Nbars | 1000 | |
| Sound on | true | Turn this alert on or off |
| All positions | false | (True To modify all positions ) False(modify chart positions) |
| Profit trailing | True | (To Trail only postions on profit not loss ) |
| Trailing stop | 5 | Minimum is 5 |
| Profit target | 0 | Setting this value will calculate all open trades and close if profit reached. |
| Trailing step | 1 | Trailing stop distance or switch |
| Use sound | True | Turn this alert on or off |
| Name file sound | expert.wav | 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: Buy/Sell Arrows · Alerts · Bollinger Bands · MT4 Indicator · MQL4 Source Code