Forex Parabolic SAR Channel Trend Trading Strategy
Forex Parabolic SAR Channel Trend Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around Parabolic SAR, price channels and following the trend. Its source code uses moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 21 settings, for example Time Frame (default Current time frame), Acc Step (default 0.01) and Acc Limit (default 0.1). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 4 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 Parabolic SAR Channel Trend Trading Strategy
Forex Parabolic SAR Channel Trend Trading Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 21 settings, such as Time frame, Acc step and Acc limit. MQL source code included.
Files in the download: iFxStrategy.ex4, iFxTrend.ex4, installation manual.txt, Parabolic Sar with Channel.tpl, parabolic-sar-signals.ex4, parabolic-sar-signals.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Acc step | 0.01 | Distance between orders |
| Acc limit | 0.1 | |
| Price high | PRICE_HIGH | |
| Price low | PRICE_LOW | |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts notify | true | Turn this alert on or off |
| Alerts email | true | Turn this alert on or off |
| Sound file | alert2.wav | Turn this alert on or off |
| Show arrows | true | |
| Arrows identifier | sar Arrows | |
| Arrows upper gap | 1.0 | |
| Arrows lower gap | 1.0 | |
| Arrows up color | LimeGreen | Colour on the chart |
| Arrows dn color | Red | Colour on the chart |
| Arrows nu color | Gray | Colour on the chart |
| Arrows up code | 241 | |
| Arrows dn code | 242 |
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: Parabolic SAR · Channels & Envelopes · Trend · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code