Forex Ratis Channel Trading System
From the Old Kings archive: Forex Ratis Channel Trading System, an indicator for MetaTrader 4. Its name points to price channels. In the code it works with moving averages and Bollinger Bands. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example X (default 55), Y (default 35) and Corner (default 1). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 17 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 Ratis Channel Trading System
Forex Ratis Channel Trading System is an indicator for MetaTrader 4 based on Moving Average and Bollinger Bands. 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 40 settings, such as X, Y and Corner. MQL source code included.
It also shows several symbols in one panel.
Files in the download: #4X 2010 Forex Power.ex4, #4X 2010 Forex Power.mq4, indicator01.ex4, indicator01.mq4, indicator02.ex4, indicator02.mq4, RaitisCyFilter.ex4, RaitisCyFilter.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| X | 55 | |
| Y | 35 | |
| Corner | 1 | |
| Window | 1 | |
| Step | 0.02 | Distance between orders |
| Maximum | 0.2 | |
| Signal period | 12 | Period or timeframe used by the calculation |
| Arrow period | 2 | Period or timeframe used by the calculation |
| Sl pips | 100 | Stop loss distance |
| Alert on | TRUE | Turn this alert on or off |
| TRUE | Turn this alert on or off | |
| Time frame | current time frame | Period or timeframe used by the calculation |
| Smooth period | 5 | Period or timeframe used by the calculation |
| Smooth phase | 0 | |
| Alerts on | FALSE | Turn this alert on or off |
| Alerts on current | FALSE | Turn this alert on or off |
| Alerts message | FALSE | Turn this alert on or off |
| Alerts sound | FALSE | Turn this alert on or off |
| Alerts email | FALSE | Turn this alert on or off |
| Hma period | 30 | Period or timeframe used by the calculation |
| Smooth1 period | 12.0 | Period or timeframe used by the calculation |
| Smooth1 price | 0 | |
| Smooth1 phase | 0.0 | |
| Smooth2 period | 26.0 | Period or timeframe used by the calculation |
| Smooth2 price | 0 | |
| Smooth2 phase | 0.0 | |
| Interpolate | TRUE | |
| Up band price | 2 | |
| Lo band price | 3 | |
| Up band period | 9 | Period or timeframe used by the calculation |
| Lo band period | 9 | Period or timeframe used by the calculation |
| Up band risk | 0.3 | Risk per trade (percent of balance) |
| Lo band risk | 0.3 | Risk per trade (percent of balance) |
| Up band pre smooth | 1 | |
| Lo band pre smooth | 1 | |
| Up band ma mode | 0 | |
| Lo band ma mode | 0 | |
| Signal mode | 1 | |
| Stop mode | 1 | |
| Bars mode | 1 |
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 · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Dashboards & Scanners · Moving Average · Bollinger Bands · MT4 Indicator · MQL4 Source Code