Forex Reversal Channel High Low Binary Options Strategy
Forex Reversal Channel High Low Binary Options Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is the daily high / low range, price channels and reversals against the current move. It draws arrows on the chart. It has 5 settings, for example Use Full Candle Size (default false), Number Of Candles (default 2) and Arrow Distance (default 3). 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 Reversal Channel High Low Binary Options Strategy
Forex Reversal Channel High Low Binary Options Strategy is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 5 settings, such as Use full candle size, Number of candles and Arrow distance. MQL source code included.
Files in the download: 5 candles reversal binary options strategy highlow.tpl, installation manual.txt, Reversal_Indicator_v2.ex4, Reversal_Indicator_v2.mq4, Robby DSS Bressert Colored_A(8-8).ex4, Robby DSS Bressert Colored_A(8-8).mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Use full candle size | false | |
| Number of candles | 2 | |
| Arrow distance | 3 | Distance between orders |
| Ema period | 8 | Period or timeframe used by the calculation |
| Stochastic period | 8 | Period or timeframe used by the calculation |
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 · Binary Options · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code