Forex Ribbon Trader Trading System
This Old Kings indicator for MetaTrader 4 is called Forex Ribbon Trader Trading System. In the code it works with moving averages and ATR. It draws arrows on the chart and can send alerts. It has 34 settings, for example note1 (default Change font colors autom), Bid Ask Colors (default False) and note2 (default Default Font Color). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 6 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 Ribbon Trader Trading System
Forex Ribbon Trader Trading System is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 34 settings, such as Note1, Bid ask colors and Note2. MQL source code included.
Files in the download: installation manual.txt, ###Gann_HiLo_Activator_v2###.ex4, ATM_Pure_Market_Price.mq4, Candle Time & Spread.mq4, MA ribbon filled_Alerts.mq4, THV4 TzPivotsD (Black).ex4, ribbon .tpl, RibbonTrader.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Note1 | Change font colors automatically? True = | |
| Bid ask colors | False | Colour on the chart |
| Note2 | Default Font Color | |
| Font color | Black | Colour on the chart |
| Note3 | Font Size | |
| Font size | 26 | |
| Note4 | Font Type | |
| Font type | Arial Bold | |
| Note5 | Display the price in what corner? | |
| What corner | 3 | |
| Last digit diff | 10 | |
| Clock color | DimGray | Colour on the chart |
| Corner placement | 1 is top right 3 is bottom right | |
| Corner | 3 | |
| Ma1 period | 20 | Period or timeframe used by the calculation |
| Ma1 method | MODE_SMA | |
| Ma1 price | PRICE_CLOSE | |
| Ma2 period | 55 | Period or timeframe used by the calculation |
| Ma2 method | MODE_SMMA | |
| Ma2 price | PRICE_CLOSE | |
| Show arrows | true | |
| Arrow width | 2 | |
| My font | Arial Bold | |
| My font size | 20 | |
| X start | 0 | |
| X off set | 0 | |
| Ma period | 5 | Period or timeframe used by the calculation |
| Ma type | 1 | |
| Bar width | 0 | |
| Bar color up | Lime | Colour on the chart |
| Bar color down | Red | Colour on the chart |
| Text color | Black | Colour on the chart |
| Max bars | 500 | |
| My wingding | 110 |
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 · Moving Average · ATR · MT4 Indicator · MQL4 Source Code