Forex SDX Breakout Trading Strategy
Forex SDX Breakout Trading Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is breakouts from a range. Its source code uses divergence checks, MACD and RSI. It draws arrows on the chart and can send alerts. It has 12 settings, for example separator1 (default *** OSMA Settings ***), fast EMA (default 12) and slow EMA (default 26). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 SDX Breakout Trading Strategy
Forex SDX Breakout Trading Strategy is an indicator for MetaTrader 4 based on Divergence, MACD and RSI. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 12 settings, such as Separator1, Fast ema and Slow ema. MQL source code included.
Files in the download: Entry.ex4, FX5_Divergence_V2.1.mq4, RSI HistoAlert v2.mq4, SDX- 8h.mq4, SHI_Channel_MTF.ex4, THV3 CandleClock.ex4, installation manual.txt, breakout sdx 8h.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Separator1 | *** OSMA Settings *** | |
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal | 9 | |
| Separator2 | *** Indicator Settings *** | |
| Draw divergence lines | true | |
| Display alert | true | Turn this alert on or off |
| Rsi period | 8,RSIPrice=0,MASignal=13,MAMode=0,BuyAle | Period or timeframe used by the calculation |
| Rsi histo modify | 1.5 | |
| Do entry alerts | false | Turn this alert on or off |
| Time zone of data | 1 | time zone of metatrader charts |
| Pips for entry | 5 |
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: Breakout · Buy/Sell Arrows · Alerts · Divergence · MACD · RSI · MT4 Indicator · MQL4 Source Code