Forex Strike Intraday Breakout Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Strike Intraday Breakout Trading Strategy. Its name points to breakouts from a range. In the code it works with RSI, moving averages and ATR. It has 33 settings, for example RSI Period (default 13), RSI Price (default 0) and Volatility Band (default 34). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 8 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 Strike Intraday Breakout Trading Strategy
Forex Strike Intraday Breakout Trading Strategy is an indicator for MetaTrader 4 based on RSI, Moving Average and ATR. It has 33 settings, such as Rsi period, Rsi price and Volatility band. MQL source code included.
Files in the download: Breakout Directional Intraday I-regression.tpl, Breakout Directional Intraday.tpl, FOREX STRATEGIST SR.ex4, installation manual.txt, Traders_Dynamic_Index_Cloud.ex4, Traders_Dynamic_Index_Cloud.mq4, TrendLineChannel WC_NLR.ex4, TrendPlus_Zone.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 13 | 8-25 |
| Rsi price | 0 | 0-6 |
| Volatility band | 34 | 20-40 |
| Rsi price line | 2 | |
| Rsi price type | 0 | 0-3 |
| Trade signal line | 7 | |
| Trade signal type | 0 | 0-3 |
| Start time | 06:00 | |
| End time | 09:00 | |
| Session end time | 00:00 | |
| Session color | C'0x37,0x37,0x37' | Colour on the chart |
| Num days | 60 | |
| Min box size in pips | 25 | |
| Max box size in pips | 55 | |
| Limit box to max size | TRUE | |
| Tp1 factor | 0.618 | |
| Tp3 factor | 2.0 | |
| Levels resize factor | 1.0 | |
| Box color ok | C'0x6C,0x6C,0x00' | Colour on the chart |
| Box color nok | C'0x6C,0x6C,0x00' | Colour on the chart |
| Box color max | Gold | Colour on the chart |
| Level color | C'0x6C,0x6C,0x00' | Colour on the chart |
| Fib length | 12 | |
| Show profit zone | TRUE | |
| Profit color | DimGray | Colour on the chart |
| Show box infos | TRUE | |
| Enable max box average | TRUE | |
| Factor box average | 0.5 | |
| Max limit with atr | ||
| Enable max box with atr | FALSE | |
| Factor atr | 4.0 | |
| Period atr | 100 | Number of bars in the calculation |
| Obj prefix | . |
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 · RSI · Moving Average · ATR · MT4 Indicator · MQL4 Source Code