Forex Timing ATR Breakout Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Timing ATR Breakout Trading Strategy. Judging by its name, it is built around ATR volatility and breakouts from a range. In the code it works with ATR. It draws arrows on the chart. It has 6 settings, for example Range2 (default 20), Range3 (default 55) and atr factor (default 2). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 5 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 Timing ATR Breakout Trading Strategy
Forex Timing ATR Breakout Trading Strategy is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart. It has 6 settings, such as Range2, Range3 and Atr factor. MQL source code included.
Files in the download: !!channel_breakout_atr.mq4, 1_NEW ABHAFXS TIMING V2_5-1_modified_30_chart_window.ex4, 1_NEW ABHAFXS TIMING V2_5-1_modified_30_chart_window.mq4, 1_NEW ABHAFXS TIMING V2_5-1_modified_chart_window_100.ex4, 1_NEW ABHAFXS TIMING V2_5-1_modified_chart_window_100.mq4, channel breakout.tpl, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Range2 | 20 | |
| Range3 | 55 | |
| Atr factor | 2 | |
| Atr range | 14 | |
| Add atr factor | 0.5 | |
| Spread | 5 | Maximum spread allowed to trade |
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 · ATR · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code