Forex Trade Break Out Trading Indicator
Forex Trade Break Out Trading Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is breakouts from a range. It has 2 settings, for example L (default 50) and Price Type (default 1). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file 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 Trade Break Out Trading Indicator
Forex Trade Break Out Trading Indicator is an indicator for MetaTrader 4. It has 2 settings, such as L and Price type. MQL source code included.
Files in the download: installation manual.txt, tradebreakout.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| L | 50 | Period |
| Price type | 1 | 0 - Close, 1 - High/Low |
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 · MT4 Indicator · MQL4 Source Code