Forex Training Wheels Trading System
Forex Training Wheels Trading System is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses the Stochastic oscillator, moving averages and ATR. It has 18 settings, for example Show Comment (default true), Ending Time M1 (default 10) and Ending Time M5 (default 30). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 4 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 Training Wheels Trading System
Forex Training Wheels Trading System is an indicator for MetaTrader 4 based on Stochastic, Moving Average and ATR. It has 18 settings, such as Show comment, Ending time m1 and Ending time m5. MQL source code included.
Files in the download: EndOfBar.mq4, installation manual.txt, TW_ATR_Channels.mq4, TW_StochRainbow.mq4, TW_TrendSignal.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Show comment | true | Comment written on the orders |
| Ending time m1 | 10 | |
| Ending time m5 | 30 | |
| Ending time m15 | 60 | |
| Ending time m30 | 120 | |
| Ending time h1 | 300 | |
| Ending time h4 | 600 | |
| Ending time d1 | 1800 | |
| Clock color | Black | Colour on the chart |
| Ending color | Red | Colour on the chart |
| Periods atr | 26 | Number of bars in the calculation |
| Ma periods | 16 | Number of bars in the calculation |
| Ma type | MODE_SMMA | |
| Mult factor1 | 1.6 | |
| Mult factor2 | 3.2 | |
| Mult factor3 | 4.8 | |
| Stoch period | 1 | Period or timeframe used by the calculation |
| K period | 3 | Period or timeframe used by the calculation |
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: Stochastic · Moving Average · ATR · MT4 Indicator · MQL4 Source Code