Forex Trend Catching Modified Trading System
Forex Trend Catching Modified Trading System — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to following the trend. This copy is a modified edition. Its source code uses MACD and Bollinger Bands. It draws arrows on the chart and can send alerts. It has 11 settings, for example Length (default 20), Deviation (default 2) and Money Risk (default 1.00). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 2 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 Trend Catching Modified Trading System
Forex Trend Catching Modified Trading System is an indicator for MetaTrader 4 based on MACD and Bollinger Bands. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 11 settings, such as Length, Deviation and Money risk. MQL source code included.
Files in the download: BBANDS~1.mq4, FlatTrend w MACD.mq4, installation manual.txt, trendcatchingsystem.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Length | 20 | Bollinger Bands Period |
| Deviation | 2 | Deviation was 2 |
| Money risk | 1.00 | Offset Factor |
| Signal | 1 | Display signals mode: 1-Signals & Stops; 0-only Stops; 2-only Signals; |
| Line | 1 | Display line mode: 0-no,1-yes |
| Nbars | 1000 | |
| Sound on | true | Turn this alert on or off |
| Minutes | 60 | |
| Macd fast | 8 | |
| Macd slow | 21 | |
| Macd ma | 9 |
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: Trend · Buy/Sell Arrows · Alerts · MACD · Bollinger Bands · MT4 Indicator · MQL4 Source Code