Forex Trend Explosion Trading System
Forex Trend Explosion Trading System — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to following the trend. Its source code uses ATR. It has 2 settings, for example Nbr Periods (default 10) and Multiplier (default 3.0). 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 Trend Explosion Trading System
Forex Trend Explosion Trading System is an indicator for MetaTrader 4 based on ATR. It has 2 settings, such as Nbr periods and Multiplier. MQL source code included.
Files in the download: installation manual.txt, Signal.ex4, StopLoss.ex4, SuperTrend.ex4, SuperTrend.mq4, trend explosion system.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Nbr periods | 10 | Number of bars in the calculation |
| Multiplier | 3.0 | How much the lot size grows after a loss |
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 · ATR · MT4 Indicator · MQL4 Source Code