Forex Trend Rider Swing Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Trend Rider Swing Trading Strategy. Judging by its name, it is built around following the trend. In the code it works with RSI and moving averages. It draws arrows on the chart and can send alerts. It has 35 settings, for example SSP (default 7), Kmax (default 50.6) and Count Bars (default 300). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Rider Swing Trading Strategy
Forex Trend Rider Swing Trading Strategy is an indicator for MetaTrader 4 based on RSI and Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 35 settings, such as SSP, Kmax and Count bars. MQL source code included.
Files in the download: goldminer2.mq4, installation manual.txt, 2MA Crossover.mq4, FD - ForexTrend.ex4, traders dynamic index forex system.tpl, trenddinamicindex.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| SSP | 7 | |
| Kmax | 50.6 | |
| Count bars | 300 | |
| Note1 | First Moving Average | |
| MA1 | 4 | |
| Note2 | 0=sma, 1=ema, 2=smma, 3=lwma | |
| Ma1 mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Note3 | ---------------------------------------- | |
| Note4 | Second Moving Average | |
| MA2 | 8 | |
| Note5 | 0=sma, 1=ema, 2=smma, 3=lwma | |
| Ma2 mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Note6 | ---------------------------------------- | |
| Note7 | Arrow Type | |
| Note8 | 0=Thick, 1=Thin, 2=Hollow, 3=Round | |
| Note9 | 4=Fractal, 5=Diagonal Thin | |
| Note10 | 6=Diagonal Thick, 7=Diagonal Hollow | |
| Note11 | 8=Thumb, 9=Finger | |
| Arrow type | 2 | |
| Note12 | ---------------------------------------- | |
| Alert on | true | Turn this alert on or off |
| Note14 | ---------------------------------------- | |
| Send an email | false | Turn this alert on or off |
| Show visual alerts | true | Turn this alert on or off |
| Shift sideway | 0 | Bar shift (0 = current bar) |
| Shift up down | 0 | Bar shift (0 = current bar) |
| Rsi period | 13 | 8-25 |
| Rsi price | 0 | 0-6 |
| Volatility band | 34 | 20-40 |
| Rsi price line | 2 | |
| Rsi price type | 0 | 0-3 |
| Trade signal line | 7 | |
| Show trade signal line2 | true | |
| Trade signal line2 | 18 | |
| Trade signal type | 0 | 0-3 |
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 · RSI · Moving Average · MT4 Indicator · MQL4 Source Code