Forex Trend Way Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Trend Way Trading Strategy. Judging by its name, it is built around following the trend. In the code it works with moving averages. It can send alerts and can read another timeframe. It has 13 settings, for example Time Frame (default Current time frame), trend Period (default 20) and Trigger Up (default 0.05). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 6 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 Way Trading Strategy
Forex Trend Way Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 13 settings, such as Time frame, Trend period and Trigger up. MQL source code included.
Files in the download: Indicator blip-bloop.ex4, installation manual.txt, MKNC_4-set.ex4, ml-Trend direction & force index - smoothed 3 & alerts nmc.ex4, ml-Trend direction & force index - smoothed 3 & alerts nmc.mq4, ml-Trend-direction-force-index-smoothed-3-alerts-nmc.ex4, ml-Trend-direction-force-index-smoothed-3-alerts-nmc.mq4, Trend way with direction force.tpl ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Trend period | 20 | Period or timeframe used by the calculation |
| Trigger up | 0.05 | |
| Trigger down | -0.05 | |
| Smooth length | 5 | |
| Smooth phase | 0 | |
| Color change on zero cross | false | Colour on the chart |
| Alerts on | False | Turn this alert on or off |
| Alerts on current bar | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Interpolate | true |
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 · Alerts · Multi-Timeframe (MTF) · Moving Average · MT4 Indicator · MQL4 Source Code