Forex Turtle Channel Swing Trading Strategy
From the Old Kings archive: Forex Turtle Channel Swing Trading Strategy, an indicator for MetaTrader 4. Its name points to price channels. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 11 settings, for example Range Periods (default 120), Price Smoothing (default 0.67) and Index Smoothing (default 0.5). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 3 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 Turtle Channel Swing Trading Strategy
Forex Turtle Channel Swing Trading Strategy is an indicator for MetaTrader 4 based on 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 11 settings, such as Range periods, Price smoothing and Index smoothing. MQL source code included.
Files in the download: Fisher_1.mq4, HAMA2.mq4, installation manual.txt, the turtle channel forex system.tpl, TheTurtleTradingChannel.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Range periods | 120 | was 30 |
| Price smoothing | 0.67 | =0.67 bei Fisher_m10 |
| Index smoothing | 0.5 | =0.50 bei Fisher_m10 |
| Alert on | true | Turn this alert on or off |
| Ma metod | 3 | |
| Ma period | 29 | Period or timeframe used by the calculation |
| Width | 3 | |
| Trade period | 20 | Donchian channel period for trading signals |
| Stop period | 10 | Donchian channel period for exit signals |
| Strict | false | Apply strict entry parameters like the Turtles did |
| Display alerts | false | You know... |
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: Channels & Envelopes · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code