Forex Two Points Resistance Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Two Points Resistance Trading Strategy. Judging by its name, it is built around support / resistance levels. In the code it works with moving averages. It has 26 settings, for example Price (default 0), Length (default 14) and Pct Filter (default 2.0). 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 Two Points Resistance Trading Strategy
Forex Two Points Resistance Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It has 26 settings, such as Price, Length and Pct filter. MQL source code included.
Files in the download: 2POINT-INDICATOR.mq4, installation manual.txt, TRADING-NUMBERS.mq4, two points system.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Price | 0 | |
| Length | 14 | |
| Pct filter | 2.0 | |
| Gm tshift | 0 | Bar shift (0 = current bar) |
| Label shift | 20 | Bar shift (0 = current bar) |
| Line shift | 40 | Bar shift (0 = current bar) |
| Pivot | TRUE | |
| Pivot color | Yellow | Colour on the chart |
| Pivot font color | White | Colour on the chart |
| Pivot font size | 8 | |
| Camarilla pivots | FALSE | |
| Use h1 h2 l1 l2 | FALSE | |
| Cam font color | White | Colour on the chart |
| Cam font size | 10 | |
| Fib pivots | FALSE | |
| Fib color | Sienna | Colour on the chart |
| Fib font color | White | Colour on the chart |
| Fib font size | 8 | |
| Standard pivots | TRUE | |
| Standard font color | White | Colour on the chart |
| Standard font size | 8 | |
| Support color | White | Colour on the chart |
| Resistance color | Red | Colour on the chart |
| Mid pivots | FALSE | |
| Mid pivot color | White | Colour on the chart |
| Mid font size | 8 |
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: Moving Average · MT4 Indicator · MQL4 Source Code