Forex Valeo Method Trading System
Forex Valeo Method Trading System — a MetaTrader 4 indicator kept in the Old Kings collection. Its source code uses RSI, moving averages, CCI and an oscillator. It draws arrows on the chart and can send alerts. It has 40 settings, for example cbars (default 600), cci per (default 5) and cci level (default 165). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 22 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 Valeo Method Trading System
Forex Valeo Method Trading System is an indicator for MetaTrader 4 based on RSI, Moving Average, CCI and Oscillator. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Cbars, Cci per and Cci level. MQL source code included.
Files in the download: #CCI_ALERT-5_Silent.mq4, #SpudFibo.mq4, CCI_Cross_New-2 only 25-40.mq4, Chimp2_1- M5.mq4, Chimp2_1_Signal.mq4, Clock.mq4, ICWR COLOR-EXT-Goen.mq4, installation manual.txt ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Cbars | 600 | |
| Cci per | 5 | |
| Cci level | 165 | |
| Note1 | Fibonacci colors | |
| Upper fibo color | Plum | Colour on the chart |
| Main fibo color | DodgerBlue | Colour on the chart |
| Lower fibo color | Thistle | Plum;//SlateBlue; |
| Note2 | Draw main Fibonacci lines? | |
| Inner fibs | true | |
| Fast cci | 5 | |
| Slow cci | 25 | 15 |
| Very slow cci | 40 | 28 |
| Move arrow | 5 | 5 werk nie; kort nog iets onder s Gerhard. |
| Weight dm | 2.5 | |
| Weight di | 2.0 | |
| Weight dx | 1.0 | |
| Weight out | 2.0 | 1.0 |
| Ma | 10 | |
| Depth | 12 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
| Required wave height | 100 | 40 |
| Show price | True | |
| Rsi candles | == TF 30Min RSI === | |
| Tf30 rsi8 per | 8 | |
| Tf30 rsi4 per | 4 | |
| Tf30 rsi2 per | 2 | |
| BARS | 300 | |
| Iiiiiiiiiiiiiiiiiiiiiiiii | >>> Candle/Wick Display Settings >>>>>>> | |
| Rsi period 1 | 8 | 14 |
| Rsi period 2 | 4 | Number of bars in the calculation |
| Rsi period 3 | 2 | Number of bars in the calculation |
| TF1 | 30 | |
| Line size1 | 1 | |
| Line size2 | 2 | |
| Line size3 | 2 | |
| Dot size1 | 2 | |
| Dot size2 | 1 | |
| Number of bars | 500 | |
| Local time zone | 2 | This does not change at all; read the example above. |
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: Buy/Sell Arrows · Alerts · RSI · Moving Average · CCI · Oscillator · MT4 Indicator · MQL4 Source Code