Forex Verbtheorys Breakout Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Verbtheorys Breakout Trading Strategy. As the name suggests, the idea behind it is breakouts from a range. It has 30 settings, for example my Chart X (default 0), my Chart Y (default 40) and my Corner (default 1). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 5 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 Verbtheorys Breakout Trading Strategy
Forex Verbtheorys Breakout Trading Strategy is an indicator for MetaTrader 4. It has 30 settings, such as My chart x, My chart y and My corner. MQL source code included.
Files in the download: Verb-Mod-GMTime-v1.ex4, Verb-Mod-TRO-MyNotes-v1.ex4, Verb-Mod-TRO-MyNotes-v1.mq4, Verb-Mod-MTP34-v0.ex4, Verb-Mod-MTP34-v0.mq4, installation manual.txt, Verb-Day-Break-v1-(4-digit).tpl, Verb-Day-Break-v1-(5-digit).tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| My chart x | 0 | |
| My chart y | 40 | |
| My corner | 1 | |
| My font | Arial | |
| My font size | 8 | |
| Color head | DarkGray | Colour on the chart |
| Color comment | White | Colour on the chart |
| My note01 | Verbtheory's Day Break System v1.0 | |
| My note02 | ---------------------------------------- | |
| My note03 | Wait for 23:30 GMT & Enter 2 Pending Ord | |
| My note04 | ---------------------------------------- | |
| My note05 | Buy Stop = Yesterday High + 10 pips | |
| My note06 | Sell Stop = Yesterday's Low - 10 pips | |
| My note07 | ---------------------------------------- | |
| My note08 | Set managetpv34 correctly, for 5-digit b | |
| My note09 | ---------------------------------------- | |
| My note10 | (c) 2009 manualforextrader.com | |
| First target | 20 | |
| Target increment | 20 | |
| Close lots | 0.2 | |
| Move stops | true | |
| First stop target | 10 | |
| First stop | 0 | |
| Second stop target | 30 | |
| Second stop | 10 | |
| Third stop target | 50 | |
| Third stop | 40 | |
| Use max loss | true | |
| Max loss | 20 | |
| Magic number | 0 | Magic number that tells this EA's orders apart |
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: Breakout · MT4 Indicator · MQL4 Source Code