Forex Wid Breakout Trading System
Forex Wid Breakout Trading System is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to breakouts from a range. Its source code uses ZigZag. It draws arrows on the chart. It has 10 settings, for example Notes (default 15pip RangeBars Basic Se), Zig Zag Depth (default 1) and Retrace Depth Min (default 0.4). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 4 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 Wid Breakout Trading System
Forex Wid Breakout Trading System is an indicator for MetaTrader 4 based on ZigZag. It draws buy and sell arrows on the chart. It has 10 settings, such as Notes, Zig zag depth and Retrace depth min. MQL source code included.
Files in the download: 123PatternsV6.mq4, ArrZZx2.ex4, FantailVMA3.ex4, installation manual.txt, support-resistance-4-hour.ex4, wid breakout.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Notes | 15pip RangeBars Basic Setup | |
| Zig zag depth | 1 | |
| Retrace depth min | 0.4 | |
| Retrace depth max | 1.0 | |
| Show all lines | True | |
| Show all breaks | True | |
| Show targets | False | |
| Target1 multiply | 1.5 | How much the lot size grows after a loss |
| Target2 multiply | 3.0 | How much the lot size grows after a loss |
| Hide transitions | 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: Breakout · Buy/Sell Arrows · ZigZag · MT4 Indicator · MQL4 Source Code