Forex WPR Slow Trend Following Strategy
This Old Kings indicator for MetaTrader 4 is called Forex WPR Slow Trend Following Strategy. As the name suggests, the idea behind it is following the trend. In the code it works with an oscillator. It has 6 settings, for example P (default 54), n1 (default 9) and n2 (default 49). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file 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 WPR Slow Trend Following Strategy
Forex WPR Slow Trend Following Strategy is an indicator for MetaTrader 4 based on Oscillator. It has 6 settings, such as P, N1 and N2. MQL source code included.
Files in the download: installation manual.txt, three exponential moving averages trading system.tpl, WPRslow.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| P | 54 | |
| N1 | 9 | |
| N2 | 49 | |
| Count bars | 300 | |
| Color1 | Yellow | Colour on the chart |
| Color2 | Red | Colour on the chart |
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: Trend · Oscillator · MT4 Indicator · MQL4 Source Code