Forexprofitmonster
Forexprofitmonster — a MetaTrader 4 indicator kept in the Old Kings collection. Its source code uses moving averages and ADX. It draws arrows on the chart, can send alerts and shows an on-chart panel. It has 21 settings, for example Risk to Reward ratio (default 3.0), Show Local (default FALSE) and corner (default 3). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 14 indicator files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 Forexprofitmonster
Forexprofitmonster is an indicator for MetaTrader 4 based on Moving Average and ADX. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and shows several symbols in one panel. It has 21 settings, such as Risk to reward ratio, Show local and Corner. MQL source code included.
Files in the download: forexprofitmonster.com\Forex+Profit+Monster\Forex Profit Monster\FOREX Profit Mo, forexprofitmonster.com\Forex+Profit+Monster\Forex Profit Monster\experts\indicat, forexprofitmonster.com\Forex+Profit+Monster\Forex Profit Monster\experts\indicat, forexprofitmonster.com\Forex+Profit+Monster\Forex Profit Monster\experts\indicat, forexprofitmonster.com\Forex+Profit+Monster\Forex Profit Monster\experts\indicat, forexprofitmonster.com\Forex+Profit+Monster\Forex Profit Monster\experts\indicat, forexprofitmonster.com\Forex+Profit+Monster\Forex Profit Monster\experts\indicat, forexprofitmonster.com\Forex+Profit+Monster\Forex Profit Monster\experts\indicat ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Risk to reward ratio | 3.0 | Risk per trade (percent of balance) |
| Show local | FALSE | |
| Corner | 3 | |
| Top off | 120 | |
| Label color | Gray | Colour on the chart |
| Clock color | White | Colour on the chart |
| Show12 hour time | FALSE | |
| Alerts | TRUE | Turn this alert on or off |
| Count bars | 3000 | |
| Hours | 1080 | |
| Col | LimeGreen | |
| Number of days | 50 | |
| Begin 1 | 08:00 | Hour when trading starts (server time) |
| End 1 | 11:00 | |
| Color 1 | DarkBlue | Colour on the chart |
| Begin 2 | 14:00 | Hour when trading starts (server time) |
| End 2 | 17:00 | |
| Color 2 | Brown | Colour on the chart |
| High range | FALSE | |
| Spread threshold | 6 | Maximum spread allowed to trade |
| Show d1 adx | 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: Buy/Sell Arrows · Alerts · Dashboards & Scanners · Moving Average · ADX · MT4 Indicator · MQL4 Source Code