London Breakout V9.4.mq4
This Old Kings indicator for MetaTrader 4 is called London Breakout V9.4.mq4. Its name points to the trading sessions (Asian, London, New York) and breakouts from a range. The file name marks it as version 9.4. It can send alerts. It has 31 settings, for example Info (default London Breakout), Start Time (default 06:00) and End Time (default 09:00). Load it on a demo chart and check whether its signals repaint before trusting them. 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 · v9.4 · Free
About London Breakout V9.4.mq4
London Breakout V9.4.mq4 is an indicator for MetaTrader 4. It can alert you with a pop-up, sound, email or push message. It has 31 settings, such as Info, Start time and End time. MQL source code included.
Files in the download: London BreakoutV9.4.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Info | London Breakout | |
| Start time | 06:00 | time for start of price establishment window |
| End time | 09:00 | time for end of price establishment window |
| Session start time | 10:00 | start of daily session; tomorrow is another day! |
| Session end time | 05:00 | end of daily session; tomorrow is another day! |
| Max box size in pips | 60 | 50; // box size limit to show Red "NO TRADE" box |
| Entry factor | 0.8 | 0.3; |
| Tp factor | 2.58 | 1.3; |
| Levels resize factor | 1.0 | |
| Min extent in pips | 0 | actual box extent min limit for computing trade levels; |
| Max extent in pips | 0 | actual box extent max limit for computing trade levels; 0 will default to MaxBoxSizeInPips; |
| Box color ok | clrLightBlue | Colour on the chart |
| Box color nok | clrRed | Colour on the chart |
| Level color | clrBlack | Colour on the chart |
| Session color | clrPapayaWhip | show Session periods with a different background color |
| Num days | 60 | days back |
| Fib length | 9 | |
| Show profit zone | true | |
| Profit color | clrLightGreen | Colour on the chart |
| Obj prefix | LB- | all objects drawn by this indicator will be prefixed with this |
| Draw fib lines | true | draw "fib" lines with entry/stop/target information |
| Alerts | ==== Alerts & Emails: ==== | Turn this alert on or off |
| Alert on | false | Turn this alert on or off |
| Alert shift | 0 | Alert Shift:0-current bar,1-previous bar |
| Sounds number | 5 | Number of sounds after Signal |
| Sounds pause | 5 | Pause in sec between sounds |
| Up trend sound | alert.wav | Turn this alert on or off |
| Dn trend sound | alert2.wav | Turn this alert on or off |
| Email on | false | Turn this alert on or off |
| Emails number | 1 | Turn this alert on or off |
| Push notification on | false | Turn this alert on or off |
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 · Trading Sessions · Alerts · MT4 Indicator · MQL4 Source Code