Londonbreakout
From the Old Kings archive: Londonbreakout, an indicator for MetaTrader 4. In the code it works with ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Time Frame (default 0), Risk (default 3) and Signal Mode (default 1). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 3 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 Londonbreakout
Londonbreakout is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Time frame, Risk and Signal mode. MQL source code included.
Files in the download: LabTrend1_v5 600+.mq4, London BreakoutV9.3.mq4, londonbreakout.tpl, MaksiGen_Range_Move mtf 2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | TimeFrame in min |
| Risk | 3 | Price Channel narrowing factor (1..10) |
| Signal mode | 1 | Switch of Signal mode(0-off,1-on) |
| Color bars mode | 1 | Switch of Color Bars mode(0-off,1-on) |
| Alerts | --- Alerts & Emails --- | Turn this alert on or off |
| Alert mode | 0 | Turn this alert on or off |
| Sounds number | 5 | Number of sounds after Signal |
| Sounds pause | 5 | Pause in sec between sounds |
| Up sound | alert.wav | Turn this alert on or off |
| Dn sound | alert2.wav | Turn this alert on or off |
| Email mode | 0 | 0-on,1-off |
| Emails number | 1 | 0-on,1-off |
| 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 |
| 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 |
| 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 · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · ATR · MT4 Indicator · MQL4 Source Code