Madlen 5.0 2
From the Old Kings archive: Madlen 5.0 2, an indicator for MetaTrader 4. In the code it works with fractals. It can send alerts and is set up for gold. It has 15 settings, for example __ (default ), cfg Signal (default false) and _ (default ). 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 · v1.0 · Free
About Madlen 5.0 2
Madlen 5.0 2 is an indicator for MetaTrader 4 based on Fractals. It can alert you with a pop-up, sound, email or push message and is set up for gold (XAUUSD). It has 15 settings, such as __, Cfg signal and _. MQL source code included.
Files in the download: Madlen_5_0.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| __ | ||
| Cfg signal | false | |
| _ | ||
| Cfg period | 0 | D1 |
| Cfg max bars | 5 | |
| Cfg ray | true | |
| Cfg draw last | true | . |
| Cfg draw fibo | true | Fibo |
| Session | ||
| Cfg draw session | true | |
| Cfg session color1 | MediumTurquoise | Colour on the chart |
| Cfg session color2 | Gainsboro | Colour on the chart |
| Risks | Risk per trade (percent of balance) | |
| Cfg risk | 0.01 | Risk per trade (percent of balance) |
| Cfg risk level point | 25 | Risk per trade (percent of balance) |
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: Alerts · Gold (XAUUSD) · Fractals · MT4 Indicator · MQL4 Source Code