Madlen 5.0
This Old Kings indicator for MetaTrader 4 is called Madlen 5.0. 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
Madlen 5.0 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