Magic Fx Formula 7
From the Old Kings archive: Magic Fx Formula 7, an indicator for MetaTrader 4. In the code it works with Bollinger Bands. It draws arrows on the chart and can send alerts. It has 2 settings, for example Alert ON (default TRUE) and Email (default TRUE). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Magic Fx Formula 7
Magic Fx Formula 7 is an indicator for MetaTrader 4 based on Bollinger Bands. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 2 settings, such as Alert on and Email. MQL source code included.
Files in the download: Magic Fx Formula (1).mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Alert on | TRUE | Turn this alert on or off |
| TRUE | 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: Buy/Sell Arrows · Alerts · Bollinger Bands · MT4 Indicator · MQL4 Source Code