MetaTrader 4

Various programs and MQL4 codes for your MetaTrader 4 terminal – download and study the code examples, or simply use the MT4 Indicators and Expert Advisors to improve trading results, minimize risks and increase profits.

Rainbow Indicator for mt4 – indicator MetaTrader 4

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Rainbow Indicator for mt4 - indicator for MetaTrader 4
There are 2 input parameters: AtrMultiplier: The lines will have this* the current Atr value distance from the moving averages. Period: High and Low moving average, Atr period. The basic idea is to have 6 lines: upper will be 2*atrmultiplier*atr +HighMA, second then atrmultiplier*atr + HighMA… Very easy to understand,  I’ve also made a video … Read more

Multi_BreakEven.mt4 – script MetaTrader 4

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Multi_BreakEven.mt4 - script for MetaTrader 4
  Multi_BreakEven enables setting multiple entry positions to breakeven, either through pips or a target price, once the trade becomes favorable. This feature ensures that the investor safeguards their investment, allowing the trade to either reach the desired profit target or exit at the breakeven point. Traders can opt for the Pips method, which defaults … Read more

PA RSI – indicator MetaTrader 4

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PA RSI - indicator for MetaTrader 4
With its advanced algorithm and precise calculations, this indicator provides traders with timely and highly reliable signals to enter or exit trades at the optimal point. By effectively indicating the end of trends, it enables traders to enhance their decision-making process and maximize their profits. Whether you are a beginner or an experienced trader, the … Read more

Multi time frame example by recursion – indicator MetaTrader 4

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Multi time frame example by recursion - indicator for MetaTrader 4
The purpose of this indicator is to demonstrate newbie friendly way a structure of a multi time frame indicator based on recursion. A function which is responsible of the indicator calculation itself can be replaced easily. A functionality which is responsible of downloading of multi time frame data can also be utilized and if modified … Read more