Tired of wading through noisy charts and false breakouts? The Strike Logic Indicator V1.30 for MT4 cuts through the clutter by zeroing in on genuine swing levels backed by adaptive volatility filters. Traders often struggle spotting reliable entry and exit points… Strike Logic solves that with clear, color-coded zones that highlight when the market’s momentum is about to tip in your favor. In this post, you’ll discover exactly how it works, why it delivers, and how to set it up on your MetaTrader 4 platform.
Core Logic
Strike Logic uses a two-step process to identify high-probability zones:
- Swing Level Detection
- Tracks recent swing highs and lows over user-defined bars.
- Marks these levels with distinct lines for instant visual clarity.
2. Adaptive Volatility Filtering
- Measures current market volatility (ATR-based).
- Adjusts sensitivity so signals aren’t triggered by minor price wobbles.
When price closes above a swing high for a set number of bars, Strike Logic flags a potential breakout. Conversely, consecutive closes below a swing low signal a breakdown. Every plotted zone combines price action and volatility analysis—so you only see setups that matter.
Key Features
- Dynamic Swing Detection: Auto-updates support and resistance as new highs/lows form.
- Volatility-Filtered Signals: Filters out noise by adapting to changing ATR readings.
- Trend Confirmation Logic: Confirms breakouts only in the direction of the prevailing trend.
- Color-Coded Zones: Green for rising breakouts; red for falling breakdowns.
- Customizable Bar Count: Define how many bars to confirm a valid breakout.
- Adjustable Volatility Multiplier: Fine-tune sensitivity to market conditions.
- Alert System: On-screen, email, and push notifications for every signal.
- No Martingale, Grid or Hedging: Pure price-action approach—safe for prop-firm rules.
- Lightweight & Fast: Optimized MQL4 code runs smoothly even on busy charts.
- User-Friendly Panel: Easy inputs with clear parameter descriptions.
Performance & Backtesting
In a 12-month backtest on EURUSD (H1), Strike Logic achieved:
- Win Rate: 62% of signals closed in profit.
- Average RR: 1.8:1 (risk:reward).
- Max Drawdown: 4.2% of equity.
- Net Profit: +18.5% on a $10,000 demo account.
Live-market forward tests on GBPUSD (M30) over six months mirrored these results, confirming the filter’s robustness. You’ll find the equity curve smooth, with drawdowns shallow—ideal for swing traders seeking consistency.
How to Read Strike Logic Signals
- Green Zone Breakouts
- Price closes above a swing high for ‘N’ bars.
- Look for trend alignment (e.g., above a moving average).
- Enter on bar close or pullback to the breakout zone.
2. Red Zone Breakdowns
- Price closes below a swing low for ‘N’ bars.
- Confirm down-trend bias (e.g., lower highs).
- Short on close or retest of the flagged zone.
Stop-Loss: Place just inside the swing level.
Take-Profit: Use a multiple of your ATR or target the next key swing zone.
Installation & Configuration
- Download the
StrikeLogic_v1.30.ex4file. - Copy it into your MT4’s
MQL4/Indicatorsfolder. - Restart MetaTrader 4 or hit “Refresh” in the Navigator panel.
- Attach the indicator to any chart (right-click → Indicators List).
- Set Parameters:
- SwingBars: Number of bars for swing detection (default: 5).
- VolatilityMultiplier: Filter strength (default: 1.5).
- AlertType: Choose pop-up, email, or push.
6. Save your template for future use.
Trading Strategies & Use Cases
- Trend-Following Swing Trades
Combine Strike Logic with a 200-period moving average. Only take green breakouts above MA and red breakdowns below MA. - Range-Break Scalps
On lower timeframes (M5), catch quick moves when volatility remains low. SmallerSwingBarscan speed up signals. - Prop-Firm Compliance
No martingale or grid means you stay within FTMO and MFF guidelines. Ideal for funded account challenges.
Why Choose Strike Logic Indicator
• Simplicity Meets Power: No complex multi-indicator clutter—just price action and volatility.
• Backed by Data: Proven in backtests and live markets across major pairs.
• Prop-Firm Friendly: Clear money management with fixed stops and targets.
• Regular Updates: Version 1.30 brings optimized code and faster alerts.
Conclusion
Strike Logic Indicator V1.30 MT4 brings clarity to swing trading. By combining adaptive volatility filtering with robust breakout logic, it delivers signals you can trust. Whether you’re a retail trader, prop-firm applicant, or long-term swing enthusiast, this tool can sharpen your edge.
