is there an ea for this ?
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Is there a programmer interested to make an ea for 50 pips candle system? 0 replies
DislikedI didn't try it on GBP/JPY. Maybe it works. But we need big movements or adjust de tp or sl (you're right)Ignored
DislikedI put together a quick MT4 indicator which will draw the 50 pip candles on a chart. There is a single parameter, CandleSize, which defines the movement size in pips for each "candle," defaulted to 50 pips.Ignored
DislikedI put together a quick MT4 indicator which will draw the 50 pip candles on a chart. There is a single parameter, CandleSize, which defines the movement size in pips for each "candle," defaulted to 50 pips.
It uses the week's opening bar as the initial price. For the week's opening candle, it uses the first candle at 12:00am Monday. For FXDD, this is the first candle of a given week, but you may need to adjust it per your broker's time zone.
http://imgur.com/yYdOn.pngIgnored
DislikedHi, i tried ur indicator but mine looks different from yours. I am using IBFX. Thanks... please see attached.Ignored
DislikedI have started this month at 1,6350 and this week, my first candle was from 1,6650 to 1,6700. All the candles start at a price which is multiple of 50 (round prices = big levels).
To draw the candles, the TF may be important : if TF = 30 min or 15 min, you can have several 50 pips movements up and down in 1 candle that you can't see (especially during the news). My next order is always placed, so it is activated if the price is touched.
Sometimes during the news, i change the TF to 1 min to see all the movements.Ignored
Dislikedhi thanks for all replyes .....i just need to know how to draw the 50 pips in the meta trader 4 , and the price that i need to start taking the 50 pip then??????
u started on the 1.6350 this month ok , and this week u strated with 1.6650(i mean ur first candel)....so how i need to know when to start ???
thanks and dont forget me in how to draw the 50 pip chart in the metar trader platform....
have a nice day , fadi safieh.http://cdn.forexfactory.com/images/icons/icon14.gifIgnored