Spread Chart Creator EA | Forex Factory

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Spread Chart Creator EA

  • #1
  • First Post: Edited Apr 20, 2020 9:19pm Feb 26, 2015 10:07am | Edited Apr 20, 2020 9:19pm
The Spread Chart Creator EA that I'm sharing with you, creates charts of selected assets in which each bar/candle represents Bid and Ask price. I use such charts for spotting when spread widens (specially before news releases) and how the market reacts to the patterns of spread charts.

Bid price is always the low price in a bar/candle.
Ask price is always the high price in a bar/candle.

Thread Rules:
1. In this thread we only discuss Spread Chart Ceator EA presented here. I will IGNORE anyone write any irrelevant post here.
2. No commercial link/product is allowed to be mentioned directly or indirectly in any post.
3. TBD.

How to run it:
1. Download MathTrader7_SCCreator.ex4 from the attachments and copy it into your Experts folder.
2. Enable Allow DLL import in Tools>Options>Expert Advisors tab.
3. Refresh your MT4 platform's navigator window (or restart MT4).
4. Open a M1 chart (e.g., EURUSD, M1) and attach the EA to the chart.
5. Wait for the first tick to arrive.
6. From File menu, select Open Offline and choose EURUSD, M4 chart.
7. In order to enable trading on an offline chart, you have to uncheck the Offline chart option in the Common tab of the chart properties.

--- Update 2015-05-21 ---
Version 1.11 released. In this version there is no need to uncheck "Offline chart"option of the spread chart in order to enable EAs to work.
Attached Image (click to enlarge)
Click to Enlarge Name: spread_chart.png Size: 34 KB
Attached File(s)
File Type: tpl SpreadChartBlack.tpl   < 1 KB | 1,038 downloads | Uploaded May 21, 2015 3:28am
File Type: ex4 MathTrader7_SpreadChartCreatorEA.ex4   107 KB | 1,308 downloads | Uploaded Dec 8, 2015 2:46am
Trading is the hardest way to make easy money...
  • #2
  • Edited 4:38am May 21, 2015 3:29am | Edited 4:38am
Version 1.10 released. In this version the user can see a similar chart to that of "Tick Chart" provided by the MetaTrader 4 platform.
Trading is the hardest way to make easy money...
  • #3
  • May 21, 2015 5:37am May 21, 2015 5:37am
Spread and Tick Charts from one minute before and two minutes after the Unemployment Claims news (2015-05-21):
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TickChart.png Size: 29 KB
Click to Enlarge Name: SpreadChart.png Size: 41 KB
Trading is the hardest way to make easy money...
  • #4
  • May 27, 2015 7:53pm May 27, 2015 7:53pm
Quoting MathTrader7
Spread and Tick Charts from one minute before and two minutes after the Unemployment Claims news (2015-05-21): {image} {image}
hi mathtrader
thanks for the EA, i am trying strategies on tick charts. the thing is when i close the terminal, all history generated ticks are gone
can this EA store historical data? or can historical data be imported please?

regards
patience is a virtue
  • #5
  • May 30, 2015 12:20pm May 30, 2015 12:20pm
Quoting MathTrader7
The Spread Chart Creator EA that I'm sharing with you, creates charts of selected assets in which each bar/candle represents Bid and Ask price. I use such charts for spotting when spread widens (specially before news releases) and how the market reacts to the patterns of spread charts. Bid price is always the low price in a bar/candle. Ask price is always the high price in a bar/candle. How to run it: 1. Download MathTrader7_SCCreator.ex4 from the attachments and copy it into your Experts folder. 2. Enable Allow DLL import in Tools>Options>Expert...
Hi mathatrader7
1- number 4 whats the EA
2 -number 6 EURUSD offline chart not M4 .EURUSD offline chart is M1;M5;M15......monthly
3- what download MathTrader7_SCCreator
4 - where use MathTrader7_SCCreator
  • #6
  • Dec 8, 2015 2:48am Dec 8, 2015 2:48am
Version 1.11 released. In this version there is no need to uncheck "Offline chart"option of the spread chart in order to enable EAs to work. I updated Post 1.
Trading is the hardest way to make easy money...
  • #7
  • Jan 14, 2016 3:52am Jan 14, 2016 3:52am
can you make EA for autotrade from the tickchart.. i have an idea..
  • #8
  • May 5, 2016 1:31pm May 5, 2016 1:31pm
Thank you very much Mathtrader!!! I've been looking everywhere for forex spread charts that aren't ridiculously expensive. Tell me, is it possible to have the spread chart with only 1 line? What I mean by that is using the base pair and calculating which one is out performing the other but still only using a single line?

So: - line goes down, base pair under performing in the pair, take long trade on second pair
- line goes up, base pair over performing against its counter part, take short trade on second pair.

Also it's important to say here, must use the slower, less volatile pair as the base pair, so that you have more opportunities on the faster, more volatile pair.
  • #9
  • Jan 24, 2017 10:39am Jan 24, 2017 10:39am
Quoting f3n_dy
can you make EA for autotrade from the tickchart.. i have an idea..
PM me your idea.
Trading is the hardest way to make easy money...
  • #11
  • Last Post: Apr 20, 2020 9:15pm Apr 20, 2020 9:15pm
Quoting 90patrick
MathTrader7 I am glad that you are here because you have a lot of experience. I wrote Renko's strategy (to generate renko Im using ovo.cz) which opens a position on each new candle. On the tester, the efficiency comes out 80% but on demo/live ea is loses in the long time. When comparing inputs, places on the chart differ - I think it's the fault of the spread. The average of spread on the real/demo market (icmarkets) is about 2points. In the tester I used 25 points to have a supply, but there is something wrong between the tester and demo/real market....
See thread rules in Post 1.
Trading is the hardest way to make easy money...
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