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MT4 vs. Me (and i am losing)

  • #1
  • First Post: Oct 2, 2006 12:03pm Oct 2, 2006 12:03pm
Hi all,

I only recently started using MT4 and when it comes to computers my knowledge is very limited. I am having difficulty compiling indicators.

The story so far

I have downloaded numerous indicators and extracted the files. When i double click on one of the indicators it automatically opens metaeditor and the code appears in the editor window. Then i click compile. In the toolbox window " Compiling 'xxxx.mq4'" appears. So far so good but this is where i am stuck. This message stays in the toolbox indefinitely.

Now from what i have gathered on this forum i should be able to go back into MT4 and go into custom indicators and the recently added indicator should be there and ready to be applied, but this is not the case.

How long does it take to compile? What am i doing wrong? I would appreciate any help with this problem as it is causing me sooooooo much frustration. My head hurts.....real bad.

Computers and i dont get along but i want to change this.

Jon
"Your health is your wealth"
  • #2
  • Oct 2, 2006 12:19pm Oct 2, 2006 12:19pm
LOL

sorry i cant help with the problem, just want to say this is one of the funniest thread titles ive seen since eastmaels was around
Relax and be happy.
  • #3
  • Oct 2, 2006 12:26pm Oct 2, 2006 12:26pm
Quoting joncon
Hi all,

I only recently started using MT4 and when it comes to computers my knowledge is very limited. I am having difficulty compiling indicators.

The story so far

I have downloaded numerous indicators and extracted the files. When i double click on one of the indicators it automatically opens metaeditor and the code appears in the editor window. Then i click compile. In the toolbox window " Compiling 'xxxx.mq4'" appears. So far so good but this is where i am stuck. This message stays in the toolbox indefinitely.

Now from what i have gathered on this forum i should be able to go back into MT4 and go into custom indicators and the recently added indicator should be there and ready to be applied, but this is not the case.

How long does it take to compile? What am i doing wrong? I would appreciate any help with this problem as it is causing me sooooooo much frustration. My head hurts.....real bad.

Computers and i dont get along but i want to change this.

Jon
Don't double click, drag and drop the indicator on to the chart. From there I think you have the option of putting it on the main chart or in a window below the chart, depending on the indicator.

Rusty
  • #4
  • Oct 2, 2006 4:24pm Oct 2, 2006 4:24pm
Ok there are several questions in there, so I will try to answer the ones I recognize. (Let me know if I missed anything)

First, when compiling, there is no confirmation message saying "Compiling complete" or something like that. When compiling is done, it will say "0 error(s), 0 warning(s)". That is all! Compiling is done at that point.

Secondly, if you see an indicator on the internet and would like to download it, here is what you do.
1. Download the indicator (I think you have this part down )
2. Right Click on the indicator once it's downloaded, and select "Cut"
3. Then Click on my computer, and go to the Metatrader folder. For me, this is C:\Program Files\MetaTrader 4
4. Then you need to click on the "experts" folder.
NOW, if you have an "Expert", or EA, paste it here. However, if you have an "Indicator", click on the "indicators" folder, and paste it there.
5. Now restart Metatrader if you have it open, and the indicator should be listed underneath "Custom Indicators" in the "Navigator" window.
6. Now to see the indicator, you should be able to just open a chart and click on that indicator, select "Ok" in the dialog box, and it should pop up.

Let me know if that doesn't solve your problems,
andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #5
  • Oct 2, 2006 9:39pm Oct 2, 2006 9:39pm
Quoting joncon
Hi all,

I only recently started using MT4 and when it comes to computers my knowledge is very limited. I am having difficulty compiling indicators.

The story so far

I have downloaded numerous indicators and extracted the files. When i double click on one of the indicators it automatically opens metaeditor and the code appears in the editor window. Then i click compile. In the toolbox window " Compiling 'xxxx.mq4'" appears. So far so good but this is where i am stuck. This message stays in the toolbox indefinitely.

Now from what i have gathered on this forum i should be able to go back into MT4 and go into custom indicators and the recently added indicator should be there and ready to be applied, but this is not the case.

How long does it take to compile? What am i doing wrong? I would appreciate any help with this problem as it is causing me sooooooo much frustration. My head hurts.....real bad.

Computers and i dont get along but i want to change this.

Jon
The other thing is, you don't actually need to compile indicators to use them. Metatrader has an in-built translator and will read and execute uncompiled script. On the indicators I've tried there was no noticable difference in performance but of course with extremely complex indicators or extremely slow machines (like that good old 386) uncompiled indicators might run slower than compiled ones.
"The market will rally from this or lower levels"
  • #6
  • Oct 3, 2006 6:17am Oct 3, 2006 6:17am
At last i can use custom indicators. Thanks so much andersenws ,and to everyone else who replied, for taking the time to guide me. It has been a thorn in my side for too long.

The battle has been won but the war is not over!

Jon
"Your health is your wealth"
  • #7
  • Oct 8, 2006 10:24am Oct 8, 2006 10:24am
This question might well have been answered already on this forum but it is so vast that i havent found it yet.
I have a micro account with FXSOL and I use MT4 for charts. I just changed to FXSOL and as far as I am aware it doesnt support MT4. There is a 10 pip difference in the some of the live prices and I dont like it! Does anyone know of a MT4 demo that has live prices closer to that of my broker? Or if there is anyway to solve this problem such as changing the data feed?

While I am here I have a few more questions that I am hoping someone might be able to help me with:

Is the live price displayed in MT4 the buy or sell price or what??
I have MT4 on my pc and laptop so is there anyway I can transfer data(eg updated charts) between them?

I would appreciate any help with these questions. I know so little about MT4 and I am sure there will be many more questions to come.

Jon
"Your health is your wealth"
  • #8
  • Oct 8, 2006 10:30am Oct 8, 2006 10:30am
I just noticed that the word "broker" is a link. Just so everyone knows I dont know how the hell this happened and I am not trying to promote or recommend it.

Jon
"Your health is your wealth"
  • #9
  • Oct 8, 2006 10:45am Oct 8, 2006 10:45am
Quoting joncon
This question might well have been answered already on this forum but it is so vast that i havent found it yet.
I have a micro account with FXSOL and I use MT4 for charts. I just changed to FXSOL and as far as I am aware it doesnt support MT4. There is a 10 pip difference in the some of the live prices and I dont like it! Does anyone know of a MT4 demo that has live prices closer to that of my broker? Or if there is anyway to solve this problem such as changing the data feed?

While I am here I have a few more questions that I am hoping someone might be able to help me with:

Is the live price displayed in MT4 the buy or sell price or what??
I have MT4 on my pc and laptop so is there anyway I can transfer data(eg updated charts) between them?

I would appreciate any help with these questions. I know so little about MT4 and I am sure there will be many more questions to come.

Jon
Jon,

I use Alpari and InterbankFx for my demo accounts. I don't know about price differences; never worried me because I trade on 4H charts anyway. But I think Interbank's quotes are pretty accurate and comparable to those across the board. There's a thread in the "metatrader" forum with a list of different demo servers and instructions on how to use more than one demo at the same time:

http://www.forexfactory.com/forexfor...ead.php?t=5293

Live price in MT4 is the bid price. You can right click on your chart, select "properties", then "common" and click on "show ask line" and it'll display both prices then as 2 different lines.

I don't know about saving charts. Maybe someone else has an idea. But they ARE kept by MT4 somehow. Have you tried just copying various folders from the program files\metatrader4 folder and seeing what happens? LOL. Better wait for someone else to answer this one before you try such a huge task

Now my turn.....What's the minimum deposit for a micro account with FXSOL? I'm looking for a new live broker to add to my small collection and I've heard good things about this one. But I don't wanna pump big money into a new broker straight away.

L
"The market will rally from this or lower levels"
  • #10
  • Last Post: Edited 1:07pm Oct 9, 2006 11:50am | Edited 1:07pm
Lightkeeper,

Great link. I am trying IBFX and it is closer to the price I get from FXSOL. Still a few pips out but I can handle that. I just like to be precise when entering SL, TP etc. I think that I might be a perfectionist in some aspects of life ie. anything that involves making or losing money!

I suspected the price displayed was the bid price but with such a massive difference in price I questioned it.

FXSOL have a minimum deposit of $250 I think. I only started using them a couple of weeks ago. So far so good. After reading Fiji's Money management section I decided it was wise to use a broker that offered micro accounts. If you have any specific questions about FXSOL I have no problem answering them by PM as I dont have 50 posts yet.

Thanks for helping me out this time and the time before.

Jon.
"Your health is your wealth"
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