2hr Time Frame?

Is it possible to set the periodicity/time frame of meta trader to 2hrs? I have been using this other software that shows me 2hr candles.

thanks.

Sure, you can have a chart of any timeframe, for example to produce a 2H chart as you want do the following:


1 - Open H1 chart.

2 - Attach to chart 'Period_converter.mq4' MQL4 file from 'Script' folder of 'Navigator' window.

3 - On 'Common' tab check 'Allow DLL imports' and clear 'Confirm DLL function calls' checkbox.

4 - On 'Inputs' properties tab please set 'ExtPeriodMultiplier' variable value to 2 (you'll get H1*2 = H2).

5 - Click OK.

6 - Open H2 chart in offline mode ('File – Open Offline'). H2 chart will be updated every 2 sec (by default) while the H1 chart with attached 'Period_converter' script is open.

Here is what it looks like:

http://img152.imageshack.us/img152/2991/gbpusdoe8.gif

Wow thanks akuma! I will check it out now! How do you like meta trader? I have just started using it and I think its fantastic!

No worries, in terms of Metatrader, by far the best charting package I have worked with, perhaps not the best trading package, but the power of the charts and the scripting behind it is second to none.

Hi akuma, the H2 chart is not updating .

By the way, can you import/export trendlines to other time frames?

thanks.

Trying to delete the chart as well and it will not delete. How can I start this over?

This is the most important step to ensure it updates, when you have your H2 chart open, make sure the Period_converter script is attached to a different H1 chart of the same currency, if you are not sure, just open another H1 chart, attach the script choosing the same number as you did when setting it up and you should get the following message:

http://img129.imageshack.us/img129/9481/popuphg2.gif

Select yes and you are good to go while that H1 chart remains open with the script attached. It is working for me currently as I write this.

I have tried this over and over and do not get that message! How do I attached a script? I just click on the period converter script in the navigator?

Should I click on the trade live option when in the common common tab?

thanks

yes that should be checked, also make sure you remove an existing script first by right clicking on the H1 chart and choosing "Remove Script" if it is available.

Does the experts button have to be on?

This unfortunately is not working. I have to manually refresh the charts. I have tried turning on and off the experts adviser's buttons etc but its not working. I will try and download period converter from the website.

Update: That did not work either. I downloaded the one from the website, then compiled it and still the H2 chart will not update. I guess I will have to email them about it.

Hey there akuma, I downloaded the mt4setup again last night and it didnt work. I went home and I am now at my computer again, on the next day. It all of a sudden starts to work. No clue .

thanks for the help!!

hey is there a better 2 hour time period for metatrader? This one makes my metatrader so slow :