Success!: using Metatrader to chart lots of things!

Because of my trading and job, etc. this has been a slow process.

Right now I have developed a tool that allows you to chart daily, weekly, and monthly stock data on Metatrader.

For now, the tool downloads EOD stock data from Yahoo! and creates Metatrader history files.

Simply open these files and you can use your Metatrader custom indicators, templates, etc. on the chart.

Attached is a daily chart of GOOG

Future plans:
1. Near realtime live feeds from Interactive Brokers for stocks, futures, forex, anything.

2. Perhaps other brokerages as well...


I am thinking of making a site and offering this...but I just want to gauge some interest. Who would like this?

Clam,

I believe certain brokers, like Northern Finance, uses the MT4 platform and has a bunch of blue chip stocks, as well as futures, commodities, and other metals. Am I missing something here?

so does alpari..on demo account

for people who want accurate price for good technical analysis there could be problems iwth using alpari and others

in alpari and others, the stocks they chart are CFDs and not shares of stock. so if you do not trade CFDs, you will be looking at different prices.

indices are also charted, but u cant trade an index, you can trade an ETF or future that mirrors the index...so the prices again will be different.

the same goes for metals. they chart their spot prices on metals. if you want to trade metal futures, these prices will be different

the final and most devastating aspect is that in alpari and others, only the bid price is charted and not the actual sale which really leads to an innacruate chart.

if you're technical analysis is not that strict and you dont care if your trend line is not the most accurate and everything is kind of loose and based upon a lot of personal bias and hope, buy and hold maybe it will turn type of style, then its not a problem. but if your technical analysis is based upon concrete data, and it is important to know the real high or low and you need to know if the real high or low has or has not been broken, charting only the bid price can be a problem


besides, lets say you want to track a stock that is not listed on alpari. you're toast

Sounds good. Can it download UK stocks from say the FTSE100 etc ?

I've been asked if MT4 could be used to chart stocks (obviously people like the platform) but had to answer no !

I would imagine there to be a decent amount of interest in the real time version, as there are only a very few chart packages that can do wht MT4 can do (such as importing custom indicators, EA's, etc !)

good luck

mp

how about from http://uk.finance.yahoo.com/ ?

Hi Clam

This is great to have EOD charts of futures, stocks,etc on MT4 downloadable from yahoo; is it possible at all to import the data from a live platform which is running alongside of MT4, if that was achieveable then I would have realtime futures charts on MT4 which is second to none.

yes howard, i believe this is possible

i believe interactive brokers will be the first that i will make available, but lets get some preliminary use from the EOD first..i still have to test things out, etc.

if you are interested in a short trial, PM me with your email address.

great job clam61 that will certain help stock/future traders. Been looking for something like this for a long time.
Just as a little note if you'll built a site for this tool, then offer it for free, and take money from ads. I couldn't find a place where I could download data direct for my trading station(aka metastock)

I'm interested where do I sign up?

btw, i dont think futures are available from yahoo.

if anyone knows of a place that has free historical futures data, let me know.

i have an idea..but its a bit more work than i like to do =)

I would be very interested in this, particularly the interactive brokers feed.

I would be willing to pay a reasonable fee for the service.

Just came across this thread, sounds like a great idea.

I was just looking for a stock chart using MT4 and found this thread. All the other ones I've looked at (etrade, optionsxpress, yahoo, etc.) just don't cut it after working with MT4. EOD historical would be fine. Using IB w/ a demo feed would be fine too, but not necessary for what I'm doing. Looking forward to seeing what comes of this.

I'm interested too.

And if it connects to interactive brokers api too, to place orders to them?
That will be great.

IB quotes (realtime) in MT4 would be really great!!

great + 1 (but concentrate on first one)

I have been searching for this ever since i found metatrader.. but open what files? I didnt see any links on the original post.

Great work clam! I would definitely be interested in such a tool. Please keep us informed.

+2 here , Clam i hope you can keep us posted on youre progress.