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MT4 navigational tips and techniques

  • #61
  • May 27, 2009 11:30am May 27, 2009 11:30am
Quoting antomi
Hi to all,
hopefully some one can help me.

In the last line of the terminal some information are given concerning the account, Balance, Equity and also the Margin (see attached image).
My question is now, how the Margin value (that is shown) is calculated.

I treid to find it out by myself but failed.
If someone could help me with that I would greatly appreciate.

Thanks and best regards

Antomi
See section on 'Leverage and margin' in this post.
  • #62
  • May 29, 2009 11:18pm May 29, 2009 11:18pm
Is there any way to adjust MT4 price scale to a desired interval, or at least to rounded up prices ?

Thank you.
  • #63
  • May 30, 2009 1:16am May 30, 2009 1:16am
Quoting fxdoc
Is there any way to adjust MT4 price scale to a desired interval, or at least to rounded up prices ?

Thank you.
To the best of my knowledge, it's not possible to set the grid (which is toggled on/off with Ctrl-G) specifically to round number price levels. You could try rescaling the prices at which the grid lines are drawn by adjusting the vertical zoom (drag the mouse with left button held down, up/down in the vertical axis at the right of the window). You could also experiment with the Scale Fix parameters (press F8 and select the Common tab to access them). See the on-line help for more info on these.

Perhaps the simplest way to have horizontal lines drawn at predetermined levels is to write an indicator or script to plot the lines.
  • #64
  • May 30, 2009 5:23pm May 30, 2009 5:23pm
Quoting hanover
To the best of my knowledge, it's not possible to set the grid (which is toggled on/off with Ctrl-G) specifically to round number price levels. You could try rescaling the prices at which the grid lines are drawn by adjusting the vertical zoom (drag the mouse with left button held down, up/down in the vertical axis at the right of the window). You could also experiment with the Scale Fix parameters (press F8 and select the Common tab to access them). See the on-line help for more info on these.

Perhaps the simplest way to have horizontal lines...
It's called sweetspots gold and is posted on FF.
  • #65
  • Jun 11, 2009 2:00am Jun 11, 2009 2:00am
Is there anyway in MT to have a column in my trade tab or any other way to know what is my max drawdown during the course of a trade? This means that even if i close my trades with a +, i want to know what was the max drawdrown during the course of the trade.

The thing is that i'm not just running one pair otherwise i could just look at the charts and see the high and low. I am opening 7 or 8 pairs at the same time and closing them at the same time so im wondering what is the max drawdown during the course that the trade is open.

Thanks
  • #66
  • Jun 11, 2009 1:46pm Jun 11, 2009 1:46pm
Quoting Erica123
Is there anyway in MT to have a column in my trade tab or any other way to know what is my max drawdown during the course of a trade? This means that even if i close my trades with a +, i want to know what was the max drawdrown during the course of the trade.

The thing is that i'm not just running one pair otherwise i could just look at the charts and see the high and low. I am opening 7 or 8 pairs at the same time and closing them at the same time so im wondering what is the max drawdown during the course that the trade is open.

Thanks
This is possible but will probably require a custom indicaor. I haven't looked to see if one is out there already but you could always do a search for programmers and get what you need written.

Good luck,

dgrs
  • #67
  • Jul 11, 2009 11:01pm Jul 11, 2009 11:01pm
Thanks so much for this thread and your tips. It has helped me a lot in increasing my productivity on MT4.
  • #68
  • Edited 2:58pm Jul 17, 2009 1:24pm | Edited 2:58pm
I just attempted to edit post #1, to add more info to it. When I click either the "Preview Post" or "Submit Reply" button, I get the following error message, even if I leave the post completely unchanged:

"You have included 6 images in your message. You are limited to using 5 images so please go back and correct the problem and then continue again.

Images include use of smilies, the BB code [img] tag and HTML <img> tags. The use of these is all subject to them being enabled by the administrator."

There are no images, smilies, [img] tags or HTML <img> tags in the entire post.

Does anybody know of a way around this?

[EDIT] I finally solved the problem. Copied the post to a text document, and then reloaded it in pieces, incrementally, back into the original post, and then saved the post at each step. Weird.
  • #69
  • Jul 18, 2009 1:08pm Jul 18, 2009 1:08pm
Can we develop a indicator/expert that block some area in the chart...and we press F12 and the bars will gradually appear in the middle of the chart...it is useful to back-test systems, we could draw trend line, support and resistance .... and to analyze the indicators below the chart with more precision, because in the live trades the bars appear like this. Then we can go to the past and decide if we would take a trade without seeing the future .... I know that there is a tool in MT4 the "F12" but is in the end of the chart.

I want a chart like this. Could you help me?

http://img187.imageshack.us/img187/4439/teste2.png
  • #70
  • Jul 18, 2009 7:31pm Jul 18, 2009 7:31pm
Quoting Suba
Can we develop a indicator/expert that block some area in the chart...
Have you tried using trading simulators like vHands and Trade Simulator?
  • #71
  • Jul 19, 2009 11:27pm Jul 19, 2009 11:27pm
Quoting hanover
Have you tried using trading simulators like vHands and Trade Simulator?
I will try it!


Thank´s Hanover
  • #72
  • Jul 22, 2009 11:29am Jul 22, 2009 11:29am
Hi,

Is it possible in MT4 to save ONLY chart annotations (trend lines/shapes/text) and load it into another chart?

I'm trading several time frames but would like to change S/R levels etc. only in one chart and copy it to the other TFs.

Like chart "cloning".

thanks

tdeu
  • #73
  • Jul 22, 2009 3:12pm Jul 22, 2009 3:12pm
Quoting tdeu
Hi,

Is it possible in MT4 to save ONLY chart annotations (trend lines/shapes/text) and load it into another chart?

I'm trading several time frames but would like to change S/R levels etc. only in one chart and copy it to the other TFs.

Like chart "cloning".

thanks

tdeu
The simple answer is:
1. Strip your chart of all indicators and objects, until only those objects you require remain.
2. Save as a template.
3. Load another chart, and apply the template to another chart.

However, it's not necessarily as simple as that, because MT4 handles indicators and objects differently.

Objects:
If you manually attach an object (trendline, geometric shape, arrow, text annotation, etc) to a chart, the price/time co-ordinates are recorded as properties of the object. Let's say you draw a box on a GBPUSD chart where price is ~ 1.6400. The you save as a template and apply to a CADJPY chart. The box appears to be missing. But if you press Ctrl-B to get a list of objects, the box is in the list. The problem is that it is being drawn at price 1.6400, while CADJPY's price is currently miles away, at approx 85.00

Indicators:
An indicator is capaable of applying an object at a variable price/time. For example, the piece of code:
ObjectCreate("x",OBJ_TREND,0,Time[5],Low[5],Time[0],Low[0]);
will draw a trendline thru the lows of the 5th most recent candle, and the current candle. If I apply this indicator to a price chart, then perform steps 1 thru 3 above, the trendline will again be drawn thru the lows of the 5th most recent candle, and the current candle, on the new chart. That's because the indicator is being saved in the template, as opposed to the object that it's creating.

So if you want to "clone" trendlines, S/R levels, etc, you'd need to find an indicator that calculates/draws them according to a formula that meets your requirement of where/how they should be drawn (since there are many diferent ways of drawing trendlines). Then it's the indicator formula that is saved in the template, and is applied to each new chart.

Hope this makes sense.

_____________________

[EDIT]

Sorry, perhaps I misunderstood. If it's only timeframes that you want to change (as opposed to the currency pair), then simply changing the chart timeframe should leave all objects at the same price/time levels (co-ordinates) as they were on the previous timeframe.

However, if you have several versions of the same pair (but different timeframes) in your workspace, then applying steps 1 thru 3 above should "clone" the objects. However, this would also mean that whenever you add/modify/delete any objects, you would need to repeat steps 1 thru 3, i.e. re-save the template, and then re-apply it to each one of the other charts.
  • #74
  • Jul 27, 2009 12:39pm Jul 27, 2009 12:39pm
Hanover, many thanks for your suggestions.

The reason for cloning a chart and use it with different TFs is - I trade 15min and look at 1hr and 4hr TF for S/R. My problem is I use different indicators with 15min and the other two TFs.

Is it possible to clone only the trend lines and FIBs from one chart, load them into another one and add a set of indicators to that.

Thanks

tdeu


Quoting hanover
The simple answer is:
1. Strip your chart of all indicators and objects, until only those objects you require remain.
2. Save as a template.
3. Load another chart, and apply the template to another chart.

However, it's not necessarily as simple as that, because MT4 handles indicators and objects differently.

Objects:
If you manually attach an object (trendline, geometric shape, arrow, text annotation, etc) to a chart, the price/time co-ordinates are recorded as properties of the object. Let's say you draw a box on a GBPUSD...
  • #75
  • Jul 27, 2009 2:35pm Jul 27, 2009 2:35pm
Quoting tdeu
Hanover, many thanks for your suggestions.

The reason for cloning a chart and use it with different TFs is - I trade 15min and look at 1hr and 4hr TF for S/R. My problem is I use different indicators with 15min and the other two TFs.

Is it possible to clone only the trend lines and FIBs from one chart, load them into another one and add a set of indicators to that.

Thanks

tdeu
As far as I know, it's not possible, at least beyond what I described in my previous post. A template saves (and then reapplies) all objects and indicators that are present at the time it is saved.
  • #76
  • Jul 28, 2009 6:03pm Jul 28, 2009 6:03pm
Hi Hanover, Very nice thread and work you have here.

If you don't mind me interjecting for a moment here.

I believe what Tdeu is trying to do is the following.
Have "xyz" indicator on fifteen min chart time. Then switch to hour chart time and add "abc" indicator on top of the "xyz" indicator, then switch to day chart time and add "fgh" indicator on top of the other two.

He would then like the indicators to only show on their respective time frame charts.
15 min=xyz
1hour=xyz+abc
day=xyz+abc+fgh
so he doesn't want the fgh day indicator to show on the lower 15min chart.

Now you can code an indicator time frames to read only the chart time you want, but when you apply it, it is still going to show on the lower charts. He wants to get around that issue I believe.

So my suggestion would be to make a template as You said for each time frame and then bring up three chatrs and apply each individual template..easy enough to do, but then you have to look at three seperate charts on the screen. Probably not what he wants to do.

My question then is would it be possible for him to do this through some form of scripting program?

My programming knowledge is writing and changing indicators, very limited in the scripting area...actually NIL....

Happy Trading
Tom
  • #77
  • Jul 28, 2009 11:05pm Jul 28, 2009 11:05pm
Quoting twj1usa
He would then like the indicators to only show on their respective time frame charts.
15 min=xyz
1hour=xyz+abc
day=xyz+abc+fgh
so he doesn't want the fgh day indicator to show on the lower 15min chart.

Now you can code an indicator time frames to read only the chart time you want, but when you apply it, it is still going to show on the lower charts. He wants to get around that issue I believe.
Sorry if this is stating the obvious, but you can use the 'Visualization' tab settings to control which timeframes an indicator is displayed on.
  • #78
  • Sep 8, 2009 12:14pm Sep 8, 2009 12:14pm
Great post hanover.

I wanted to know - is there any keyboard shortcut for changing the timeframes on the chart? Like I press ctrl+5 to go to the 5 minute chart, or ctrl+1 to make it go to the 1 minute chart?

Or maybe a script that would allow me to have these shortcuts?

Thanks!
Scalp
  • #79
  • Edited 10:25am Sep 9, 2009 9:37am | Edited 10:25am
Great thread!

Does anyone know a script etc that will display your current template name on the chart etc?
  • #80
  • Sep 9, 2009 9:46am Sep 9, 2009 9:46am
Quoting Scalpaholic
I wanted to know - is there any keyboard shortcut for changing the timeframes on the chart? Like I press ctrl+5 to go to the 5 minute chart, or ctrl+1 to make it go to the 1 minute chart?
Not exactly a shortcut though!
Say you are on hourly chart

- Press Enter
- Type M5
- Press enter again

Chart will shift over to 1min chart.
Similarly Type M5 for 5min or H1 for hourly .etcetra!
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