Time frame Mt4

Hello all...

I was wondering if in MT4 is possible to have a H6 or H8 timeframe?

I think I heard it was possible to manipulate the candles in some way that would accomodate certain time frames?

I would be very much interested if it's possible to have 6H or 8H charts... thanks

You can create an offline chart with an indi called PeriodConverterOpt (the newer version, somewhere on this forum or tsd). Indicators run ok on offline charts, but EAs have trouble.
Just place it on a 1-minute chart and set the multiplier to 360.

Thanks for the answer so i I understand correctly, it's an offline chart based on 1-min ... so for example manual trades should be fine correct? Imagine I trade only at close of the candles... 1-min charts *60 * 8 if I wanted to trade the 8H charts... so every 8 hours i could come check the candles and then take action if needed based on my indicators...

i will try to search it and make it work, if i have any other doubts "I'll be back" thanks

Try this. The Renko folks have found a way to make offline charts work better. See the latest version of the renko ea (v3.2 or later) for a mod that might make this one work better. But for manual trading it should be fine. These keep updating in real-time (or are supposed to, but I have seen times when they stop). So keep an eye on them. 1-min * ?for whatever you want, or 4-hour * 2 for 8 hr. Also note that the free version of Ninja Trader does this without all the hassle and there is free data feed from Gain for fx.

thank you very much kenz... i will try it out. I don't need real "live" situations since I only act on the close of candles, so as long it can do that it would be a terrific solution.

Again thank you

I don't know if it's too much to ask but I already attached the indi to the chart... nothing happens though... what should I do ? i can't seem to know what i'm doing here... thanks

I think I've done it:

http://codebase.mql4.com/276

very nice. Do candles on offline charts close at same time periods as normal charts from my broker? So imagine the 4H charts usually close at 3-7-11 periods should the 6H be 3-9-3-9 ?

Thank you very much this will improve my trading by a lot

by the way, are you familiar with any bugs of this? what is likely to go wrong etc? So just I know what yo expect that can go wrong...

thanks