Great 5M pullback system

Hi MoneyTrain,

Please give us a clue as to where to look for the Range Bar Charts for the Metatrader platform. Could not find useful ones.

Thanks

Hi

I found this post by deedeed, hope this helps.

Hi,

This is what I found in the 'instructions.txt' with the file attached at forex-tsd.

range_bars_wlas_v09.ex4
range bars converter for MetaTrader4 by wlas

Hello MT4 users!

Open a new chart
1) set timeframe to M1 (this chart must be left open at all times for your m2 chart to function)
2) drag the indicator into your chart
3) check the "Allow dll import" box
4) set the tick range (100 = 10 pips/ticks)
5) go to "file" -> "open offline"
6) select "symbol,M2" (example - EURUSD,M2)
7) opened graph is a tick range bar chart

Please, ignore times on the new graph, they are artifical.
If they are gaps on the market, range of that bar with the gap may be higher.

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Now the 7th point there says its a tick range bar....

Is it the same as "pip" range bar?

Cheers
D

s7reets

Very nice recommendation moneytrain, do you think you would be able to share some of the settings you find most useful, mainly the number of ticks (pips) that you set for each bar?

And any other suggestions; do you just follow the trade entry as per post #1 or have you incorporated other indicators?

Thanks, John

I've got my range set to 100, but some candles are 10 pips some are 15 and even 20 pips. Same on E/U and G/U. Any thoughts as to why?
PS: Moneytrain.....you said you're very successful with 4H chart but then said you use range charts. Can you explain you're strategy so we all can learn? Thx for your time and effort.

Really intresting does it also work with futures ?
fxfxfx

Hi all. just curious if anybody has been using this system since 2010, it'd be great to know if you guys improved it or stayed with the original idea?