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MT4 navigational tips and techniques

  • #321
  • Edited 9:44am Feb 27, 2011 9:04am | Edited 9:44am
Theres only one way to do it easily, well may be not so easy, You have to create an indicator that, say, places a trend line at the top (or bottom side) of your price chart say in a horizontal or vertical position. when you want to draw a line grab the one at the edge of your chart screen and place it were you want it. Your code should replace the missing trend line when it sees it missing, just remember to have your code name each trend line differently as it keeps adding new ones. You have to make sure that they are in view by moving then if the price chart rescales itself as price moves higher or lower.

Keit

I use four different colours depending on the price cycle it depicks.
edit[guess I should clear the dust of my monitor before takeing screen shots, may be the colors will come out better]

edit[or do something creative]

Quoting 786 trading
When we select a chart or open new chart, the 'Cursor' is by default selected.
Is there any way that we can set 'trend line' by default?
Or if click on chart or double click and it gives 'Trend line' as selected.

Most of the time I am drawing lines on chart to see swing low/hight targets etc.
So it would be nice if I get selected Trend line by default.

Thanks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trend lines.jpg Size: 41 KB
Click to Enlarge Name: Also you can do something creative.jpg Size: 28 KB
Trader Keit ... Methods Of A Dirt Road Mad Man....
  • #322
  • Feb 27, 2011 9:12am Feb 27, 2011 9:12am
How does MT check to see if you changed it? Or are MT globals nothing more then DOS Environmental Variable? How is the port changed by useing an MT global I see no connection here.

Keit




Quoting CandleForex
Here is another tip:

Imagine a situation where the ports used by MetaTrader 4 are blocked by a firewall you cannot configure (or dont know how).

To fix that issue you can force metatrader to change the port number it uses by defining the new port number to use with this:

Tools – Global Variables – write in Variables column NEWPORTNUMBER and in column value write the new port number 80.

It will end up like this (replace 80 with whatever port you know is open):

http://candleforex.com/wp-content/up...ort-number.jpg...
Trader Keit ... Methods Of A Dirt Road Mad Man....
  • #323
  • Feb 27, 2011 9:27am Feb 27, 2011 9:27am
Quoting CockeyedCowboy
How is the port changed by useing an MT global I see no connection here.
There is no connection, this must be a joke. The port number is dictated by the server at the broker and if you are not allowed to open an outgoing connection to this port then you cannot access it, plain and simple.

A proxy server or a vpn that operates on a non-blocked port might help to circumvent the firewall.

Don't do this at work, your boss might not be amused. The IT department most certainly won't find it funny if you subvert their security measures.
  • #324
  • Feb 27, 2011 9:46am Feb 27, 2011 9:46am
Yes I know, just having some fun its sunday



Quoting 7bit
There is no connection, this must be a joke. The port number is dictated by the server at the broker and if you are not allowed to open an outgoing connection to this port then you cannot access it, plain and simple.

A proxy server or a vpn that operates on a non-blocked port might help to circumvent the firewall.

Don't do this at work, your boss might not be amused. The IT department most certainly won't find it funny if you subvert their security measures.
Attached Image
Trader Keit ... Methods Of A Dirt Road Mad Man....
  • #325
  • Feb 27, 2011 12:59pm Feb 27, 2011 12:59pm
Quoting Merlyn
Hello Chaps,

When I first started using MT4 several years ago if I saved a new template I was able to find it in the XXXMetaTrader4/templates folder from where I could copy and paste it to other platforms, forums or whatever....

You didn't specify your OS but almost certainly you are using Vista or Win7, in which case your USER-created files are going into a special folder that is for your use only (as opposed to another user on your same machine).

Vista and Win7 changed the way files are found/created to tighten up the lax file security in XP. This was of course to fight virus/spyware infections, but it makes it rather confusing if you're unaware.

Navigate into the C:/Program Files (x86)/_your_MT4_/templates/ folder. Near the top of the Explorer window you should see something that says "Compatibility files" (or ???). Click on that, and it will navigate to your USER specific folder that should contain your custom template file.
On Win7, this is:
C:/Users/_yourusername_/AppData/Local/VirtualStore/Program Files (x86)/_your_MT4_/templates/

To completely AVOID the use of this VirtualStore folder, you could tell your MT4 "terminal.exe" file to run as Administrator.
In Win7, navigate into the MT4 folder, right-click on "terminal.exe", select "Properties", select "Compatibility" tab, then CHECK the box to "Run this program as an administrator".

Therefore, when you tell it to save a template file, when the process is being run as the Administrator, it already has the privilege to write into the templates folder into your C/.../MT4/templates/ folder.
Attached Image (click to enlarge)
Click to Enlarge Name: Templates Compatibility files.png Size: 28 KB
  • #326
  • Feb 27, 2011 1:14pm Feb 27, 2011 1:14pm
Quoting fairwind
Hi folks, great thread for MT4 users !

My problem is about saving the A/c history of trades made. I am in demo mode and have been saving my trades using the RH click on the recorded trades in MT4 terminal.

I have had success with this function for some time now, BUT, it has stopped working !!?? I cant see any way of fixing this without losing the history by re-installing.

Any clues guys/gals?? Tnx in advance...

All trades are stored on the brokers' SERVER, not your local machine. You can see all history trades for whatever is your active account. If you change accounts (such as when a demo account expires so you open a new one), then all the trades on the previous account will not be accessible. On occasion, some brokers reset the demo accounts which nullify all trades in the history, but this is rare, and this should never happen on a live account (AFAIK).

What you probably don't realize is what the account history displays can be controlled by the user, and you probably had a date-range which hid from you your previous trades.

In the Terminal window, in the Account History tab, right-click and you should see a menu which includes as the top choice "All History". Make that selection, and all of your trade history should appear.


On a related topic, you might want to export your trade history and/or you might want to display your trades on a chart. MT4 has some limited capabilities built-in, but you could also try a script I posted:
Improved OrderHistory mq4 script to display trade history on charts

With my script, you can export trades from multiple accounts/brokers, but then can import them all for display on a single MT4 session. The export files are also easily imported into Excel should you wish to do analysis there.
  • #327
  • Feb 27, 2011 1:17pm Feb 27, 2011 1:17pm
Quoting pips4life

Navigate into the C:/Program Files (x86)/_your_MT4_/templates/ folder. Near the top of the Explorer window you should see something that says "Compatibility files" (or ???). Click on that, and it will navigate to your USER specific folder that should contain your custom template file.
On Win7, this is:
C:/Users/_yourusername_/AppData/Local/VirtualStore/Program Files (x86)/_your_MT4_/templates/

.

Hello pips,

Absolutely spot on, brilliant, thanks ever so much that's saved me a ton of time making new templates
TTFN Merlyn
  • #328
  • Feb 27, 2011 1:45pm Feb 27, 2011 1:45pm
Quoting Merlyn
Hello pips,

Absolutely spot on, brilliant, thanks ever so much that's saved me a ton of time making new templates
No! The correct solution to the problem is not to run it as administrator but instead change the permissions of the entire metatrader folder so that the user has full read/write access.

Alternatively (preferred) when installing MetaTrader, don't accept the default of installing it into the program files folder but instead create some other folder in c: (or elsewhere) to install it. This will eliminate all these file permissions problems.
  • #329
  • Feb 27, 2011 6:23pm Feb 27, 2011 6:23pm
Quoting 7bit
No! The correct solution to the problem is not to run it as administrator but instead change the permissions of the entire metatrader folder so that the user has full read/write access.

Alternatively (preferred) when installing MetaTrader, don't accept the default of installing it into the program files folder but instead create some other folder in c: (or elsewhere) to install it. This will eliminate all these file permissions problems.
Ok, thanks for that.
TTFN Merlyn
  • #330
  • Feb 27, 2011 6:52pm Feb 27, 2011 6:52pm
Quoting 7bit
No! The correct solution to the problem is not to run it as administrator but instead change the permissions of the entire metatrader folder so that the user has full read/write access.

Alternatively (preferred) when installing MetaTrader, don't accept the default of installing it into the program files folder but instead create some other folder in c: (or elsewhere) to install it. This will eliminate all these file permissions problems.
After MT4 is installed initially, and the folders are existing, you don't need to re-install to move it somewhere else - you can just drag & drop it (copy) anywhere you want.

I know this for a fact (the copy part) because I have done it many times, even to a USB or external drive, in fact I have it running on one right now, plugged into the work computer and it was never "installed" on the USB.

Would that fix his problem also?
Canadian by birth Australian by choice
  • #331
  • Mar 9, 2011 2:53am Mar 9, 2011 2:53am
Hi guys..

how to make the short trend line?

in the "Tools", there is only "TOO long trend line function..."...

thanks in advance..
  • #332
  • Mar 9, 2011 6:34am Mar 9, 2011 6:34am
........ have a look at the properties of the trendline.....
Attached Image (click to enlarge)
Click to Enlarge Name: trendline ray.png Size: 65 KB
Canadian by birth Australian by choice
  • #333
  • Mar 10, 2011 1:20am Mar 10, 2011 1:20am
Thank you for your quick answer.. now I got that "short" line...
  • #334
  • Mar 17, 2011 4:49am Mar 17, 2011 4:49am
What is the difference between absolute and relative loss in MT4 tester?
  • #335
  • Mar 17, 2011 10:59pm Mar 17, 2011 10:59pm
Quoting josef
What is the difference between absolute and relative loss in MT4 tester?
Hi Josef,

I don't use MT4's tester, but hopefully these links will help you:
http://www.forexfactory.com/showthread.php?t=220409
http://articles.mql4.com/83

Or, if you can understand what the code is doing, here's your definitive answer:
http://articles.mql4.com/127

Good luck,
David
  • #336
  • Mar 18, 2011 2:20am Mar 18, 2011 2:20am
I believe a relative loss is:

The relative drawdown of account equity (bascially the largest loss in percents from the maximal value of your equity).

Absolute loss is the difference between the initial deposit and the biggest value of account loss when testing.



Quoting josef
What is the difference between absolute and relative loss in MT4 tester?
  • #337
  • Mar 21, 2011 12:47pm Mar 21, 2011 12:47pm
I am having no luck trying to attach SAR to MACD . Have followed steps on post 1 draging SAR onto MACD from navigator but can`t get it to work . Am I missing a setting somewhere or are there certain indi`s that won`t attch to another . BTW I am using the default mt4 indi`s not custom ones .
  • #338
  • Mar 21, 2011 1:04pm Mar 21, 2011 1:04pm
Quoting steel777
I am having no luck trying to attach SAR to MACD . Have followed steps on post 1 draging SAR onto MACD from navigator but can`t get it to work . Am I missing a setting somewhere or are there certain indi`s that won`t attch to another . BTW I am using the default mt4 indi`s not custom ones .
I guess you mean the Parabolic SAR ? My guess is that some indicators probably only work on direct price; the MACD is made of Moving Averages, perhaps it cannot read it properly....
Canadian by birth Australian by choice
  • #339
  • Edited 3:22pm Mar 21, 2011 1:17pm | Edited 3:22pm
Quoting TheSnowman
I guess you mean the Parabolic SAR ? My guess is that some indicators probably only work on direct price; the MACD is made of Moving Averages, perhaps it cannot read it properly....
yes parabolic sar ,

Just found the way --right click on indicator , then modify , change property indicator chart window to property indicator separate window then click on compile . Then you can drag it
  • #340
  • Mar 25, 2011 6:38am Mar 25, 2011 6:38am
Is there available any script for mt4 that shows me a colored notation on the chart for my indicators?

I attach an illustrative example:
http://img828.imageshack.us/f/snap1uw.jpg/
http://img828.imageshack.us/f/snap1uw.jpg/
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