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MT4 navigational tips and techniques

  • #401
  • Jul 15, 2011 8:43pm Jul 15, 2011 8:43pm
Thanks David,
I have noticed that the following link is not working
http://www.xeatrade.com/trading/11.html

Deb
  • #402
  • Jul 16, 2011 5:56am Jul 16, 2011 5:56am
Hi i am new to programming in MT5,but not to programming so i guess that doesnot make me a total newbie. The point in question is i have a csv file like what you see below and i want to draw horizontal lines on the charts (doesnot matter what time frame i opened) depending on the cross in the top line and the line values below..
here is a little sample
EURUSD GBPUSD
1.4212 1.6210
1.4109 1.6050
and so on so this will be in the csv file and when ever i run the file the data will picked up and lines will be placed on the respective charts agin regardless of the timme frame of the chart


this is very important tks so much for anyone who will help...
  • #403
  • Edited Jul 24, 2011 12:29am Jul 23, 2011 7:15pm | Edited Jul 24, 2011 12:29am
Hi!
I'm facing a problem with my MT4 daily data, it show the Sunday data (as below picture - red and black arrows). But as I know it is the opening hours in Monday of Tokyo and NZ.
I think it is because the time zone of broker servers (Forex.com). So, in some situation, this can bring confusions for my indicators.
Please help me setup it as normal, this sunday data should include in Monday data.
Thank you!
http://vc1.upanh.com/thumbpic/25.437...art1.700x0.jpg
  • #404
  • Jul 24, 2011 3:26am Jul 24, 2011 3:26am
Quoting thachtucp
Hi!
I'm facing a problem with my MT4 daily data, it show the Sunday data (as below picture - red and black arrows). But as I know it is the opening hours in Monday of Tokyo and NZ. ........
This is a widely known problem.

The only reliable solution I know of is to find a br0ker whose time zone is GMT+2 (list here). I use GoMarkets, for example.

Then you can use this br0ker for your analysis, and forex.com (assuming that you want to stay with them) for placing your trades.
  • #405
  • Jul 24, 2011 8:48am Jul 24, 2011 8:48am
Quoting hanover
This is a widely known problem.

The only reliable solution I know of is to find a br0ker whose time zone is GMT+2 (list here). I use GoMarkets, for example.

Then you can use this br0ker for your analysis, and forex.com (assuming that you want to stay with them) for placing your trades.
Thank you! That's the good idea, I should use other source for analysis in daily.
  • #406
  • Jul 24, 2011 9:46am Jul 24, 2011 9:46am
I think your indicator is showing correctly, inspite that most of the brokers are closed during weekends, the forex market is really never closed,
just brokers are, trades are being made even on weekends.
Bulls are stupid Animals!especially when Im short!
  • #407
  • Jul 24, 2011 10:34am Jul 24, 2011 10:34am
Quoting roughtrader
I think your indicator is showing correctly, inspite that most of the brokers are closed during weekends, the forex market is really never closed,
just brokers are, trades are being made even on weekends.
Your are right, but I do not imply the indicators were wrong, it's only the confuse of information from the data.
About forex market, it is not closed in weekend, but you need your broker for create trades. Otherwise you can trade in a black market.
  • #408
  • Jul 24, 2011 4:02pm Jul 24, 2011 4:02pm
Quoting roughtrader
I think your indicator is showing correctly, inspite that most of the brokers are closed during weekends, the forex market is really never closed,
just brokers are, trades are being made even on weekends.
What you're saying is true, but it's not related to the problem, at least as I understand it. The small candle merely reflects the trading that took place over a couple of hours, while the MT4 br0ker platform was OPEN, NOT the whole weekend. (That is why there are gaps in the price between Friday close and 'Monday' open).

Any indicator applies the same weight to the small candles just like any other candle, which distorts their calculated values. The same could be said for 'price action' trading, e.g. if the trader is looking for an engulfing candle as a signal, then there is a high probability that a 2 hour candle will be engulfed by a 24 hour candle - it doesn't necessarily mean that the balance between bulls and bears has changed significantly, as might normally be construed.

Sunday candles are a real nuisance to me, which is why I use a GMT+2 based br0ker for my analysis.
  • #409
  • Jul 27, 2011 11:51am Jul 27, 2011 11:51am
Hi hanover

Do You know if it is possible to have setup indicator that will act for example every second candle?
For example indicator is watching if ADX line is aiming up if yes then it will send alert. But it is possible after this happend that the indicator will not act for next one candle and after the third candle open indicator will be again active.

Thanks for answer
  • #410
  • Jul 27, 2011 6:56pm Jul 27, 2011 6:56pm
Quoting crusader1
Do You know if it is possible to have setup indicator that will act for example every second candle?
Yes, I believe that this is possible. If you post exactly what you want on the Platform Tech forum, maybe somebody who knows how to code MQL4 will notice it.
  • #411
  • Jul 28, 2011 1:15am Jul 28, 2011 1:15am
Quoting hanover
Yes, I believe that this is possible. If you post exactly what you want on the Platform Tech forum, maybe somebody who knows how to code MQL4 will notice it.

Thanks for help!
  • #412
  • Jul 28, 2011 9:27am Jul 28, 2011 9:27am
Does anyone have any trick to make my platform be able to show me the pip value calculator and position size like in Oanda's fxTrade?

As I'm using SGD as my base currency, I have been unsuccessful in looking for such tools online. Can anyone help?
  • #413
  • Jul 28, 2011 6:52pm Jul 28, 2011 6:52pm
Quoting jayjb
Does anyone have any trick to make my platform be able to show me the pip value calculator and position size like in Oanda's fxTrade?

As I'm using SGD as my base currency, I have been unsuccessful in looking for such tools online. Can anyone help?
Can you post an image of what Oanda's tools look like? Would give us MT4 die-hards a better idea what you're looking for.

The indy here displays the pip value (among other things) of each pair offered by your br0ker.

Here is a MT4 based lot size calculator.
  • #414
  • Jul 29, 2011 4:20am Jul 29, 2011 4:20am
Quoting hanover
Yes, I believe that this is possible. If you post exactly what you want on the Platform Tech forum, maybe somebody who knows how to code MQL4 will notice it.

Hi
I was try to post topic on the forum but I can't because I am junior member How can I post it when I am only junior? or it is not possible?

Thanks for help
  • #415
  • Jul 29, 2011 6:57am Jul 29, 2011 6:57am
is it possible to add color to the positions,
in other words price go against you = red
price go your way = green?
thanks
Bulls are stupid Animals!especially when Im short!
  • #416
  • Jul 29, 2011 2:29pm Jul 29, 2011 2:29pm
Hello

I just downloaded metatrader4 with oanda for demo to learn how to use it. Right now i am clueless as to how metatrader works. I trade live with oanda and most of my trades happen when I am sleeping.

My question is does metatrader4 have an automaded alert or order entry for when your trade is in the money an X amount of pips to set your stop even to hedge against losses?

This thread is awesome! Thanks!
My trades are 100% profitable 65% of the time!
  • #417
  • Jul 29, 2011 11:19pm Jul 29, 2011 11:19pm
Quoting jimmyjames79
Hello

I just downloaded metatrader4 with oanda for demo to learn how to use it. Right now i am clueless as to how metatrader works. I trade live with oanda and most of my trades happen when I am sleeping.

My question is does metatrader4 have an automaded alert or order entry for when your trade is in the money an X amount of pips to set your stop even to hedge against losses?

This thread is awesome! Thanks!
Jimmy,

If I may generalize, MT4's trading platform is deliberately minimalist and primitive, because it's backed by a powerful programming language. Hence the trading platform itself allows only the most basic buy/sell/close operations (with TP and SL). But if you are a programmer, you can automate the most sophisticated of strategies; alternatively, you can find literally thousands of free third party developed indicators and EAs (expert advisors or trading robots) that suit your purpose. These vary from simple straddles, hedges, OCO, etc right through to complete trading/MM strategies that can also be profitability tested over historical data using MT4's in-built strategy tester.

As a starting point, there are a number of order related EAs in this thread.

Good luck,
David
  • #418
  • Jul 30, 2011 12:24am Jul 30, 2011 12:24am
Quoting hanover
Jimmy,

If I may generalize, MT4's trading platform is deliberately minimalist and primitive, because it's backed by a powerful programming language. Hence the trading platform itself allows only the most basic buy/sell/close operations (with TP and SL). But if you are a programmer, you can automate the most sophisticated of strategies; alternatively, you can find literally thousands of free third party developed indicators and EAs (expert advisors or trading robots) that suit your purpose. These vary from simple straddles, hedges, OCO, etc right...
Wow! Thanks for pointing me in the right direction!
My trades are 100% profitable 65% of the time!
  • #419
  • Aug 1, 2011 7:21am Aug 1, 2011 7:21am
I am not tech proficient so I hope someone can help me. I have found some plug-ins I would like to use. I put them in the indicator list and they do not work. Can someone explain how I get these loaded and on a chart? Thank you.
  • #420
  • Aug 1, 2011 7:27am Aug 1, 2011 7:27am
Quoting E-Money
I am not tech proficient so I hope someone can help me. I have found some plug-ins I would like to use. I put them in the indicator list and they do not work. Can someone explain how I get these loaded and on a chart? Thank you.
If you're running Win7 or Vista, this is a known Windows bug.

You might be able to work around this by installing MT4 somewhere other than under the Program Files folder.

For more information, please read posts #198 thru #208 here, and/or contact either Microsoft or your Windows supplier for more information.
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