MT4 Indicators Usage Tutorial/MQL4 Reference Documents | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

bandwidth usage with mt4 14 replies

Mql4 tutorial! 2 replies

MQL4 Language Most Recent Version is it updated beyond the tutorial on the mql4 websi 6 replies

Finding MT4 video tutorial? 0 replies

Attachments: MT4 Indicators Usage Tutorial/MQL4 Reference Documents
Exit Attachments

MT4 Indicators Usage Tutorial/MQL4 Reference Documents

  • #1
  • First Post: Edited 7:09am Feb 27, 2006 6:59am | Edited 7:09am
I've created this thread for reference since a lot of problems seems to be encountered when importing Custom Indicators into MT4. Specifically vegas' VWB indicators.

So for easier reference, I hope this thread could help.

IMPORTING OF INDICATORS

1) After downloading the indicators, either here:
http://www.forexfactory.com/forexfor...86&postcount=1
OR here:
http://www.forexfactory.com/forexfor...ead.php?t=4365

2) Unzip the file and it should give you the following files:
- VEGAS WEALTH BUILDER.doc
- Vegas Currency Daily.mq4
- Vegas S_P Daily.mq4

3) Copy and Paste the indicators (Vegas Currency Daily.mq4 & Vegas S_P Daily.mq4) into the "experts/indicators" folder where you installed MT4.
For example, if you downloaded the installer from Strategybuilderfx.com, you'll paste the indicators in the ff. folder:
C:\Program Files\StrategyBuilderFX 4\experts\indicators
Or if you downloaded it from metaquotes.net, you'll paste it here:
C:\Program Files\MetaTrader 4\experts\indicators

4) If MT4 is currently open, close it.
5) Now, Re-Open MT4
  • #2
  • Edited 7:24am Feb 27, 2006 7:01am | Edited 7:24am
Insert Custom Indicators by referencing the image below:
Attached Image
  • #3
  • Edited 7:19am Feb 27, 2006 7:13am | Edited 7:19am
After doing the above step, a pop-up window/input box will be displayed.
Here, you can input the risk model by clicking on the "Inputs" tab as shown in the image below:

To overlay risk models, just repeat the step in the above post, and input the next risk model, indicated in the step here in this post.
Attached Image
  • #4
  • Edited Feb 28, 2006 12:45am Feb 27, 2006 7:14am | Edited Feb 28, 2006 12:45am
If in any case the VWB indicators does not show in the "Custom" -> "indicators" from the menu, you can try the following:

Problem1:

Contributed by Flyn here:
http://www.forexfactory.com/forexforum/showpost.php?p=43597&postcount=2
-- START --

I've just been through this when trying to install the VWB indicators. Here's what I did to fix it:

1. Delete the indicator from the Experts>Indicators folder using the navigator
2. Open the editor and open the MQ4 file from the location to which you originally downloaded it.
3. Using the editor, save the file into the C:\program files\metatrader4\experts\indicators folder (or wherever you installed the program).
4. The indicator should now be visible in the "Custom Indicators" folder on the navigator window.
5. When the inicator is dragged onto a chart, or added using a right mouse click, it will get compiled and will then run.

I've no idea why this is necessary, but it's the only way I could make it work. It seems like the editor must add something when you open the file and save it in this way.

-- END --

Problem2:

Hi, Quote:
Originally Posted by MrMajik
I just tried to download Adobe Reader and the download hung up before it ever started. I can visit websites and use my Oanda account as I just made a small trade to see if it would work. But when I need to download new software from the Internet it fails. This is wierd...

If this ever happens to you again, one more thing to try is checking/changing your MTU settings. It's helped me out of a few weird internet access problems before.

http://help.expedient.net/broadband/mtu.shtml

Best regards
Alan

Hope this helps for a quicker and more efficient way of doing things.

Regards,
East
  • #5
  • Feb 27, 2006 2:32pm Feb 27, 2006 2:32pm
thanks eastmaels
  • #6
  • Feb 27, 2006 5:19pm Feb 27, 2006 5:19pm
Quoting tek
thanks eastmaels
Hey, no prob.. Glad to be of help.. Enjoy your new indicators!
  • #7
  • Feb 28, 2006 12:29am Feb 28, 2006 12:29am
A list of brokers who are using MT4 as their platform.
Choose at your own risk.

Contributed by Pipmaker, then Accrete here:
http://www.forexfactory.com/forexfor...67&postcount=2

Admiral Investments and Securities Ltd. http://www.forextrade.ru/
Alpari Ltd. http://www.alpari-idc.com/
APEX FX Trading http://www.apexfxtrading.com/
Bull Trend Brokerage http://www.bulltrend-bg.com/
FiboGroup http://www.fibogroup.com/
EuroForex Development LLC. http://www.euroforex.net/
fxTeam http://www.fxteam.ru/
Financial Network Worldwide Ltd. http://www.forexservice.net/
FinMarket Ltd. http://www.finmarket.com.ua/
Forex Global Investment LLC http://www.forexgi.com/
Forex Ltd. http://www.forexua.com/
FX-Pro Ltd. http://www.fx-pro.com/
IC Vector Securities Ltd. http://www.icvector.ru/
Inforex Introducing Broker http://www.inforex.org/
Integral Bank http://www.fxintegral.com.ua/
Interbank FX http://www.interbankfx.com/
Jaguars Investment LLC http://www.jaguarsinvestment.com/
Joy Financial Group http://www.joyfg.com/
KVB Kunlun New Zealand Limited http://www.kvbkunlun.com/
Lefco Bank http://www.lefco.ru/
Livingston Investment Inc. http://www.mytrustbank.com/
Man Financial (S) Pte Ltd http://www.manfinancial.com.sg/
MIG Investments Group LLC http://www.miginvest.com/
Orion Global Financial Services http://www.orionbrokers.com/
Performance Forex GmbH http://www.eforex-asia.com/
Real Trade Ltd. http://www.realtrade.lv/
STS Finance SC http://www.finance.sts.bg/
Teletrade D.J. International Consulting Ltd. http://www.teletrade.ru/
The Commercial Group http://www.cgtim.com/
TradeFXDirect.com, Inc. http://www.tradefxdirect.com/
Ukrsotsbank http://forex.ukrsotsbank.com/
Windsor Brokers Ltd. http://www.windsorbrokers.biz/
X-Trade Sp. z o.o. http://www.x-trade.biz/
FXBest http://www.fxbest.ru/
ManFinancial http://www.manfinancial.com.sg/en/
SBFX http://www.strategybuilderfx.com/platform.php/
SNC investment http://www.sncinvestment.com/
FXDirectDealer http://fxdd.com/
Neurex http://www.neurex.de/
  • #8
  • Feb 28, 2006 5:21pm Feb 28, 2006 5:21pm
Eastmaels, Thanx for the directions. I am new to the MT4 and though I have been trading FX demo for 1.5 years, I still consider myself a neophite. Anyhow I had no problem loading the VWB indicators thanks.
  • #9
  • Feb 28, 2006 6:54pm Feb 28, 2006 6:54pm
(Got this from accrete) Thanks for your thanks Adrian..

Just trying to give back to the community..
I'm no expert in MT4 and still consider myself a noob in trading.. Haven't gotten my free education yet..

Anyway, I'm just collating things about MT4 that seem to pop-up here and there..
  • #10
  • Mar 19, 2006 5:01pm Mar 19, 2006 5:01pm
Hi Eastmaels

Many thanks for pointing me to this thread.

I have got the VWB plugins installed.

Maybe I'm being a bit thick but how do I get the other risk models overlayed?
Whenever the pop up box appears the dafault setting for the risk model is always 1. How do I change this to select another model?

Many thanks

Tariq
  • #11
  • Mar 19, 2006 6:48pm Mar 19, 2006 6:48pm
Quoting tariq
Hi Eastmaels

Many thanks for pointing me to this thread.

I have got the VWB plugins installed.

Maybe I'm being a bit thick but how do I get the other risk models overlayed?
Whenever the pop up box appears the dafault setting for the risk model is always 1. How do I change this to select another model?

Many thanks

Tariq
Hi Tariq,

Glad to be of help.

You can change the model number by double-clicking the number "1" and then change it to whichever model number you want.
I've attached an image for reference.

Hope this is what you're looking for.

Regards,
East
Attached Image
  • #12
  • Mar 23, 2006 6:28pm Mar 23, 2006 6:28pm
Eastmeals,

Just wanted to say thanks for clearing up these issues, I was having fits importing the VWB indicators untill I found you're very informative threads.

I hope the market pays you well for you're kindness!

Thanks agian.
  • #13
  • Edited May 4, 2006 11:01pm Apr 4, 2006 8:36pm | Edited May 4, 2006 11:01pm
Here's how you can get data feed for other markets (limited) using MT4:

1) Data feed for other markets are only available (I think) in MT4 downloaded from:
http://www.strategybuilderfx.com/platform.php/

2) Once you've installed the platform, you then take the following steps to get the data feed:

a) Open MT4
b) Right-Click on the "Market Watch" window shown on the left side of the platform, then Select "Show All". It will then display the data feeds for other markets.
c) Drag the data feed you want to see to the Chart area and viola! You now have the charts up!

Hope this helps,
East
Attached Image
  • #14
  • Apr 10, 2006 3:04pm Apr 10, 2006 3:04pm
Eastmaels,
Please forgive....I can't appear to run the VWB. What I mean is that it is running but not as described in the VWB documentation.

Question 1)
ref: The VWB documentation Chapter 3 " From the 1 hour tunnel method, I would not trade a breach of the 1 hour tunnel [144 and 169 EMA's] if the fib...."
Do I need to change the EMA from the default [24/28] if I am in the H1/H4 chart?

Question 2)
ref: The VWB doc Appendices.."A. EUR/USD"
Bottom of page second paragraph.." First Line [red dash] = 89, second liine [red dash] = 144, third line [red dash] = 233, forth line [blue dash] = 377.
All my lines are red; Do I need to change the color. Sounds silly but thought i'd ask.

Thanks for your explanation of importing the files to Metatrader. I am a newdie and this is my first exposure to MetaTrader 4. I read the help menu...and a lot of the posts...I am going through information overlaod....

Again thanks for your explain...very helpful.

jj/.
  • #15
  • Apr 10, 2006 5:53pm Apr 10, 2006 5:53pm
Quoting JayJay
Eastmaels,
Please forgive....I can't appear to run the VWB. What I mean is that it is running but not as described in the VWB documentation.

Question 1)
ref: The VWB documentation Chapter 3 " From the 1 hour tunnel method, I would not trade a breach of the 1 hour tunnel [144 and 169 EMA's] if the fib...."
Do I need to change the EMA from the default [24/28] if I am in the H1/H4 chart?

Question 2)
ref: The VWB doc Appendices.."A. EUR/USD"
Bottom of page second paragraph.." First Line [red dash] = 89, second liine [red dash] = 144, third line [red dash] = 233, forth line [blue dash] = 377.
All my lines are red; Do I need to change the color. Sounds silly but thought i'd ask.

Thanks for your explanation of importing the files to Metatrader. I am a newdie and this is my first exposure to MetaTrader 4. I read the help menu...and a lot of the posts...I am going through information overlaod....

Again thanks for your explain...very helpful.

jj/.
Hi jj,

For a quick reply:
1) Question 1: Not sure if I understand you correctly since what I had in mind here was only VWB. But if what you're asking is if you're moving to the 4Hr/1Hr tunnel, there's a trick to it so that you won't have to change the EMAs when transitioning. The quick reply to that would be:
a) Add seperate EMAs for the VWB, 4Hr and 1Hr when you plan on using the same chart (what I do is I use several windows/charts)
b) Use the "Visualization" tab when you edit a Moving average to choose on which timeframes to display the MA. More to follow on this later.

2) Question 2: Not a silly question for me. Nope, you don't need to change the color. It's for visualization purposes only.

Glad you find it useful. I'll try to do a follow-up on Q1 when my mind is in full attention.

Regards,
East
  • #16
  • Apr 10, 2006 7:33pm Apr 10, 2006 7:33pm
Hi Eastmaels,
Please take a look at my screen. I selected Model #1 and #2 but the upper left indicates Risk Model #1 also the EMA 24/28; Is this right.

Could you explain the numbers F+1: F+2 etc. I have an idea that it refers to the fib numbers but not certain how it relates to the chart.

Again many thanks for your patience...jj/.
Attached Image
  • #17
  • Apr 10, 2006 8:04pm Apr 10, 2006 8:04pm
Hi jay,

my replies are below.

Quoting JayJay
I selected Model #1 and #2 but the upper left indicates Risk Model #1
Don't mind that one, it's a limitation of MT4.
I think it's just a comment that cannot be overlayed and the comment that will be displayed is the comment of the first indicator.
(I suggest you don't mind it much as long as the appropriate fib levels are in place.)

Quoting JayJay
also the EMA 24/28;
Those are just the current values of the MAs and are used I think as the base point for computing the fib levels (Computation given below).

Quoting JayJay
Could you explain the numbers F+1: F+2 etc. I have an idea that it refers to the fib numbers but not certain how it relates to the chart.
You're right, they are the fib levels. To compute for them you do the ff:
28 EMA=1.2156
F+1=1.2156 + 0.0089 = 1.2245 (89 fib)
F+2=1.2156 + 0.0144 = 1.2300 (144 fib)
F+3=1.2156 + 0.0233 = 1.2389 (233 fib)

the same goes with the fib levels below. the 24 EMA I think has no use..

Quoting JayJay
Again many thanks for your patience...jj/.
No prob jj. Sometimes, replies may be slow due to time constraint. In those times, perseve to get some answers (just a piece of unsolicited advice ).

Regards,
East
  • #18
  • Apr 11, 2006 7:57am Apr 11, 2006 7:57am
Tanks for the explanation. I'm the type of person that needs to visualize the steps in my head. You response made that clear. I'm certain I'll have more quest as I get more proficient.

This is a great thread...I can't belive you guys are doin what you're doin for the good of the community.....Keep it up !!
jj/.
  • #19
  • Apr 11, 2006 8:27am Apr 11, 2006 8:27am
Quoting JayJay
Tanks for the explanation. I'm the type of person that needs to visualize the steps in my head. You response made that clear. I'm certain I'll have more quest as I get more proficient.

This is a great thread...I can't belive you guys are doin what you're doin for the good of the community.....Keep it up !!
jj/.
Your welcome jj.

Good to hear I was able to help

Take care and best of wishes to your journey.

Regards,
East
  • #20
  • Edited May 5, 2006 7:52am May 4, 2006 10:46pm | Edited May 5, 2006 7:52am
Here are a couple of threads discussing VWB.

VWVB Daily Chart Analysis

Vegas Wealth Builder - Discussion

Vegas Method - has it been successful for others?

Vegas Wealth Builder Part II

Vwb Chapter 3 Study
0 traders viewing now