120 min or 2H candle? | Forex Factory

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120 min or 2H candle?

  • #1
  • First Post: Sep 15, 2014 12:28pm Sep 15, 2014 12:28pm
Dear traders ,
I´m looking for a solution to " produce" 120 min candles in my Mt4.
I´m very busy while day with my work and I can´t watch every hour to my tradingstation .
I know on other tradingstations it´s possible .
Is there a solution that counts two 1H candles together and gives also the indicators this
datafeed ?
Thx Guido
Risiko birgt immer auch die Chance.
  • #2
  • Sep 15, 2014 12:51pm Sep 15, 2014 12:51pm
serach for the period convertor and then add this too a 60 min chart with standard settings go to your open offline 2nd heading under file top left of mt4 and open on 120 mins - dont have the period convertor at hand but do know if u google it u will find it around here or near to .. hope this helps
  • #3
  • Sep 15, 2014 1:01pm Sep 15, 2014 1:01pm
Take the last two 1H bars.

***The higher high of the two 1H bars is the 2H High.
***The lower low of the two 1H bars is the 2H Low.
***The open of the first 1H bar is the 2H Open.
***The close of the second 1H bar is the 2H Close.

Code that into a function and that's it.

Regards.
Trade, don't bet.
  • #4
  • Sep 15, 2014 1:12pm Sep 15, 2014 1:12pm
2 hour candles??? whats the point of that?

The same thing goes for the 30 minute candle.

What is a two hour candle going to tell you that two one hour candles can't? It is the same

information. It is the same price action.
  • #5
  • Sep 15, 2014 2:11pm Sep 15, 2014 2:11pm
not sure in which thread (I think "heres a tick chart for mt4" or so), but I know that I have uploaded/lnked to an "any time frame chart generator"-indicator/ea which works fine (forumsearch/google)
PM me with coding requests and I'll probably put you on my ignore list
  • #6
  • Sep 15, 2014 2:46pm Sep 15, 2014 2:46pm
period converter optimized is the indicator.. load onto chart, allow dlls, change the timeframe on the indicator options, and go to offline charts and open the newly created timeframe.
  • #7
  • Sep 15, 2014 2:50pm Sep 15, 2014 2:50pm
The simple solution is to get a practise account with Oanda FX trade. You can keep it forever (no expiry). They have many more time frames including 2 hour. Do your analysis there and trade on your regular platform.
  • #8
  • Sep 15, 2014 2:50pm Sep 15, 2014 2:50pm
Quoting RaverStyleTim2
period converter optimized is the indicator.. load onto chart, allow dlls, change the timeframe on the indicator options, and go to offline charts and open the newly created timeframe.
I meant this: http://www.forexfactory.com/showthre...13#post7492213
PM me with coding requests and I'll probably put you on my ignore list
  • #9
  • Sep 15, 2014 3:21pm Sep 15, 2014 3:21pm
Quoting Sesamstrasse
Dear traders , I´m looking for a solution to " produce" 120 min candles in my Mt4. I´m very busy while day with my work and I can´t watch every hour to my tradingstation . I know on other tradingstations it´s possible . Is there a solution that counts two 1H candles together and gives also the indicators this datafeed ? Thx Guido
You have to generate 2H offline charts
See there :
http://www.forexfactory.com/showthread.php?t=206301
Meeeooow !!!
  • #10
  • Edited 5:33am Sep 16, 2014 3:56am | Edited 5:33am
Quoting fxdaytrader_
{quote} I meant this: http://www.forexfactory.com/showthre...13#post7492213

As first I´d say thank you for your help !
Your contribution to this thread is really helpful!

Guido
Risiko birgt immer auch die Chance.
  • #11
  • Sep 16, 2014 4:02am Sep 16, 2014 4:02am
Thanks for all the quick help of you all !
I hope to solve my " Idea " to trade in H2 very soon .
I´m really not a coder or so , but I found also something helpful in the thread :
http://www.forexfactory.com/showthread.php?t=22114

There´s a document I downloaded and I hope I can handle it .

I´m on my tradingstation in a couple of hours and I hope I can handle it .

here are 2 attachments , that should solve the "problem " ..


Thank you
Guido
Attached File(s)
File Type: mq4 periodcon.mq4   16 KB | 541 downloads
File Type: doc period converter.doc   28 KB | 428 downloads
Risiko birgt immer auch die Chance.
  • #12
  • Last Post: Sep 16, 2014 4:07am Sep 16, 2014 4:07am
Quoting profitkeeper
The simple solution is to get a practise account with Oanda FX trade. You can keep it forever (no expiry). They have many more time frames including 2 hour. Do your analysis there and trade on your regular platform.
No , sorry , Oanda is really never a solution in any case.
May be it´s possible to trade with them longtermcharts ( daily / weekly / monthly )
I have never heard of someone who makes profits with them intraday.

So it´s not the right place to say every detail why it´s near" impossible" to make profts with them .
But again .. Oanda is never , never , never never a solution .
Thx Guido
Risiko birgt immer auch die Chance.
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