USDLFX Offline Chart Creator EA | Forex Factory

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Attachments: USDLFX Offline Chart Creator EA
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USDLFX Offline Chart Creator EA

  • #1
  • First Post: Edited Jul 13, 2018 4:40pm Apr 30, 2015 7:29am | Edited Jul 13, 2018 4:40pm
What is USDLFX?
USDLFX is a currency index of US dollar formulated by LiteForex broker. It is an attempt to create an indicator for USD currency power. The idea has been further extended to other major Forex currencies. To my knowledge, these indices are not available on other brokers.
The expert advisor presented here creates offline LFX indices for those who use other brokers but would like to have LFX indices on their charts.
In order to use this EA, you need to attach it to an EURUSD chart of your selected time frame. Then select which LFX index you want the EA to create for you.
The EA will then generate the LFX index as an offline chart with the same time frame as you have attached the EA to the EURUSD chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 20 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 22 KB

Note: In the absence of history ticks data, it is not possible to reconstruct wicks.

--- Update 2017-01-26 ---
Version 1.42 released. In this version the EA automatically detects suffix of symbols.
Attached File(s)
File Type: ex4 MathTrader7_LFXChartCreatorEA.ex4   54 KB | 1,949 downloads | Uploaded Jan 26, 2017 3:05pm


--- Update 2018-07-13 ------
Version 1.48 released. In this version, the speed of calculating LFX bars from history data increased.

Note: THIS IS AN EXPERIMENTAL VERSION (beta). Please report any bug you may face in this version.
Attached File(s)
File Type: ex4 MathTrader7_LFXChartCreatorEA_beta.ex4   70 KB | 1,350 downloads | Uploaded Jul 13, 2018 2:43pm
Trading is the hardest way to make easy money...
  • #2
  • Apr 30, 2015 10:23am Apr 30, 2015 10:23am
There was a bug in Version 1.0 that made the current candle/bar be drawn incorrectly. I fixed this bug in Version 1.1 and updated Post 1.
Trading is the hardest way to make easy money...
  • #3
  • Apr 30, 2015 10:41am Apr 30, 2015 10:41am
Quoting MathTrader7
There was a bug in Version 1.0 that made the current candle/bar be drawn incorrectly. I fixed this bug in Version 1.1 and updated Post 1.
Any further thots on the issue of the wicks(candle highs and lows)?
  • #4
  • Apr 30, 2015 10:43am Apr 30, 2015 10:43am
Quoting LITEchild
{quote} Any further thots on the issue of the wicks(candle highs and lows)?
One solution is to create the offline charts totally out of ticks, but this needs a week or more to have enough M30 candles of USDLFX/EURLFX to apply xSuperTrend reliably, I think. Thoughts?

Edit: I'm thinking about this issue... I may come up with some solution
Trading is the hardest way to make easy money...
  • #5
  • Apr 30, 2015 10:58am Apr 30, 2015 10:58am
Quoting MathTrader7
{quote} One solution is to create the offline charts totally out of ticks, but this needs a week or more to have enough M30 candles of USDLFX/EURLFX to apply xSuperTrend reliably, I think. Thoughts? Edit: I'm thinking about this issue... I may come up with some solution
Meanwhile, here's a thought... all the wicks does, is to increase the average volatility measurements right? So increasing the the multiplier setting on the xSuperTrend indicator of the MathTrader7 USDLFXc Chart from "3" to "6" seems to normalise the volatility/momentum readings. Crude but effective you think?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDLFXcM30.png Size: 31 KB
Click to Enlarge Name: USDLFXM30.png Size: 37 KB
  • #6
  • Apr 30, 2015 11:04am Apr 30, 2015 11:04am
Quoting LITEchild
{quote} Meanwhile, here's a thought... all the wicks does, is to increase the average volatility measurements right? So increasing the the multiplier setting on the xSuperTrend indicator of the MathTrader7 USDLFXc Chart from "3" to "6" seems to normalise the volatility/momentum readings. Crude but effective you think? {image} {image}
You rock man! This could be one solution, but I'm eager to generate those damn wicks with my EA, without having access to the past ticks! However, I think we can use your solution for further developing of the strategy.
Trading is the hardest way to make easy money...
  • #7
  • Apr 30, 2015 11:16am Apr 30, 2015 11:16am
Quoting MathTrader7
{quote} You rock man! This could be one solution, but I'm eager to generate those damn wicks with my EA, without having access to the past ticks! However, I think we can use your solution for further developing the strategy.
Great! I have been working on a wonderful way of expressing the entry and exit logic so it can be readily programmable. Once the histogram filters are done, we can get right to that!
  • #8
  • Apr 30, 2015 11:18am Apr 30, 2015 11:18am
Quoting LITEchild
{quote} Great! I have been working on a wonderful way of expressing the entry and exit logic so it can be readily programmable. Once the histogram filters are done, we can get right to that!
I will start developing the histograms
Trading is the hardest way to make easy money...
  • #9
  • Apr 30, 2015 2:07pm Apr 30, 2015 2:07pm
Version 1.2 released. This version calculates wicks more accurately than previous version in the absence of having access to the past ticks. I updated Post 1.
Trading is the hardest way to make easy money...
  • #10
  • Apr 30, 2015 2:19pm Apr 30, 2015 2:19pm
Quoting MathTrader7
Version 1.2 released. This version calculates wicks more accurately than previous version in the absence of having access to the past ticks. I updated Post 1.
  • #11
  • Apr 30, 2015 4:12pm Apr 30, 2015 4:12pm
Step in, like to follow you both...you are so creative :-)... great work... fantastic team
  • #12
  • Apr 30, 2015 4:13pm Apr 30, 2015 4:13pm
Quoting Akvisto
Step in, like to follow you both...you are so creative :-)... great work...
Thanks Akvisto!
Trading is the hardest way to make easy money...
  • #13
  • Apr 30, 2015 4:29pm Apr 30, 2015 4:29pm
Quoting MathTrader7
{quote} Thanks Akvisto!
I have to thank you!
  • #14
  • Apr 30, 2015 4:33pm Apr 30, 2015 4:33pm
Quoting Akvisto
Step in, like to follow you both...you are so creative :-)... great work... fantastic team
  • #15
  • Apr 30, 2015 9:48pm Apr 30, 2015 9:48pm
MT7 you are the Man.....

Reading your all threads with proper interest
If you believe in yourself anything is possible !!
  • #16
  • Apr 30, 2015 10:08pm Apr 30, 2015 10:08pm
MT7

Well done!
  • #17
  • May 1, 2015 12:18pm May 1, 2015 12:18pm
Quoting MathTrader7
This expert advisor creates offline USDLFX charts. USDLFX is an index developed by LiteForex. This symbol is not available on other brokers. This EA tries to fill in this gap. You need to attach the EA to an EURUSD chart. The EA generate USDLFX chart with the same time frame as the EURUSD chart's time frame. --- Update 2, 2015-04-30 --- Version 1.2 released. This version calculates wicks more accurately than previous version in the lack of having access to the past ticks.{image}{file} --- Update 1, 2015-04-30 --- Version 1.1 released. There was...
Hello MathTrader7, i downloaded liteforex mt4 but im unable to find their USDLFX index, do you have any idea on what i should do ? Thanks.
  • #18
  • May 1, 2015 1:15pm May 1, 2015 1:15pm
Quoting metta87
{quote} Hello MathTrader7, i downloaded liteforex mt4 but im unable to find their USDLFX index, do you have any idea on what i should do ? Thanks.
click ctrl+M on your char, you will see market watch windows and then on market watch window you just click right mouse and click show all
  • #19
  • May 1, 2015 3:30pm May 1, 2015 3:30pm
Quoting bobzahra
{quote} click ctrl+M on your char, you will see market watch windows and then on market watch window you just click right mouse and click show all
Thank you very much bozahra, it worked just perfect.
  • #20
  • May 2, 2015 1:02am May 2, 2015 1:02am
MathTrader:

Are you going to create versions for the other currencies?
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