Up-Down Chart Creator EA

This EA creates up and down candles such that a bullish (bearish) candle is formed with consecutive bullish (consecutive bearish) ticks. In this type of charts there is no low/high wicks, if price stops moving in one direction and changes to the opposite direction, a new candle will be created.


Scalping Setup Example:

Attached Image (click to enlarge)

How to run it:
1. Download MT7_UpDownChartCreatorEA.ex4 from the attachments and copy it into your Experts folder.
2. Enable Allow DLL import in "Tools > Options > Expert Advisors" tab.
3. Refresh your MT4 platform's navigator window (or restart MT4).
4. Open a M1 chart (for example, EURUSD, M1) and attach the EA to the chart.
5. Wait for the EA to sync with the next M1 candle.
6. From File menu, select Open Offline and choose the symbol with the time frame you set in the input settings (the default TF is M8, so you need to find and open EURUSD,M8 chart).

--- Update 2018-07-08 ------
Version 1.02 released. In this version, I fixed the bug causing MT4 to freeze (abnormal termination error)

Note: THIS IS AN EXPERIMENTAL VERSION (beta). Please report any bug you may face in this version.

[Quote = MathTrader7; 9068049] Esto crea EA arriba y abajo de las velas de modo que una alcista (bajista) está formada con la vela consecutivo alcista (bajista consecutiva) garrapatas. En este tipo de cartas no hay altas / bajas mechas, si, se crearán paradas de precios que se mueven en la dirección de la vela actual una nueva vela. Cómo ha de hacerlo: 1. Descargar MT7_UpDownChartCreatorEA.ex4 de los archivos adjuntos y copiarlo en la carpeta de Expertos. 2. Activar Permitir importación DLL en "Herramientas> Opciones> asesores expertos" de la ficha. 3. Actualizar la ventana del navegador de su plataforma MT4 (o reiniciar MT4). 4. Abrir un gráfico M1 (por ejemplo, el EURUSD, M1) y adjuntar la EA al gráfico. 5. Espere a que la EA se sincronice con la vela siguiente M1. 6. En el menú Archivo, seleccione Abrir conexión y seleccione el símbolo con el marco de tiempo definido en la configuración de entrada (el valor predeterminado es TF M8, por lo que necesita para encontrar y EURUSD abierta, carta M7). {Image} {archivo} [/ quote]

What would be the exact value of this ea and how they would work with her?

One way is to trade reversal patterns form outside Bollinger bands,

Spectacular friend , thanks for your teachings , you have some system established with defined rules ? you plan to share it with the community ForexFactory?

hi Mt7, what is the difference than trading bollinger bands on normal charts?

so smart trader, thank you
this chart with EA look so clearly trend move

This is my favorite scalping chart!

Here is a setup to scalp the market by means of some of my indicators and up-down chart creator EA.

Version 1.01 released (I updated Post 1). In this version,
1. The EA uses the standard functions of the kernel32 for file operations to deal with brokers who offer symbols with suffixes such as "EURUSD..r" that cannot be handled with FileOpenHistory() of MQL4.

Version 1.02 released (I updated Post 1). In this version, I fixed the bug causing MT4 to freeze (abnormal termination error)

Hello Mathtrader7 how did the scalping work where can i find the speedometer and how does it work can you please provide some update on this setup iam really interested in this setup
thank you

hello. dear MathTrader7 please make a version for metatrader 5

Thank you very much for this EA. Can you please make a customized version that works on the H1 chart. Thanks again .