MetaTrader Australia » Charts

MetaTrader Tips – Setting Chart Scales

admin — Sun, 28 Mar 2010 05:53:45 +0000

You are able to manually set scale charts in MetaTrader by pressing F8 -> click the Common tab -> then select Scale fix.

MetaTrader Tips – Understanding MetaTrader Charts

admin — Mon, 08 Feb 2010 06:47:55 +0000

The current price shown on an MT4 chart is the bid price. When looking at a price bar or candle, you must add the spread to the high bid price to know what the high ask price would have been, or add the spread to the low bid price to know what the low ask would have been.

If you are in a sell (in at the Bid out at the Ask), you would not see the candle reach your stop loss if you are taken out of the trade. For example with a stop loss of 1.4580 on the EURUSD once the chart reached 1.4578 (2 pip spread) you would be taken out of the trade at 1.4580. Your take profit would not trigger until the ask price hits. For example with a take profit of 1.4540 on the EURUSD once the chart reached 1.4538 (2 pip spread) you would be taken out of the trade at 1.4540. These examples are based on our spread shown under normal market conditions. Our spreads are not fixed and will fluctuate with news or other high / low volume conditions.

If you are in a buy (in at the Ask and out at the Bid), you will see the bid price on the chart.

MetaTrader Tips – Saving Chart Templates

admin — Tue, 08 Dec 2009 01:57:08 +0000

Templates can also be created for charts opened from the Strategy Tester and for charts opened independently.

To create a default template for charts opened from the Strategy Tester, you will need to save a template as “tester.tpl”.

For offline charts, the default template must be “offline.tpl”.

If the “offline.tpl” template is not found when an offline chart is opened, the “default.tpl” template is used. If the “tester.tpl” is not found, the embedded settings are used.

Source: http://articles.mql4.com/189

MetaTrader Tips – Use F12 with Charts

admin — Thu, 26 Nov 2009 03:45:41 +0000

Use F12 to move through a chart bar by bar.

This function can be very useful when you develop and test your own trading strategies. Simply open a chart at the very beginning of the history (press Home) and move through it bar by bar.

Shift+F12 will move through the chart backwards.

Source: http://articles.mql4.com/189

MetaTrader Tips – Chart Templates

admin — Thu, 26 Nov 2009 03:41:41 +0000

By using Chart Templates the chart background, bars colors, indicators and objects can be saved and used on other charts.

To do this, setup any chart as you wish: set colors, superpose objects, attach indicators, etc. Then select the “Charts -> Template -> Save Template…” menu and save the obtained template as default.tpl

MetaTrader Tips – Placing Pending Orders Using Charts

admin — Tue, 24 Nov 2009 10:28:27 +0000

When placing orders from charts there is no need to remember which type of pending orders to use.

To place a pending order via a chart just right click with mouse on the desired point in the chart where you would like to place the order and select the “Trading” command in the menu. You will see the types of available pending orders that can be placed.

After you have selected one of the order types, the platform will show the order creation/modification window with partly filled fields. You will then need to specify Stop Loss and/or Take Profit values.

There can be four types of pending orders:

Buy Limit — the current price level is above the value of the order to be placed
Buy Stop — the current price level is below the value of the order to be placed
Sell Limit — the current price level is below the value of the order to be placed
Sell Stop — the current price level is above the value of the order to be placed

Source: http://articles.mql4.com/189

Decorating Indicators – MetaTrader 4

admin — Wed, 18 Nov 2009 02:27:44 +0000

Introduction

What is an indicator? It is a tool intended for displaying a certain type of data. Usually it is information about the price series properties, exactly this type of indicators will be considered further.

Each indicator also has its own properties and characteristics: for example, the range of values, the overbuying/overselling zones, the line crossing, tops and bottoms… They are numerous and can be successively used together with the main indicator values. However, such properties are not always vivid. The reasons can be different – small size of the indicator window, lower concentration, etc.

The purpose of this article is to help you to improve the descriptive and informational value of indicators, as well as partial automation and facilitation of the code implementation process. I hope the code below will cause no difficulties both for professional developers and beginners.

The article is intended for those who have at least the starting level of MQL4 knowledge and can implement simple ideas and algorithms in a code, as well as knows about the structure of code storage in the terminal and can use the libraries (experts/libraries) and header files (experts/include).

View the full article at http://articles.mql4.com/838

MetaTrader Tips – Reopen Closed Charts

admin — Wed, 18 Nov 2009 02:23:52 +0000

If you accidentally close a chart it can be reopened with all its settings using “File -> Open Deleted”.

Source: http://articles.mql4.com/189

MetaTrader Tips – Check Price Range

admin — Tue, 17 Nov 2009 04:09:08 +0000

You can check the price range and the number of bars between two points using the ruler.

To do so, select the “Crosshair” object, click with the left mouse button on the first point in the chart and drag the cursor to the second point.

The first number (23) is the count of bars, the second number (157) is the price range in pips, the third number (1.8705) is the bid price in the second point.

Source: http://articles.mql4.com/189

MetaTrader Tips – Chart Printing

admin — Mon, 16 Nov 2009 04:31:41 +0000

To print a chart, Press Ctrl+P.

By default the charts are printed in black and white, but they can also be printed in color. Just check the “Color print” field in the “Charts” tab of the “Tools -> Options” menu.

Source: http://articles.mql4.com/189